DOMO Chemicals is among the DOMO Group subsidiaries filing for insolvency – an outcome attributed to high energy prices, low demand, and ongoing imports from non-EU countries.
Headquartered in Ghent, Belgium, DOMO Group’s subsidiary companies manufacture and sell polymers, engineering plastics, and high-performance plastics for the consumer and industrial goods sectors, among others.
The company reports that high energy costs, rising polyamide resin imports from outside the EU, and ‘persistently weak’ demand in Europe’s chemicals sector have impacted its businesses.
Although the management team started a restructuring process in 2024, talks over further short-term financing have since broken down – leaving DOMO Chemicals,…