DOMO Chemicals’ German subsidiaries enter insolvency as administrator explores restructuring options amid weak demand, high energy costs, and import pressure.
Three German subsidiaries of the Belgian chemical group DOMO Chemicals–DOMO Chemicals GmbH, DOMO Caproleuna GmbH, and DOMO Engineering Plastics GmbH-have formally entered insolvency proceedings under German law. The responsible local court has appointed Lucas F. Flöther, Professor and named partner at the law firm Flöther & Wissing, as the preliminary insolvency administrator. His immediate priority is to stabilise operations while examining all viable restructuring pathways for the affected businesses.
According to Flöther, business…