Insolvency proceedings of Leuna Polyamid GmbH opened

The insolvency proceedings for the chemical company Leuna Polyamid GmbH have officially opened. The company announced that the previous administrator, Lucas Flöther, was appointed as the insolvency administrator. The company has been in self-administration in insolvency proceedings since June 20th. The gradual shutdown of the facilities began in September.

“The last quantities of product will leave the plant in the first days of October.” The employees would then begin securing, emptying and cleaning the systems. “This is monitored by the state administration office as the responsible authority for hazard prevention.”

A few weeks ago, Leuna Polyamid GmbH declared the search for a new investor for one of the largest production plants in the Leuna chemical park to have failed. Managing director Martin Naundorf had announced that production would have to be gradually reduced from the end of September. This will not only take several weeks, but will also require the majority of the more than 400 employees.

It was now said that the employees would initially continue to work at the site to shut down and secure the systems. “In the medium term, we will look for solutions for further employment together with the employment agency and many companies at the location and in the region.” Despite the difficult situation in the industry, there is still investment in the chemical industry and thus interest in well-trained specialists.