The die-cast GmbH & Co. KG has failure for the locations in Berlin-Reinickendorf and Brieselang (Havel country) applied for. The casting plant in Poland is not affected by the insolvency. At the foundry facilities in Berlin and employs 56 200 staff in long letters. The manufacturer of die casting parts for the automotive industry mainly produces motor and transmission parts for Audi and VW. Reason for the insolvency are liquidity problems that have been the slump in sales of the automotive industry in 2009 caused up to 30 percent, despite a guarantee from the government about EUR 2 million could not be resolved. Aluminum die casting could not use interest rate and repayment for the loans closed longer.
The operations of the foundry is to be initially carried on. The provisional liquidator of the offices in Berlin and Brieselang lawyer Christian Graf Brockdorff from Potsdam was used. As managing director for the rehabilitation phase of Dresdner experienced lawyer Andrew Seidl was used. Seidl has the renovation of the AE Group with seven locations have experience in the industry.
© diecast News
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