en.Wedoany.com Reported - The insolvency crisis at the DOMO Chemicals Caproleuna chemical plant in Leuna, Germany, has been resolved. Insolvency administrator Professor Lucas F. Flöther has transferred the plant's assets to a takeover company established by InfraLeuna and LEUNA-Harze. This transfer has secured the plant and 436 jobs. The relevant court has initiated insolvency proceedings for three German subsidiaries of DOMO Chemicals.

The plant's operations were officially transferred to the acquirer on April 1st. The acquiring company has taken over the Leuna site, real estate, and 436 out of approximately 500 employees. The insolvency administrator and the works council reached an agreement on layoffs and a social plan. Some employees left through voluntary resignation or contract expiration, while 39 others were dismissed for operational reasons. Other subsidiaries, such as DOMO Engineering Plastics GmbH, were not included in this takeover plan.

The plant has continued operations under the insolvency administrator since the end of December. Due to the inability to safely shut down equipment during winter, the state of Saxony-Anhalt had ordered emergency mode operation until the end of March. This created conditions for investor intervention. The acquirer is now fully funding the operations, and the state has canceled the planned alternative takeover as scheduled.

DOMO Caproleuna primarily produces organic base products such as caprolactam, phenol, and acetone, as well as polyamide 6 (nylon 6) engineering plastics. Polyamide 6 offers high strength, good toughness, and processability, making it suitable for manufacturing lightweight and durable components in industries such as automotive and electrical/electronics.

DOMO Engineering Plastics GmbH, located in Premnitz, Brandenburg, with approximately 70 employees, is still being operated by the insolvency administrator. The company produces additive-modified polyamide 6 compounds used to adjust material properties like strength and heat resistance. Three German subsidiaries of the DOMO Chemicals group filed for insolvency on December 25th after financing negotiations failed. The Leuna administrative function company will initiate closure procedures.

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