Feldmuehle has implemented all necessary steps to maintain business operations during the preliminary proceedings.
On 1st August, the insolvency proceedings under self-administration commenced as planned. As in the preliminary self-administration proceedings, the management will continue to be responsible for all operational processes, including financial management, under the supervision of the court-appointed administrator Andreas Romey.
In recent weeks, management has reached reliable agreements with stakeholders, including energy suppliers, insurance companies, suppliers of raw and auxiliary materials, and service providers. Just-in-time delivery is running smoothly, enabling the company to continue to fulfil customer orders on time and with the usual high quality.
