ROBUST PLASTICS
Austrian packaging manufacturer applies for insolvency
Production at the Mattighofen site includes packaging for the automotive and mineral oil industries (Photo: Robust Plastics)
Robust Plastics (Vienna / Austria; www.robust-plastics.com) filed an application with the commercial court of Vienna on 11 September 2020 to initiate restructuring proceedings under self-administration. The company, which produces packaging by injection moulding and hollow-body extrusion and has its own toolmaking department, had suffered “severely reduced sales” during to the coronavirus crisis. 88 employees are affected at company headquarters in Vienna and the production site in Mattighofen, also in Austria, said creditor protection association KSV1870 (www.ksv.at).

According to the information provided, assets of around EUR 2.9m are offset by liabilities of EUR 16.8m. Creditors are being offered a repayment rate of 30% within two years.
21.09.2020 Plasteurope.com [245939-0]
Published on 21.09.2020
Robust Plastics: Verpackungshersteller beantragt InsolvenzGerman version of this article...

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Date of print: 21.10.2020 23:10:47   (Ref: 10255378)
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