Brief: Boryszew Units Plan To File Motions For Insolvency

Boryszew SA

22/04/2024 06:33

April 22 (Reuters) - Boryszew SA  BORY.WA :
    * SAID ON FRIDAY THAT ITS INDIRECT SUBSIDIARIES BORYSZEW
OBERFLACHENTECHNIK DEUTSCHLAND AND BORYSZEW FORMENBAU
DEUTSCHLAND PLAN TO FILE MOTIONS FOR INSOLVENCY
    * DECISION INFLUENCED BY DETERIORATING SITUATION IN
OBTAINING NEW
ORDERS FROM MAJOR CUSTOMERS AS WELL AS THE LOWER-THAN-EXPECTED
PERFORMANCE OF CURRENT CONTRACTS
    * ADDITIONAL FACTOR NEGATIVELY AFFECTING THE SITUATION OF
UNITS IS
HIGH FIXED COSTS OF SALARIES, ENERGY AND RAW MATERIALS

        
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