webleads-tracker

Home  >  PHOTOVOLTAICS  > Q-Cells SE files for insolvency proceedings...
  >  PHOTOVOLTAICS
Apr 3rd, 2012
 
Q-Cells SE files for insolvency proceedings
 
The former world leader in crystalline silicon solar cell manufacturer has abandoned an attempt to refinance its debts.
Send to a friend

Q-Cells SE files today for insolvency. The company employs currently more than 2,000 workers.
Against the background of the final ruling of the Frankfurt Higher Regional Court in the Pfleiderer case on March 27, 2012, the company had come to the conclusion that no going concern prognosis is given anymore.

Following an intensive review of alternative concepts for the implementation of the financial restructuring, the Executive Board has reached the conclusion that a going concern of the company cannot be restored on a sufficiently secure legal basis. Therefore the filing for insolvency proceedings is legally necessary.

The Executive Board and the preliminary insolvency administrator will work together to secure the continuity of the company within the insolvency proceedings.

 

 
More PHOTOVOLTAICS news

Sep 17th
Sep 8th
Sep 4th
Aug 28th
Aug 24th
 
©2007 Yole Developpement All rights reserved                  Disclaimer | Legal notice | To advertise
Yole Développement: Le Quartz, 75 cours Emile Zola, 69100 Villeurbanne, France. TEL: (33) 472 83 01 80 FAX: (33) 472 83 01 83 E-Mail: info @yole.fr