15 February 2011 16:53 [Source: ICIS news]
TORONTO (ICIS)--German fine chemicals firm WP Mannheim continues operating despite filing for insolvency, a spokesman said on Tuesday.
Matthias Braun, spokesman for insolvency administrator Tobias Hoefer, said WP filed for insolvency last week after a former ?xml:namespace>
In a separate statement, Hoefer said a number of parties had already shown interest in taking over WP.
In the meantime, WP’s order books were full, the company continued operating normally, and wages and salaries for its staff of 90 were secure until at least the end of April, Hoefer said.
WP Mannheim was renamed last year. It was previously known as WeylChem.
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