Insolvency proceedings to be lifted in September

The foundry in Enkenbach-Alsenborn has found a new investor after an insolvency in self-administration and can continue. The Heger Group had run into financial difficulties in September 2022. The high material and energy costs as well as the slump in orders had plunged the company into crisis.

Now the Hermann Bettels Group from Hildesheim, which is active in various sectors such as environment, infrastructure, concrete, logistics and energy production, has acquired shares in Heger Ferrit. This means that the Heger Group will continue to hold a stake in the company and also manage the business. The management is optimistic that the market for wind energy will recover next year and that the new co-partner will bring valuable experience and contacts to the partnership.

Through insolvency in self-administration, Heger Ferrit was able to maintain business operations and draw up an insolvency plan, which is now being implemented. Of the original 130 jobs in the foundry, 100 were saved. The insolvency proceedings are to be terminated in September 2023 at the latest.

Source: Tagesschau