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Markets :: Basic Chemicals :: Inorganic Chemicals :: Chlor-alkali

Chlor-Alkali Firm Files for Insolvency

9:48 AM MDT | October 27, 2008 | Chemical Week Editorial Staff

Chlor-alkali and derivatives company LII Europe (Frankfurt) has filed for insolvency at a Frankfurt court. “We are very optimistic that it will be possible to continue operations of the company within the framework of well-ordered insolvency proceedings and to keep on almost all of our employees,” says LII managing director Erhard Leistner. The company’s production site at Frankfurt continues to operate, he says. LII, founded in 1998, consists of the chlor-alkali business of the former Hoechst. “LII Europe has not been able to compensate...

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