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Regions :: Western Europe :: Spain

Spain's Sniace group in pre-bankruptcy process

3:07 AM MDT | June 27, 2013 | Natasha Alperowicz

The board of directors of Sniace SA (Torrelavega, Spain) at a meeting held on Tuesday agreed to file a communication in the Corporate Court of Madrid relating to pre-bankruptcy of the following companies within the Sniace Group: Sniace SA, Viscocel SLU, and Celltech SLU, Sniace has announced. The group’s businesses include cellulose the viscose manufacture, biofuels and energy generation.   Earlier this month Sniace SA said that it had initiated a consultation period for the termination of 364 jobs due to economic, production and organizational...

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