Overview
- Insolvency administrator Lucas Flöther said negotiations for a short‑term Massedarlehen failed, eliminating urgently needed interim funding.
- Operations at Leuna and Premnitz have been placed in emergency mode as production stops at three German subsidiaries.
- More than 500 employees and the relevant authorities were notified following the breakdown of financing talks.
- Other companies in the Domo group are reported unaffected, while regional suppliers to the plastics operations may face knock‑on effects.
- The development lands during sustained pressure on Germany’s chemical industry, with Chancellor Friedrich Merz citing deep concern and partial Dow plant closures planned in central Germany.