Overview

• The Amtsgericht Halle (Saale) formally opened insolvency proceedings on July 3 covering all four legal entities of the Bohai Trimet group.
• Operations at the Harzgerode and Sömmerda plants have returned to full capacity after an earlier suspension.
• Bohai Trimet is again self-funding wages for its roughly 580 employees in Harzgerode and 98 staff in Sömmerda.
• Insolvency administrator Olaf Spiekermann said collaboration with major European automakers will sustain production in the coming months.
• Initial discussions with potential investors have begun as part of a longer-term effort to restructure and stabilize the company.