Overview
- Polyamid GmbH submitted an insolvency in Eigenverwaltung application to the local Amtsgericht on Wednesday, reopening formal restructuring for the Leuna site.
- Company statements attribute the move to raw‑material cost spikes reported at roughly 40 to 100 percent and to key suppliers demanding prepayments that created an untenable liquidity gap.
- About 480 plant employees now face renewed job uncertainty as management begins the court‑supervised process.
- Management says it will keep production running during self‑administration and is actively seeking an investor to provide fresh capital and secure the plant's future.
- The plant had been taken over in April by a rescue company that bought Domo Caproleuna’s assets, and the renewed insolvency raises risks for the wider Leuna chemicals cluster and local supply chains.