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Insolvency for salt slag recycler

Archiv – Suffering from high debts, aluminium salt slag recycler AGOR AG of Cologne in Germany has filed for bankruptcy. Furthermore, company Chairman Hans Joachim Wünsche has stepped down from his position.Germany | Suffering from high debts, aluminium salt slag recycler AGOR AG of Cologne in Germany has filed for bankruptcy. Furthermore, company Chairman Hans Joachim Wünsche has stepped down from his position.
According to a statement from AGOR AG, the company had required immediate extra funding to cover short-term costs. Ultimately, however, the necessary liquidity could not be obtained from the banks.
Some weeks ago, AGOR AG informed subsidiary ALSA Services Canada – as well as the latter’s daughter companies ALSA Aluminium Canada Inc. and Recyclage d’€™Aluminium Quebec Inc. – that it intended to sell them.

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