on Manz AG (isin : DE000A0JQ5U3)
Manz AG Initiates Insolvency Proceedings Amid Market Struggles
Manz AG announced its decision to file for insolvency proceedings, addressing difficult market conditions through extensive restructuring. This process aims to reorganize the company's financial and organizational structures, offering Manz a path to stability and growth. Current business operations are set to continue, with ongoing talks with investors and the planned sale of its battery cell production equipment business.
The European battery cell market faced significant challenges in 2024, impacting Manz's revenue expectations. Investments were postponed or cancelled by major manufacturers, affecting Manz's technological investments. As part of its restructuring, Manz plans to focus on core competencies in industrial automation, electronics, semiconductors, and contract manufacturing.
Manz's management remains committed to transparent communication and responsible treatment of its employees. They are optimistic about finding strategic partners to secure the company's future growth.
R. E.
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