Roplasto Fensterprofile: Filing for insolvency

Roplasto Fensterprofile, one of the smaller German PVC window profile and sheet producers, has filed for insolvency in Cologne on 12 January. Approximately 70 employees at the company headquarters plant in Bergisch Gladbach (pictured) now face an uncertain future, with 30 of them having already been required to leave the company on 16 January. Roplasto has been trying to compensate a flat building construction market in Germany market through a network of 15 European subsidiaries, purchase in May 2005 of the extrusion business of Plastmo in Central and Eastern Europe, establishing PVC profile extrusion in both Wroclaw, Poland and Moscow, Russia. The local branch of the IG BCE mining, chemical and energy industries trade union said that both IG BCE and the works council “had been surprised” when the threatened insolvency was announced by the management in mid January. IG BCE said it had agreed to 64 redundancies in 2004 in order to ensure continuation of the Bergisch Gladbach facility, accusing Roplasto of having invested in Eastern Europe while neglecting the Bergisch Gladbach site. It claims further that although the insolvency administrator, Hans-Gerd H. Jauch of the Goerg legal firm, is already having discussions with a possible British investor, the investor does not intend to keep the Bergisch Gladbach operation.

Leave a Reply

You must be logged in to post a comment.