Adv
LANGUAGES
English
Hindi
Spanish
French
German
Chinese_Simplified
Chinese_Traditional
Japanese
Russian
Arabic
Portuguese
Bengali
Italian
Dutch
Greek
Korean
Turkish
Vietnamese
Hebrew
Polish
Ukrainian
Indonesian
Thai
Swedish
Romanian
Hungarian
Czech
Finnish
Danish
Filipino
Malay
Swahili
Tamil
Telugu
Gujarati
Marathi
Kannada
Malayalam
Punjabi
Urdu
30 MAY 2014 AL CIRCLE

Trimet takes over bankrupt Voerde Aluminium

1MINS READ
On May 28, Trimet Aluminium from Germany announced the purchase of Voerde Aluminium, the insolvent German aluminium producer.

Trimet assured it would continue operation at Voerde and retain the 280 current employees of the plant. The takeover discussion on Trimet was reported on Monday. However, the financial terms of the transaction were not disclosed by the company.

Voerde Aluminium, which had a capacity of 115,000 tonnes of aluminium annually, went insolvent in 2012 due to the high electricity prices in Germany.

According to Trimet owner and supervisory board chairman Heinz-Peter Schlueter, it was the German government's recent decision to offer financial relief to power-intensive industries to compensate for high energy prices which has given them the support to complete the takeover. Schlueter expected strong aluminium demand in Europe.

"With the Voerde location we will be able to serve the rising demand," he said.

After the declaration of insolvency, Voerde creditors had voted to continue production at the plant till 2014 end while the search for a buyer was on.

Trimet has an annual capacity of 640,000 tonnes of primary and cast aluminium and aluminium products.


Adv
Adv
Adv
Adv
Adv
Adv
Adv
1MINS READ

Responses

Adv
Adv
Adv
Loading...
Adv
Adv
Adv
Loading...
Reports VIEW ALL
Loading...
Loading...
Business Leads VIEW ON AL BIZ
Loading...
Adv
Adv
Would you like to be
featured with us?
Loading...

AL Circle: Aluminium Ecosystem App

A proud
ASI member
© 2026 AL Circle. All rights reserved. AL Circle is not responsible for content from external sources.