SiC Processing GmbH
SiC Processing GmbH: Local court admits application for protective shield proceedings of SiC Processing GmbH
SiC Processing GmbH / Key word(s): Miscellaneous 20.12.2012 / 16:30 --------------------------------------------------------------------- Hirschau, December 20, 2012 - The local court in Amberg has, upon application by SiC Processing GmbH on December 18, 2012, ordered debtor-in-possession proceedings in accordance with section 270b of the German Insolvency Code (Insolvenzordnung). The Court followed the proposal of the Company and appointed Dr Hubert Ampferl, partner of Nuremberg-based law firm Dr Beck & Partner, as preliminary supervisor (Sachwalter). Dr Ampferl has extensive experience of financial restructurings. The subsidiaries of the Company will not be part of the proceedings. Register on our Website under http://www.sic-processing.com/index.php/Newsletter.html to receive the latest announcement of SiC Processing Group automatically About SiC Processing GmbH: SiC Processing GmbH is the leader for recycling of slurry from water sawing processes of PV and semiconductor industries. The SiC Processing group has established itself in a timeframe of only eleven years as global leader for the recycling of slurry. The production sites are located in Germany, China and the US. In Italy, SiC Processing runs a sales agency, while the site in Norway was shut down mid of 2012 following bankruptcy of the Norwegian customer. To date, the group employs 705 employees. Beside the majority shareholder Nordic Capital Fund VII, the founder family has a shareholding of 25 per cent in the Company. You can find more information at www.sic-processing.com. Press Contact: Markus Kreuzer Head of Marketing and Communications Telephone: 0049 (0) 9622 - 70 39 273 E-Mail: markus.kreuzer@sic-processing.de N.B. The text in English is a courtesy translation from German only. In the event of any discrepancies between the two, the German original text shall prevail. End of Corporate News --------------------------------------------------------------------- 20.12.2012 Dissemination of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------- 197637 20.12.2012
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