The glassmaker Duralex, in monetary issue because the power disaster, requests its placement in receivership | EUROtoday

In issue because the power disaster of 2022, the French glassmaker Duralex “requested the opening of a judicial recovery procedure for its benefit with the Orléans commercial court”introduced the corporate New Duralex International (NDI), operator of the well-known model, on Tuesday April 16.

“The objective is to look for a buyer for NDI, thus aiming to find the best solution for the company”, which employs 230 individuals in its historic manufacturing unit in Chapelle-Saint-Mesmin (Loiret), informs the corporate. Before including that“an administrator and a legal representative should be appointed by the court to assist the company during the observation period which should open”.

Duralex had suffered the total brunt of the surge in gasoline costs following Russia's invasion of Ukraine in February 2022, and had been briefly saved by a state mortgage of 15 million euros, which had made it doable to reopen its glass furnace and restart its manufacturing after 5 months of closure.

“New difficulties emerged” final 12 months

However, in fiscal 12 months 2023, “new difficulties have emerged”attributable to inflation, a client atmosphere “in sharp decline” and to a “exacerbated competition”specifies the corporate, including that, “despite operational efforts and continued investments, the losses could not be stemmed.”

At the identical time, NDI says it has “faced with a decision from the Orléans administrative court concerning the rights to pollute of the former owner of Duralex”contemplating that she was “payable for the quotas owed by the former operator”. This judgment “delivered mid-March”in opposition to which the corporate has introduced its intention to attraction, “seriously compromises the financial health of NDI and its ability to maintain its activities in a sustainable manner”says the press launch.

“It’s always a bit sad”regretted to Agence France-Presse (AFP) the elected CGT, François Dufranne, who ensures that workers “didn’t expect it.”
“ Three weeks, a month ago, we were given a presentation telling us the objectives, the products we were going to develop, etc. Quite a speech and, a month later, we held an extraordinary CSE meeting to tell us that we were going to put the company into receivership”laments the commerce unionist once more, earlier than including: “Now we’re going to keep our fingers crossed that there will be a buyer. »

In Bercy, the Minister of Industry, Roland Lescure, who had come for the reopening of the ovens, declared that the State “would do everything possible to try to bring about recovery solutions”. “We are counting on local stakeholders to mobilize alongside us in this research”he reacted to AFP in a quick press launch.

Duralex, based in 1945, invented tempered glass and glasses used each in class canteens and by stylish eating places. The firm achieved an annual turnover of 29.4 million euros in 2022. Pyrex, an entity separate from Duralex operated collectively throughout the French Glass House, “continues its activities as usual”it’s specified within the press launch.