AHRENSBURG – Textile recycling specialist, Soex Group has begun insolvency proceedings under Germany’s self-administration laws.
Reports in Germany claim that Soex Processing Germany GmbH, Soex Recycling Germany GmbH and I:Collect GmbH are now in the preliminary stages of self-administration proceedings with around 460 employees at the company’s Ahrensburg and Bitterfeld-Wolfen sites potentially affected.
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