Albstadt – World leading circular knitting machine builder Mayer & Cie filed for insolvency at the local court of Hechingen in Germany. Dr Wolfgang Bilgery has been appointed as its insolvency administrator. However, the company is believed to be under restructuring and the partners are believed to have injected fresh capital into the business. The company has said that it is confident it will restructure successfully and business will continue as normal.
MORE
No comments:
Post a Comment