SiC Processing Files For Insolvency In Norwegian Court

Posted by SI Staff on December 11, 2012 No Comments
Categories : New & Noteworthy

The management board of SiC Processing AS, the Norwegian subsidiary of SiC Processing GmbH in Norway, plans to petition for insolvency at the district court in Porsgrunn, Norway.

SiC Processing, a provider of slurry recovery services, says its only customer – REC Wafer Norway AS – filed for insolvency in the summer. Consequently, SiC Processing has started a solvent ‘winding-up procedure’ with the consent of its major creditors. Selected creditors have now decided to not maintain their consent, which is required for a solvent winding-up.

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