SiC Processing Files For Insolvency In Norwegian Court

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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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