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German manufacturer Kelheim Fibres Cease Operations

Kelheim Fibres GmbH announced that it would terminate all business operations by March 31, 2026, after failed restructuring efforts. Despite undergoing a self-administration process, a potential strategic…

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German manufacturer Kelheim Fibres Cease Operations
Kelheim Fibres GmbH announced that it would terminate all business operations by March 31, 2026, after failed restructuring efforts. Despite undergoing a self-administration process, a potential strategic investor withdrew at the last minute. The company cited a lack of economically viable order volumes and the loss of support from a key customer as the primary reasons for the shutdown.

The closure impacts approximately 400 employees, who were informed during a works meeting on January 26. To mitigate the blow, the management and Works Council have established a social plan and a transfer company to assist staff in finding new employment. Following a final 'run-out' production phase, the historic manufacturer will begin an orderly wind-down, marking a significant loss for the European textile and chemical industry.

Read more in their press release here
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