(AOF) – Metabolic Explorer (Metex) announces that the Paris Commercial Court has today granted its request to open a safeguard procedure as well as the request to open a protection procedure. receivership for the benefit of Metex Noovista, its operational subsidiary operating an industrial site in Carling. The specialist in industrial fermentation enabling the manufacture of ingredients of natural origin specifies that the deadline for submitting offers for its subsidiary has been set for April 30, 2024 at noon.
Metex lost half of its value after its request for safeguard procedure published on March 12.
AOF – LEARN MORE
Learn more about the chemicals sector
Nothing is going well for German chemistry
German chemicals, very dependent on Russian gas, are in difficulty. Following sluggish sales in the automotive sector and falling demand in construction, production is down 8.5% in 2022, with overall turnover down 1.6% to 63.1 Billions of Euro’s. Specialty chemistry is doing better. On the other hand, the rate of utilization of production capacities in basic chemicals has slowed significantly to reach less than 80%. The third German industrial sector is tempted by relocation to the United States, where energy costs are much lower. With the Inflation Reduction Act, the United States has established an environment appropriate to current challenges.