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2 clusters · 7 sources · 4 days · First seen · Last updated

German industrial closures due to energy costs

Overview

High energy costs and declining orders are driving the closure of long-standing German industrial companies.

The porcelain manufacturer Kahla, located in Thuringia, is set to cease operations after 182 years. Following a failed insolvency process and unsuccessful negotiations with potential strategic investors—including a rejected takeover attempt by a Turkish producer—the company expects to end production by late 2026. The collapse is attributed to exceptionally high energy costs and a significant drop in orders from the hospitality sector.

In a similar development, the Walzengießerei foundry in Coswig has announced it will end its 134-year tradition at the end of November. The company reported annual energy costs of approximately six million euros, and attempts to restructure through insolvency administration have failed.

Entities

Kahla Porzellan · Rolf Rombach · Germany · Leuchtenburg Porcelain Foundation · Walzengießerei Coswig

Timeline

  1. [BUSINESS] 2 sources
    Germany industrial closures: Coswig foundry and Kahla Porzellan to shut down

    Soaring energy costs are driving the closure of historic German companies, including Walzengießerei Coswig and Kahla Porzellan, threatening long-standing industrial traditions and jobs.

  2. [BUSINESS] 5 sources
    Kahla porcelain manufacturer to close after 182 years

    German porcelain manufacturer Kahla is closing after 182 years in Thuringia. High energy costs and falling orders led to failed insolvency negotiations, leaving 98 employees without jobs.

Sources

berliner-zeitung.de · biznis.ba · biznis.kurir.rs · de.rt.com · finanse.wp.pl · wattsupwiththat.com · www4.mdr.de