Banner
Falorni Tech Glass Melting Technology
Filtraglass

R-Glass Hungary offers company assets for sale for third time

The liquidators of bankrupt glass container manufacturer R-Glass Hungary have offered company assets for sale for a third time, following two unsuccessful attempts, according to liquidation Manager Mi…

The liquidators of bankrupt glass container manufacturer R-Glass Hungary have offered company assets for sale for a third time, following two unsuccessful attempts, according to liquidation Manager Mikls Balzs. The company, which is up for sale for just over HUF 1 billion, has now received serious interest from three bidders, which are expected to submit an offer by mid-August. Major assets of R-Glass Hungary include an 8-hectare plot in Salgtarjn, northern Hungary, where the glass plant“s 49 manufacturing units occupy 4 hectares. The plant has three self-sufficient water supplies and gas heated furnaces, which will enable to start on normal operations quickly once the company is sold. The current liquidation procedure of R-Glass started in 2009 when the company was still operational, with a staff of 277. The company has had a history of liquidations and is bogged down by HUF 1.5 billion debt to creditors.

Sign up for free to the glassOnline.com daily newsletter

Subscribe now to our daily newsletter for full coverage of everything you need to know about the world glass industry!

We don't send spam! Read our Privacy Policy for more information.

Share this article
Related news