The oldest metallurgical enterprise in Germany and Europe went bankrupt

The oldest metallurgical enterprise in Germany and Europe went bankrupt

In Germany, the oldest metallurgical enterprise in Europe over 600 years old, the Eisenwerk Erla plant in Saxony, went bankrupt, reports the website. The reason is the consequences of the economic crisis caused by the coronavirus pandemic and rising energy prices.

The first mention of the Eisenwerk Erla factory appeared in the XIV century. Among the owners of the enterprise, both local feudal lords and manufacturers, as well as Indian investors who bought the plant in 2007, were noted.

The Eisenwerk Erla plant survived the devastating Thirty Years' War in Europe in the XVII century and even World War II. At present time, the owners of the enterprise are in no hurry to finally close it and are working on financial recovery.

Two more bankrupt enterprises in Germany with more than a century of history are the 150 years old breweries Memminger and Friedenfels in Bavaria. The sources of the problems are most likely the same as those of the Eisenwerk Erla plant.

More related articles

The head of Turkmenistan congratulated the President of Estonia on Independence Day
Turkmen judoists held training camp in Poland
Women and girls of Turkmenistan will receive cash gifts by March 8, tickets of “Turkmen Airlines” from Russia to Ashgabat will be sold at a single price for all citizens, 3 million tree seedlings will be planted in Turkmenistan in 2023
Altyn Asyr introduced free Oraza service for its subscribers, Nowruz holiday was celebrated in Turkmenistan, 1,82% of voters voted early in the elections to the Parliament of Turkmenistan and other news
The third volume of the book “Memory” was published in Turkmenistan
The Turkmen film become the most exotic movie of the debut film festival “One sixth” in Yekaterinburg