Recylex begins clemency talks with Weser Metall debtors after lead production disappoints

European lead producer Recylex has opened talks with the debtors of its Weser Metall division after leveraged investments at the smelter there failed to result in expected production gains.

“The group anticipates that its German perimeter will not be able to reach its financial targets at December 31, 2018,” the company said on Wednesday December 5. Weser-Metall GmBH, a wholly-owned German division of Paris-headquartered Recylex, is expected to record a loss of €10.1 million ($11.49 million) this year, more than the forecast...


Archie Hunter

December 07, 2018

12:06 GMT