Dutch primary aluminium producer ZALCO filed for bankruptcy last week, shut its plant due to lack of funds on Friday and is now looking for a buyer to restart the plant, which had 500 employees, an official receiver told Reuters.
"The company filed for bankruptcy last Tuesday, and on Friday we decided to shut down the plant due to lack of funds; we couldn't pay the energy bills," Ernst Butterman, one of the two official receivers, told Reuters in a phone interview on Monday.
"We decided to have a controlled shutdown of the plant while looking for a buyer."
The receivers are now hoping to find a buyer for the plant, which is based in Vlissingen, the Netherlands. It had produced about 230,000 tonnes of aluminium extrusion billets and rolling slabs.
ZALCO is owned by Geneva-based private industrial group Klesch.
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