Heubach GmbH filed an application today for the opening of regular insolvency proceedings over its assets with the competent insolvency court in Braunschweig.
The combined business will operate under the Heubach name, creating a global pigments leader generating more than €900 million ($1.09 billion) in annual sales.
At this year's CHINACOAT 2009 Conference—Automotive Finishes: Focusing on the Key Aspects of Durability & Ecology—which was held on Nov. 16-17, Heubach's Dr. Lutz Frischmann, head of business unit Inorganic Colored Pigments, presented the