News Markets & Companies
Venator Duisburg files for insolvency – production to continue for now
The chemical company Venator, based in Duisburg, has filed for insolvency. Despite the financial difficulties, the approximately 350 employees are expected to continue working for the time being.
On 4 September, the Duisburg-based chemical plant Venator filed for insolvency. The reason given was the insolvency of the British parent company Venator UK, which left the German subsidiary without sufficient liquidity. The roughly 350 employees are due to be informed about the next steps in a staff meeting. According to the WDR, reported on the broadcaster’s website, provisional insolvency administrator Sarah Wolf stated that her aim was to stabilise operations and develop a viable solution for the future. The Krefeld-Uerdingen site had also previously filed for insolvency.
Reading tip: Titanium Dioxide
Causes and outlook
The Lower Rhine Chamber of Industry and Commerce pointed out that high energy and raw material costs have further worsened the situation. Venator had already shut down its titanium dioxide production in Duisburg in 2024, cutting around 290 jobs.
Nevertheless, works council chairman Uwe Sova sees potential for the site. As revenues will now remain in Duisburg, the plant could be more attractive to investors – particularly since it is the only Venator site currently operating profitably. Wages are secured for three months through insolvency benefits provided by the Federal Employment Agency.
