Frankfurt-based, world leading speciality alumina producer, Almatis GmbH, has responded to speculation and press reports that it is negotiating a debt restructure of the company.
Talking to IM, a spokesperson for Almatis said: “We have spoken to our lenders about debt restructuring, but this is in the discussion stages only.”
Almatis began discussions over a possible debt restructuring of the company at the end of the first quarter this year. The company’s sales have been affected by reduced demand in the steel sector, where calcined alumina is commonly used in refractories...