German tobacco equipment maker emkon Systemtechnik projektmanagement has filed for bankruptcy, according to a list of liquidation companies released by German news,
As an international operating manufacturer of packaging machinery in the tobacco, food and non food cosmetics, hygiene and pharmaceutical industries, emkon has faced difficulties in 2019. The impact of the covid-19 pandemic has led to a further decline in sales that the company can no longer make up for.
At present, the liquidator is restructuring the company. Emkon will continue to operate and about 100 employees will be paid at least until the end of July.
Restructuring experts are cautiously optimistic that bankruptcy proceedings will revive the company.