The local court in Amberg has appointed Attorney Christopher Seagon as the administrator of silicon wafer slurry specialist, SiC Processing.
The company said late last year that it had been granted “self administration” and sought to restructure operations.
“We will look at the economic situation of SiC Processing accurately and then come up with possible redevelopment options,” said Seagon. Discussions with both employees and creditors was said to be ongoing while the liquidator continues to gather as much information on the company accounts as possible.
No concrete plans for SiC Processing have yet to be revealed after its financial position started to unravel after key European customer REC closed its wafer operations in Norway in 2012.