HydroDyn Recycling: Restructuring Proceedings Applied For

HydroDyn Recycling GmbH, based in Hamburg, Germany, and a company of the Next Generation Group, has applied for the initiation of restructuring proceedings. According to a press release, the aim is an orderly restructuring process with the intention of sustainably continuing business operations.

The decision is attributed to an overall challenging market environment, the need to adapt to changing economic conditions, and legacy issues that arose in the course of the company’s strategic realignment. Against this backdrop, the proceedings are intended to help stabilize the company’s economic structures and create a viable foundation for future development.

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The Next Generation Group and its shareholders emphasize that they continue to seek the continuation of HydroDyn Recycling GmbH. According to the Group, the company’s technological capabilities, as well as its role as a strategic complement to the Group’s overall portfolio, are still considered relevant.

According to Josef Hochreiter, CEO of the Next Generation Group, the initiation of the restructuring proceedings is a necessary step to realign the company structurally. Collaboration within the Group offers the opportunity to develop integrated solutions in the field of post-consumer recycling and to cover the entire lifecycle of plastics—from product design to recycling. Particular emphasis is placed on the existing technology, the expertise of the employees, and the strategic importance of HydroDyn Recycling GmbH within the corporate group.

More information: www.hydrodyn.de, www.ngr-world.com

HydroDyn Recycling GmbH, Hamburg, Germany + Next Generation Holding GmbH, Feldkirchen/Donau, Austria