The Assets of The Insolvent Czech Plywood Are Being Offered for Sale in a Tender Process

The assets of the insolvent Czech plywood and blockboard producer Ploma are currently being offered for sale in a tender process which will run until 31 May 2013. According to Ivana Rychnovská, the administrator appointed by the competent court, it is possible to bid either for the whole plant – and therefore potentially resume production in Hodonin – or for the separate lines and components. The company’s creditors will announce the successful bidder(s) after 31 May. Rychnovská reports that there are already two parties interested in taking over the whole plant. The two potential buyers are from the timber industry and have both expressed interest in resuming plywood production. Talks are in progress with the two interested parties on the scope of the assets to be taken over.