Halle – September 09, 2026 -- The insolvent chemical producer Leuna Polyamid has failed to secure a binding investor offer for its large plant in Leuna, Saxony-Anhalt, putting roughly 400 jobs at risk of permanent loss.
No binding investor offer has been received, CEO confirms
"We have unfortunately not yet received a binding offer from an investor," managing director Martin Naundorf told the Mitteldeutsche Zeitung. The company had been searching for a buyer to keep the polyamide and fertilizer production site operational.
Production continues through September to fulfill existing customer orders
The plant will keep running until the end of September to complete outstanding customer contracts, according to Naundorf. After that, management plans to shut down the facility itself, a process expected to take 15 to 20 days.
Second insolvency hits site just months after Domo takeover
Leuna Polyamid was set up as a rescue company (Auffanggesellschaft) and took over the insolvent Domo plant on April 1. Two and a half months later, Leuna Polyamid itself filed for insolvency under self-administration, with Naundorf citing intense price pressure from Chinese competitors as the decisive factor behind the failed investor search.
Without a buyer, the site risks becoming an idle industrial facility, ending production of plastics and fertilizers that supplied regional customers.