Following the petition filed by Durobor on 24 June 2011, the President of the Trade Court of Mons, on 12 July 2011, officially granted Durobor the benefit of a 'procedure of judicial reorganization' for a period of six months, renewable if needed for maximum six months. This will allow Durobor to pursue and finalize discussions already engaged with investors in a view to give the company a stronger financial surface and achieve the necessary new investments, essentially a new generation 100 tons furnace to replace the existing 2 x 60 tons furnaces. Although the company has been demonstrating, in a difficult international economic environment, its ability to increase its sales by 8% in the first six months of 2011 versus same period in 2010, it is still behind the very ambitious budget originally planned for this year and the financial results are therefore under strain. Above measures will allow Durobor to strengthen its creativity and efficiency in a changing world.
