Wednesday, August 24, 2016

Neuwied Technology Institute Tifko insolvent – SWR News

The majority state-owned company Tifko in Neuwied has filed for bankruptcy. This has a spokeswoman for the Ministry of Economic Affairs confirmed the SWR. Previously, the “Rhein-Zeitung” had reported difficulties in the Institute of Technology. In Tifko to companies and researchers in the fields of ceramic, metal and plastic should join together – with the aim to design products for the economy. The country held 70 percent of the shares, city and district Neuwied ten. But the interest of the economy fell short of expectations. The Ministry of Economy announced that the country has sponsored the Institute since its founding seven years ago with 2.3 million euros, of which 560,000 are from the EU have been.


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