Lepidico the latest victim of lithium glut

Manufacturing News

Lithium chemicals manufacturer Lepidico Limited has become the latest victim of the worldwide glut in lithium supply, with KordaMentha appointed as administrators. The board of directors of Lepidico appointed Richard Tucker and Paul Pracilio of KordaMentha as Voluntary Administrators of Lepidico Limited, Lepidico Holdings Pty Ltd, Bright Minz Pty Ltd, Li-Technology Pty Ltd, Mica Exploration…

K-Tig back in business, escapes administration

Manufacturing News

Rapid welding equipment manufacturer K-Tig is back in business having escaped administration through a downsizing and refinancing operation. Administrators KordaMentha announced that creditors had approved a rescue package that will result in the company returning to normal operations recapitalised, and with a smaller cost base. Under a Deed of Company Arrangement, K-Tig management has been…