Film Maker AgfaPhoto Files for Bankruptcy

Hit by the shift to digital photography, AgfaPhoto GmbH, a maker of film and disposable cameras, filed for bankruptcy on Friday.

A court in the company's home town of Leverkusen, outside Cologne, opened bankruptcy proceedings that will determine whether the company survives. AgfaPhoto has 2,400 employees worldwide, 1,800 of them in Germany.

Source: AP


Posted: Fri - May 27, 2005 at 05:29 PM