Amfuel to cease local operations by December 31 - Newschannel 6 Now | Wichita Falls, TX

Amfuel to cease local operations by December 31

Amfuel files for Chapter 11 Bankruptcy Amfuel files for Chapter 11 Bankruptcy
WICHITA FALLS, Tx (RNN Texoma) -

Newschannel 6 has learned Amfuel will cease operations in Wichita Falls by December 31. 

Tuesday, Amfuel President and CEO Len Annaloro said the 20 employees were told local operations would end by the end of the year. But all employees have been offered positions at the Amfuel facility in Magnolia, Arkansas. 

Just last week it was announced American Fuel Cell and Coated Fabrics, also known as Amfuel, filed for Chapter 11 Bankruptcy.

Annaloro sent this statement to Newschannel 6 following the bankruptcy announcement, "The main reason why we filed was to relieve Amfuel from prior inherited debt. This will place us in a better financial position for our future growth."

Tuesday, Annaloro said the company has been advised it would take a $4 million investment to get the Wichita Falls operation up to speed and that is something he said they cannot afford at this time. 

Copyright 2017 RNN Texoma All Rights Reserved
 

  • News HeadlinesNewsMore>>

  • Teen tries to rob 7-Eleven with broken bottle

    Teen tries to rob 7-Eleven with broken bottle

    Friday, April 20 2018 6:59 AM EDT2018-04-20 10:59:02 GMT
    (Source: Wichita County Sheriff's Office)(Source: Wichita County Sheriff's Office)
    (Source: Wichita County Sheriff's Office)(Source: Wichita County Sheriff's Office)

    A Wichita Falls teen is behind bars for trying to rob a local convenience store.

    A Wichita Falls teen is behind bars for trying to rob a local convenience store.

  • In Comey memos, Trump fixates on 'hookers,' frets over Flynn

    In Comey memos, Trump fixates on 'hookers,' frets over Flynn

    Thursday, April 19 2018 4:32 PM EDT2018-04-19 20:32:51 GMT
    Friday, April 20 2018 1:06 AM EDT2018-04-20 05:06:36 GMT
    (AP Photo/Frank Franklin II). Former FBI director James Comey poses for photographs at a Barnes & Noble book store before speaking Wednesday, April 18, 2018, in New York.(AP Photo/Frank Franklin II). Former FBI director James Comey poses for photographs at a Barnes & Noble book store before speaking Wednesday, April 18, 2018, in New York.

    The Justice Department has agreed to provide Congress with copies of several memos written by former FBI Director James Comey, relenting as House Republicans threatened to subpoena the documents and criticized...

    The Justice Department has agreed to provide Congress with copies of several memos written by former FBI Director James Comey, relenting as House Republicans threatened to subpoena the documents and criticized department officials.

  • Waffle House is now serving beer, sort of

    Waffle House is now serving beer, sort of

    Thursday, April 19 2018 4:57 PM EDT2018-04-19 20:57:53 GMT
    Friday, April 20 2018 12:39 AM EDT2018-04-20 04:39:56 GMT
    The participating Waffle House is the nation's first location to sell beer.(Source: AP Photo/Ric Feld)The participating Waffle House is the nation's first location to sell beer.(Source: AP Photo/Ric Feld)

    The participating Waffle House is the nation's first location to sell beer.(Source: AP Photo/Ric Feld)

    The participating Waffle House is the nation's first location to sell beer.(Source: AP Photo/Ric Feld)

Powered by Frankly