The plant in Anderlues was founded in 1903 as a family business. It got into difficulties due to the heavily loss-making production of coke (due to competition from China) and the increase in the price of coal, the raw material for coke.
Market value
The market value was barely 50,000 euros. The last quotation was 85 cents on October 18, 2002, without a new lender no rescue was possible and the 113 employees received their collective dismissal on October 23.