The Associated Press reports:
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.
AgfaPhoto did not give reasons for its bankruptcy filing. In a statement, workers' representatives described it as "a development that is both surprising and painful."
I recall the bright red/black/white packaging of Agfa film on my trips to Europe. Interesting how the major film manufacturers chose contrasting colors from each other:
Afga (Europe) - red
Kodak (USA) - yellow
Fuji (Japan) - green
Konica (Japan) - blue
Ilford (Britain) - white