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Valdunes placed in receivership: the descent into hell of the last French manufacturer of railway wheels

2023-11-20T16:35:37.060Z

Highlights: Valdunes placed in receivership: the descent into hell of the last French manufacturer of railway wheels. The receivership (RJ) allows the business to continue, with Valdunes cash ensuring its operation until the end of March 2024. This is thanks to orders placed in advance by RATP, SNCF and Alstom. The court will appoint a receiver and open a call for tenders, in order to select the one that is the most credible in terms of investments, revival of activity and preservation of jobs.


STORY - The French equipment manufacturer has been placed under the protection of the commercial court, for the second time since 2014. European leader in the specialty in 1998, it has been in decline for twenty-five years due to a lack of investment.


Another crucial step to save Valdunes. On Monday, the Commercial Court of Lille decided to place the very last French manufacturer of wheels, axles and axles for trains in receivership. This, a little less than six months after the decision of its owner, the Chinese MA Steel ($ 14 billion in turnover, 40,000 employees) to sell its activity based in Hauts-de-France, ten years after taking control.

The receivership (RJ) allows the business to continue, with Valdunes cash ensuring its operation until the end of March 2024. This is thanks to orders placed in advance by RATP, SNCF and Alstom. The court will appoint a receiver and open a call for tenders, in order to select the one that "is the most credible in terms of investments, revival of activity and preservation of jobs", says Roland Lescure, Minister Delegate for Industry in charge of the file...

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Source: lefigaro

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