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German wind and solar project developer Sowitec files for insolvency

German wind and solar project developer Sowitec has filed for insolvency after expected customer payments from South America failed to arrive on schedule. The proceedings affect the group’s holding…

Duro Felguera announces court approval of its restructuring plan

Spanish engineering group Duro Felguera has secured court approval for its restructuring plan, marking a significant milestone in its efforts to restore financial stability. The Commercial Court in Gijón…

Himolla looks to restructure through protective insolvency process

German furniture manufacturer Himolla Polstermöbel GmbH has entered ‘protective shield proceedings’, a court-supervised restructuring process designed to allow the company to reorganise while continuing…

Appliances maker Electrolux to close Hungarian factory

Swedish appliance manufacturer Electrolux has announced it will close its factory in Jászberény, Hungary, by the end of 2026, with around 600 jobs affected. The site produces built-in and freestanding…