Bankrupt Smulders fights back with foundation focus

Engineering company Smulders Group says it is fighting back, with its focus moving to offshore wind turbine foundations, after its Dutch holding company lurched into bankruptcy earlier this year.

The firm filed for Chapter 11-style protection in April for three of its key business units — Smulders Projects, Iemants and Willems Staalconstructies — while it attempts to sell off what it considers to be non-strategic parts of its business.

The Belgian-based businesses are under a form of administration known as WCO in Belgian law.

The move caused alarm in the offshore wind business, as Smulders is a key supplier of monopiles, jacket foundations and transition pieces.

But Dennis Thomsen, Smulders’ commercial director for…

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