Fuhrlaender of Germany Files for Insolvency on Wind-Farm Delays
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Fuhrlaender AG, a German maker of wind turbines, filed for insolvency at a Rhineland court, citing delayed projects and postponed payments from customers.
Fuhrlaender, which filed papers at Montabaur’s district court, had cut 70 staff and started a restructuring this year to focus on its “core” units, the company said in a statement today. It will take “all necessary steps” to keep operating and has already reached agreements with major partners, it said.