A greenfield operation based on unproven technology in Luxembourg.

A greenfield operation based on unproven technology in Luxembourg.

Situation

    • General management changes in mother company, cultural discrepancies, lack of marketing strategy and different quality expectations were source for unexpected cash drain.

The need

    • Organize bankruptcy with write offs or inject more cash and prepare recovery scenario’s for possible sale.

What we did

    • Prepare 3 year business plan, documenting changes, improvements and milestones. Restructuring 50M€ debt, set-up cost and working capital reduction plan, implementing ABC manufacturing cost accounting system and renegotiation Union agreements.

The impact

    • After two and half years, an adapted product range and customer base: Output from 14.000 MT/annum to 25.000 MT/annum

    • Sales from 53 Mio $ to 110 Mio $

    • Cash drain of 15 Mio $ to cash flow of 17 Mio $

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rendez-vous?

  • Bruxelles

  • Av. Louise 367
    1050 Bruxelles

  • info@resolvus.be

  • Flandre

  • Maaltebruggekasteel, Kortrijksesteenweg 1023
    9000 Gent

  • info@resolvus.be

  • Wallonie

  • Rue Haigniaux 23
    5300 Namêche

  • info@resolvus.be

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