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Hard Felguera has reached a according to the State Society of Industrial Participations (SEPI) For the financial restructuring of your debtwhich has encouraged the majority partner of the Asturian, the Mexican Mota-Engil Mexicoto provide more capital once the treatment is signed. This has indicated in statements to Europa Press the president of the Company Committee of Duro Felguera, Ángel Martínez, who has indicated that it gives them “tranquility” because it entails that he still trusts the Spanish company.

Martínez also pointed out that he was transferred to President of the Company, Eduardo Espinosaat the meeting held last Tuesday, June 10, which also confirmed the agreement with the public “hólding.

Specifically, the president of the Felguera Duro Company Committee explained that this agreement with the SEPI includes the Financial restructuring of the debt, the reduction of types and the elongation of deadlines. In addition, he stressed that the Committee has no information about it on whether the agreement with the SEPI will take place, which could be around 200 people. “It is a savage,” he said, explaining that, in the case of offices, it would be like cutting between 40 and 45%.

Regarding Indra’s offer to buy Asturiana the heavy Calderería factory in Gijón, known as “El Tallerón”, Martínez has indicated that they will take advantage of the meeting they are going to have with the company to ask what is true in the information cut information.

Duro Felguera advanced yesterday night he has presented before the courts of Gijón (Asturias) the request for extraordinary extension of the preocconduct of creditors to which he received at the end of last December, to extend the deadline, which expired this Thursday, June 12, until July 31.

The company and its hard subsidies Felguera Energy Storage, Duro Felguera Green Tech, Duro Felguera Calderería Heavy, DF Mompresa, DF Operations and Mounts, Duro Felguera Oil & Gas, Duro Felguera Intelligent Systems and Dfom Biomasa Huelva have agreed to present before the Commercial Court number 3 of Gijón, in charge of the preconciento of the company Extraordinary of the effects of negotiation opening communication until July 31, 2025, with support in article 607 of Royal Legislative Decree 1/2020, of May 5, which approves the consolidated text of the bankruptcy law (TRLC) “.

In this context, the Asturian has obtained the necessary compliance of the creditors that can be affected by the restructuring.

Long road

The company requested the preconcursion on December 11 before the courts of Gijón in order to initiate a negotiation for the approval of a restructuring plan, which allowed its future viability and conservation of the greatest number of possible jobs.

In these six months, the Board of Directors of Duro Felguera has held numerous meetings to deal with the latent crisis in the company, whose solutions have passed, among other issues, because the SEPI capitalizes the debt of the Asturian. Thus, the Government, through its public “holding”, would have to turn the 120 million euros that “lent” in the middle of the pandemic, which would give the majority of capital.

For their part, the control partners-the Mexican Prodi and Mota-Engil Mexico-and the SEPI, which has two seats in the Board of Directors of Hard Felguera, also discussed the possibility that the Asturian directly request the creditors contest directly.

However, the firm recorded net losses of 98.3 million euros in 2024, which represents a 36% increase compared to ‘red numbers’ of 72.2 million obtained a year earlier.