Componenta’s Swedish subsidiary files for bankruptcy
Componenta Corporation, Stock Exchange Release, Insider Information, on 25 September 2019 at 11.10 Sweden-based Componenta Främmestad AB has filed an application for bankruptcy with the local district court today, 25 September 2019. As told in the half-year financial report 2019, Componenta has sought to improve the profitability of its business operations in Sweden and reduce the amount of capital employed in them. As part of its measures aimed at improving profitability, the company has engaged in negotiations on the renewal of its customer contracts. However, the negotiations