AH Industries secures loan to survive huge deficit
The Danish Vestas sub-supplier is squeezed following a huge deficit. The company's owners are still confidence they can turn the business around, but they have needed to loan DKK 173 million (EUR 23.2 million) to stay afloat.
The wind turbine sector is squeezed these days, and AH Industries is no exception – nor has it been for a long time. The company, a sub-supplier of steel components for wind turbines, had to once again in 2017 write-down its goodwill and has exited the fiscal year with a deficit so large that it had taken on loans in order to survive, reports Danish business daily Børsen.
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