Overview
- The Amtsgericht Aalen opened a preliminary insolvency in self-administration for Eurotech Guss on July 8 and named Henning Necker as Verfahrensbevollmächtigter and Florian Zistler as the preliminary trustee.
- Business at the Schwäbisch Gmünd foundry continues and roughly 80 employees remain on the payroll with wages secured for three months by German insolvency pay.
- Management remains in place to run day-to-day operations under external supervision while advisers and creditors start a formal investor and restructuring process.
- Company and advisers point to weak investment from key customers, rising costs and lower capacity use as the causes for the renewed distress after a 2021 insolvency and a 2023 sale to Callista Private Equity.
- The case sits against a sharp rise in German firm insolvencies in 2026 and the outcome of the investor search and restructuring will determine whether jobs and the site can be preserved longer term.