Overview
- The company began a preventive restructuring process in June 2026 after declaring a total concursal liability of $34,187 million and saying it stopped meeting payments on December 18, 2025.
- Fundición San Cayetano reports an exposure of about $22,355 million in financial claims to banks and lists 185 bounced checks that exceed $1,000 million in value.
- In its court filing the firm blamed the crisis on cheaper imports, price pressure from Chinese suppliers, a revalued peso and lending rates reported near 80–90% that eroded slim export margins.
- The company says it has industrial assets worth $68,482 million in plant and machinery and claims current orders can keep the factory running at full capacity for at least eight months without new sales.
- The restructuring affects 260 workers and creditors including Banco Nación, Banco Provincia, Metrogas, Edesur and several foreign suppliers, and the judge set creditor verification and reporting deadlines through early 2027.