Metalfor, Another Machinery Company in Difficulty: Presented in Creditor Contest
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The sprayer manufacturer went to the Justice of Córdoba after months of economic difficulties. It accumulates almost $9.5 billion in rejected checks and ensures that it will continue to operate.
The plant of sprayers and other agricultural machines of Marcos Juárez said it seeks to "protect the continuity of the company" and "order its obligations within the framework provided by law."
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The company, a benchmark in the sector, had been trying for months to restructure its operation in the midst of a deep liquidity crisis
The firm of agricultural machinery, which in the last time went through difficulties, resorted to this appeal before the Cordobesa Justice. Metalfor, one of the most important companies of the Argentine agricultural machinery, requested the opening of its preventive contest of creditors. It pointed out that it made this decision to protect the continuity of the firm and order its obligations. The company, originally from Marcos Juárez, Cordoba, …
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