Two of Türkiye's Largest Manufacturers Have Gone Bankrupt - Sözcü Newspaper
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6 Articles
Two companies operating in the machinery and industrial sector in Türkiye have been declared bankrupt. The requests for concordat (debt restructuring) from MS Dorse, a trailer and machinery manufacturer in Konya, and Yücelen Vinç, a crane systems manufacturer in İzmir, were rejected by the courts.
Yücelen Vinç Makine, operating in İzmir Torbali, failed to overcome the economic bottleneck. The court has declared bankruptcy for the company. 13.10.2026, Sputnik Turkey
Yücelen Vinç Makine, a crane systems manufacturer based in Torbalı district of İzmir, has been declared bankrupt. The company's requests for a concordat (debt restructuring) were rejected by the court, and the liquidation process has been initiated. Creditors have been given one month to file applications.
Yücelen Vinç Makine, a company operating in Torbalı district of İzmir and producing crane systems with lifting capacities of up to 250 tons, has been declared bankrupt. The court, rejecting the company's applications for concordat (debt restructuring), ruled that the bankruptcy proceedings will commence on October 8, 2026. Following the decision, the liquidation process has been initiated, and creditors have been given one month to submit their …
The requests for concordat from two major companies, significant representatives of industry in Konya and Izmir, were rejected by the courts. Bankruptcy decisions were issued for the two giant companies, whose temporary measures were lifted.
Yücelen Vinç, a crane systems manufacturer in Izmir producing cranes up to 250 tons, had its request for a concordat (debt restructuring) rejected, and the company was declared bankrupt. The liquidation process has begun, and creditors have been given one month to apply. The first creditors' meeting will be held in January.
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