14.03.2012

Denka Lift files for bankruptcy

Danish trailer manufacturer Denka Lift – the company bought by four investors from Skako a year ago - has filed for bankruptcy.

The company says that “efforts made to ensure the continuation of Denka’s activities have turned out to be unsuccessful”.

The production of Denka trailer lifts was relaunched in Holbæk, Denmark last autumn 2011 with the first lifts being delivered in December. Unfortunately it has now become evident that Denka does not have the necessary cash flow to continue operations.

Tom Weidner, chairman of the board of directors said: “During the past weeks, it has become evident that Denka has lacked the necessary capital. Moreover, since 1st January, Denka has only been able to distribute a limited number of lifts to its customers because of the failure to obtain CE approval under the European machinery directive. The consequences have been detrimental to the company's liquidity.”

“It is an unfortunate situation for investors, suppliers and the dedicated employees who have made a tremendous effort for Denka,” he added.

Once the district court of Holbæk has issued a bankruptcy order, a trustee will be appointed to manage the assets and investigate the possibility of the company continuing or selling part or all of it.

The purchase of spare parts will still be possible all enquiries should be made to +45 59 45 55 00.
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