
The Ministry of Industry continues to support the manufacturer of railway wheels in the face of the failures of its owner Europlasma.
The French state has granted an emergency loan of 1.5 million euros to Valdunes, the last French manufacturer of railway wheels, to ensure the payment of salaries and suppliers, in the face of the financial shortcomings of the Europlasma group.
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Europlasma took over Valdunes in March 2024 via the Lille commercial court. The Ministry of Industry has already injected 3.5 million euros in three months.
The state continues to keep Valdunes afloat. Bercy confirms to Le Figaro that it released an additional 1.5 million euros last week in the form of a loan. This allows the last French manufacturer of railway wheels to pay its suppliers, deliver to its customers and pay the September salaries of its 200 employees.
It has been three months since the Ministry of Industry intervened for a total of 3.5 million, replacing Europlasma, the defaulting owner of Valdunes. More than two years after taking over, in March 2024, the northern manufacturer at the helm of the Lille commercial court, Europlasma, a specialist in the recovery of hazardous waste and a series of buyers of companies in difficulty, has not kept its commitments. SĂ©bastien Martin, the Minister of Industry, said it loud and clear last July: âno investment was made by Europlasma, while the offer submitted for validation by the commercial court provided that 30 millionâŠ
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