The worst has yet to come

[zephyrous]

Sadly Trencin SK (former Tos Trens), announced this week they went bunkrupt.
Trencin was the last major manufacturer of high quality machine tool castings in Europe.That involved FEM analysis, foundry production and precision machining of the parts.Last decades they also involved heavily in assembling lathes, milling machines and machining centers for their reputable costumers.By that I mean VDF, Weiler(probably Kunzmann), DMG Mori, and many others...and of course they also were the biggest seller of manual lathes in Europe.
Let's see how this will affect the market both in availability and pricing...

 

[thanvg]

Sadly Trencin SK (former Tos Trens), announced this week they went bunkrupt.
Trencin was the last major manufacturer of high quality machine tool castings in Europe.That involved FEM analysis, foundry production and precision machining of the parts.Last decades they also involved heavily in assembling lathes, milling machines and machining centers for their reputable costumers.By that I mean VDF, Weiler(probably Kunzmann), DMG Mori, and many others...and of course they also were the biggest seller of manual lathes in Europe.
Let's see how this will affect the market both in availability and pricing...

View attachment 423649

sad...

 

[ncjeeper]

I imagine that won't be good for the machine market going forward.

 

[DeadMahoDude]

Sad, because TOS was one of the few, that were still making real cast iron machinery, not epoxy granite junk like what new Hermle or DMG are....

 

[RC Mech]

The buying power is all about pricing rather than quality.

Having run everything TOS from grinders to drills, they made a very nice machine. I’d have bought a TOS CNC if they were made.

 

[standardparts]

Company profile and history | TRENS SK, a.s.

Company profile and history TRENS SK is a major global manufacturer and provider of advanced and high-precision machine tool solutions.

www.trens.sk

 

[usolutions]

The buying power is all about pricing rather than quality.

Having run everything TOS from grinders to drills, they made a very nice machine. I’d have bought a TOS CNC if they were made.

They were

 

[sfriedberg]

In the US, bankruptcy is often used to restructure a company or shed unsustainable debts. It does not always mean "terminate the company". Are those other options available in EU or Slovak Republic bankruptcy law, or is this guaranteed to be the end?

 

[standardparts]

Don't know how many actual machine tool brand names are involved, of if the names have value, if so then some company in India or maybe China can place the nameplate on what they are already producing.

 

[zephyrous]

In the US, bankruptcy is often used to restructure a company or shed unsustainable debts. It does not always mean "terminate the company". Are those other options available in EU or Slovak Republic bankruptcy law, or is this guaranteed to be the end?

I suspect this is the probably the goal of this action.There are many procedures that may follow such as appointment of bankruptcy trustee supervising, appropriate restructuring of corporate structures, imposing sacrifices on creditors and preserving jobs. The "cleaning arsenal" may also include the transfer of the business as a whole to a new entity or its leasing. Other options may be nationalisation of the company or finally liquidation of assets and closure...too early to know...

Most important reason behind this thread is the disruption of the manufacturing process in many european toolmakers and the chain reaction that will cause, as these procedures will take months to complete, Trencin -if alive- will not be producing at full strength and everybody would be suspicious having orders or whatever economic relations with them.

 

[majohnson]

How many customers will just revert to going off offshore for it raw castings.