Practical example
Restructuring of an automotive supplier in insolvency proceedings
At a critical stage of its insolvency proceedings, a well-known manufacturer of cast aluminum wheels faced the challenge of fundamentally restructuring its production processes. The goal was to increase efficiency and put the company back on a stable and competitive footing.
Background
The automotive supplier was facing significant inefficiencies in its production. Excess capacity, high operating and maintenance costs, inefficient material flows, and high scrap rates were weighing on the company, compounded by excess staffing levels amid declining sales figures.
Specific task
It was necessary to develop a comprehensive restructuring plan for the entire production division. The plan was intended to focus on optimizing the existing infrastructure, reducing scrap rates, and improving the efficiency of production processes.
KBC's Approach
A detailed restructuring plan was developed that focused on three key areas:
- Optimization and efficient use of existing infrastructure, machinery, and equipment.
- Reducing scrap rates through technical measures and strengthening quality processes.
- Improving efficiency in production processes through new approaches and optimized value streams.
