Vleugels goes all out to rescue Spolchemie

I’ve just interviewed Czech epoxy resins general manager, Francois Vleugels, about his strategy for rescuing this company which he took over later last year. Vleugels was forced to do a deal with lenders to stop the group going bankrupt. He has put in place a vigorous rescue plan, and has already regained the market share Spolchemie lost when it began to lose its financial viability. There is nothing more likely to scare customers away than the though of a supplier going bust. Vleugels showed them a convincing rescue plan and many have returned. With some innovative “green” feedstock technology he now hopes to boost his position in more specialty epoxies. 

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