A long-standing steel tube manufacturer serving the furniture sector in Denmark, has entered bankruptcy proceedings despite previously reporting profitable results.
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Based in Otterup, the company, JM Rør, has supplied steel pipes to furniture manufacturers since 1978 and has been active as a subcontractor to the industry for nearly five decades.
According to co-owner Thomas Andersen, the collapse was not caused by the Danish core operation itself, but by issues linked to a Polish subsidiary in which JM Rør held a majority stake.
The case highlights how profitable domestic operations can still be…