A general view of TPI Composites’ wind turbine blade production facility in Izmir, Türkiye. (Photo via tpicomposites.com)
May 12, 2026 03:15 PM GMT+03:00
A Turkish court has declared bankruptcy for one of the two Izmir-based subsidiaries of U.S. wind turbine blade manufacturer TPI Composites, which came under scrutiny last year after more than 1,000 workers went on strike over mass layoffs, formally launching liquidation proceedings for the company’s operations in Türkiye.
Authorities also began procedures to manage TPI Kompozit Kanat Sanayi ve Ticaret A.S.’s assets and protect creditor claims as part of the liquidation process, according to the statement.