Break and re-build - Shunde Kautex successfully completed the reorganization-Krupp Machinery

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Break and re-build - Shunde Kautex successfully completed the reorganization

Times：2024-10-17

In view of the recent concerns and confusion expressed by many esteemed customers and trustworthy partners regarding the restructuring process of Kautex Maschinenbau Technologie (Foshan) Co., Ltd. and the business adjustments resulting from the change of new company's business entity and name, Krupp Machinery (Guangdong) Co., Ltd. hereby solemnly provides the following explanations to dispel doubts and ensure transparency of information and smooth communication among all parties.

Krupp Machinery (Guangdong) Co., Ltd. was established through the bankruptcy reorganization plan of Kautex Maschinenbau Technologie (Foshan) Co., Ltd. (hereinafter referred to as "Shunde Kautex"). The company undertakes the assets and rights of Shunde Kautex, including technical patents, intellectual property rights, technical drawings and data, processing and manufacturing technology and all workshop equipment, storage parts and other tangible and intangible assets, and accepts all employees who are willing to stay and develop together with the company.

Since then, Shunde Kautex has resumed production with a new look - Krupp Machinery (Guangdong) Co., LTD., and launched business for the world. Krupp Machinery is still in the original site of Shunde Kautex. With nearly 30 years of history, as well as mature products, the company continues to provide high-quality services for customers. For the blow molding machine product line, in addition to continuing to maintain all the original star products, Krupp Machinery will continue to increase research and development efforts to maintain the leading position of the enterprise in the extrusion blow molding industry. At present, Krupp Machinery has resumed normal production, and a few interested companies are in contact.

Krupp Machinery will take a new look to build a world-class machinery manufacturing enterprise as the strategic goal, with local employees to deeply cultivate the market, deeply rooted in the service of global customers as the corporate vision and continue to build global competitiveness. At the same time, the company is actively establishing the German R & D center of Krupp Machinery to further enhance the research and development of scientific and technological strength. There is no shortcut, no fork, "technology" is the barrier that the pursuer cannot step, but also the leading source of power of Krupp machinery.

Krupp Machinery will keep being innovative and open-minded, and sincerely hope that all customers and partners work together with us to create a better future!

Development timeline:

November 1994
Jointly established by Krupp Maschinentechnik GmbH, Chen Hsong Group, and other companies. Adhering to the rigor and quality of German manufacturing, it has been deeply cultivating in the field of blow molding machinery in China for nearly 30 years and has become a leading enterprise in the blow molding industry.

August 2023
Kautex Maschinenbau Gmbh announced bankruptcy protection procedures due to poor management

December 2023
Kautex Maschinenbau Gmbh was acquired, but Shunde Kautex was not included in the deal

January 2024
Shunde Court ruled to accept the bankruptcy liquidation case of Shunde Kautex in accordance with the law

April 2024
The creditors' meeting approved the "Pre-Reorganization Plan Draft of Kautex Maschinenbau Technologie (Foshan) Co., Ltd.". With the full support of employees, suppliers and customers, Suzhou Tongda Machinery Co., Ltd. became the final restructuring investor for Shunde Kautex with an absolute majority of votes.

May 9, 2024
Krupp Machinery (Guangdong) Co., Ltd. was established to undertake all restructuring assets and interests of Shunde Kautex.