A Phoenix Rises: Krupp Machinery's Remarkable Revival
Times：2025-02-05
As spring approaches, golden sunlight bathes the workshops of Krupp Machinery (Guangdong) Co., Ltd., where a story of resilience unfolds. Recently, Judge Wang Xiaona of Foshan Shunde District People's Court led journalists through this reborn high-tech enterprise.
From Crisis to Renewal
Following court-approved restructuring, Judge Wang and her team actively supported the company, addressing legal challenges and operational needs. Inside the facility, state-of-the-art production lines hum with precision, operated by workers whose focus reflects renewed hope.
Triumph at Nanjing Plastics Exhibition 2024
"We won the 'Outstanding Contribution Award' at the China International Plastics Exhibition in Nanjing!" shared HR Manager Jia, gripping Judge Wang’s hand. Yet memories of near-collapse linger: after its parent company’s bankruptcy, Krupp faced 40 million RMB in supplier debts and paralyzed production.
Innovative Restructuring
In January 2024, Shunde Court intervened. Recognizing Krupp’s 30-year technical expertise, elite team, and global supply chain, Judge Wang pioneered a debt-isolating "Business Transfer" model, attracting bids from industry leaders. Challenges persisted as investors wavered, but through government-court collaboration, customized plans secured a 96.32% creditor vote for Suzhou Tongda Machinery as the restructuring partner.
Rebirth and Growth
Today, 108 employees retain jobs, 170+ suppliers continue partnerships, and production thrives. "Our product launch felt like stepping into a new era of smart manufacturing," beamed Manager Jia, as orders surge.
A Guardian’s Vision
Outside the factory, Judge Wang smiles at workers’ faces: "By valuing corporate revival and leveraging institutional synergy, Krupp’s future shines brighter than ever."
Source: People's Court Daily · Page 4
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