Woodworking machinery specialist Heinrich Kuper GmbH & Co. KG - a producer of machinery for the processing of veneers and solid woods as well as packaging machines - is back in business.
In August, Kuper filed for insolvency and is now undergoing a restructuring that according to Managing Director Jürgen Kürlemann has been approved thanks to a new line of credit, continued support from important business partners and the close cooperation of employees, management, creditors' committee and insolvency administration.
That means operations are back to normal and customers have assurances as far as orders, services and warranty claims are concerned.
Kürlemann has been quoted as saying the insolvency petition has been a very difficult decision, especially in view of the company’s long tradition in the industry.
He added the company is confident that a successful restructuring will be possible.
Founded in 1933, Kuper employs 250 people in in Rietberg and three other German branches and is considered a world market leader in the field of veneer processing machines for the furniture industry.
The company also trades in used and new equipment.