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At the time it was one of Germany's biggest business failures,the insolvency of machine tool makers Babcock Borsig. The international company was 111 years old and made components for power stations among other things. In summer 2002,Babcock Borsig declared insolvency.But 7 years later,Babcock Borsig is a prime example of how bankruptcy does not have to mean the end. The liquidator,Helmut Schmitz,says that buyers have been found for many divisions of the business,and more than 18,000 of the around 23,000 jobs have been saved. One success story is Babcock's former energy division that was bought by Hitachi and now,with some 1,000 employees,is as strong as before the bankruptcy. MADE IN GERMANY reporter Marion Hütter toured the former company site with the liquidator.