07 June 2002
07 June 2002
German plastics processor Peguform has filed an insolvency petition with the municipal court of Freiburg, Germany.
Reports say the company’s liquidity problems result from the business style of US parent Venture Industries, which acquired the automotive supplier from Klöckner in 1999. Peguform’s foreign subsidiaries are unaffected. Its seven German production sites have annual sales of EUR 900m and employ 5,500. The court has appointed Heidelberg attorney Jobst Wellensiek, who handled the Kömmerling insolvency, as receiver
Fibrelite reports that since the start of its partnership with Trenwa more than 100 precast trench systems integrating Fibrelite composite covers have been sold for use in electrical substations, wastewater treatment plants, chemical refineries and many other applications across North America.
University of Southern Queensland (USQ)’s composites research and development was on display when the Centre for Future Materials (CFM) held its inaugural Open Day.
Haydale has produced and delivered eight composite general transition piece (GTP) sealing systems to National Grid UK, and has received an expression of interest for a further 60 over the next six years.