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
The attractive long-term prospects for pultruded composites in infrastructure and further key application markets were highlighted at the recent World Pultrusion Conference, organised by the European Pultrusion Technology Association (EPTA).
Preliminary tests have demonstrated that the tensile strength of composite rebar can be increased by 32%, and bending strength by 29%, by introducing only 0.05 wt% of OCSiAl’s TUBALL nanotubes into the resin.
Norco Composites has completed the construction of three architecturally-challenging canopies, manufactured using a unique 'composite metal,' that are to be installed on the new One Blackfriars residential development in central London.