The court began consideration of the bankruptcy of Nizhny Novgorod “Factory Auto Russia Bankruptcy Factory Auto
MOSCOW – The application of the POLYPLASTIC Research and Production Enterprise to declare Zavod Avtokomponent LLC bankrupt is accepted for consideration, the press service of the Scientific-Production Enterprise reported.
Earlier it was reported that on May 21, the Arbitration Court of Nizhny Novgorod accepted a claim for the introduction of bankruptcy proceedings against OOO TZK Avtokomponent. The guarantee of the fulfillment of obligations under the supply agreement between NPP POLYPLASTIK and LLC TZK Avtokomponent was LLC Plant Avtokomponent. Russia Bankruptcy Factory Auto
Due to the fact that the obligations to pay for the goods were not met either by the main debtor (OOO TZK Avtokomponent) or by the guarantor (OOO Zavod Avtokomponent) NPP POLYPLASTIK also applied to the court for insolvency (bankruptcy) LLC Plant Automotive Component. ”
The court hearing to verify the validity of the application is scheduled for July 1.
In September 2017, NPP POLYPLASTIC completely stopped shipments to its largest consumer, OOO TZK Avtokomponent. The company reported that at such an extreme measure it was forced to go long overdue debts of the plant “Avtokomponent”, which at that time amounted to about 90 million rubles.Russia Bankruptcy Factory Auto
The company notes that attempts to settle the issue of debt settlement through negotiations were not successful, and the payment agreements reached earlier were not fulfilled. At the moment, the amount of outstanding debt is more than 100 million rubles.Russia Bankruptcy Factory Auto
NPP “POLYPLASTIC” specializes in the production of thermoplastic composite materials and polymeric raw materials for processing by the method of injection molding, injection molding and extrusion. The company is the largest supplier of composite materials and polymer raw materials in Moscow and other cities of Russia, annually increasing its production volume by 10-12%. It has more than 35% of the Russian market of composite polymer materials for engineering and technical purposes.
The application of the POLYPLASTIC Research and Production Enterprise to declare Zavod Avtokomponent LLC bankrupt is accepted for consideration, the press service of the Scientific-Production Enterprise reported.
Earlier it was reported that on May 21, the Arbitration Court of Nizhny Novgorod accepted a claim for the introduction of bankruptcy proceedings against OOO TZK Avtokomponent. The guarantee of the fulfillment of obligations under the supply agreement between NPP POLYPLASTIK and LLC TZK Avtokomponent was LLC Plant Avtokomponent.
India will hold bilateral meetings with Russia and China on the sidelines of the Shanghai Cooperation Organisation (SCO) summit at Bishkek this week, the Ministry of External Affairs stated during a press briefing on Monday.
The bilaterals will take place when Prime Minister Narendra Modi is in the Kyrgyz capital of Bishkek to attend the meeting of Council of Heads of State (CHS) of SCO from June 13 to 14.
The MEA also revealed that India would be holding a meeting with host nation Kyrgyzstan on June 14.
The company will celebrate its 100 years of technological revolution at ITMA 2019, which takes place from 20-26 June in Barcelona, showcasing its latest seamless circular knitting machines, together with sock knitting machines, large diameter fabric knitting machines, and process finishing technology.
Zinc catalyst links two polymerisation reactions to grow block copolymer
UK researchers have developed a new system that combines two polymerisation reactions to produce a block copolymer whilst recycling waste carbon dioxide from one reaction into the other, all using a single catalyst.
Aliphatic polyesters and polycarbonates are gaining attention as possible substitutes for petroleum-derived plastics. Biological and chemical transformations can produce their monomers from biomass, and it’s possible to combine these monomers to give diverse polymers with versatile physical characteristics. Thermoplastics Petrochemicals PET Recycling
It’s clear that the world has a packaging problem. Plastic pollution, one of the most visible challenges of our time, is too big for any government, company or community to solve on their own.
However, we believe it is one we can conquer if we work together and each take responsibility for our part in the chain.
While food and beverage packaging is an important part of our modern lives, like many companies that make products we all love, The Coca-Cola Company recognises that our packaging has contributed to this global challenge.
Because our business relies on bottles and cans, we share a responsibility to help ensure that the world has a more sustainable packaging system in place.
Teijin Frontier, the Teijin Group’s fibres and products converting company, has developed a new cotton-like high-performance polyester material for athleisure fashion.
The new material has been developed to combine the look and texture of cotton with superior properties for moisture absorption, quick drying and UV protection.
Notably, the cotton-like features are achieved with polyester filament yarn, not a staple fibre. What’s more, Teijin Frontier’s new material is eco-friendly because it is made with recycled raw materials.
Slowing demand has also contributed to a slump into negative territory in refining profits for Asian naphtha, an important feedstock for the petroleum industry, to levels not seen in over a decade.
Singapore: Oil prices rose on Monday after Saudi Arabia said producer club OPEC and Russia should restrict supplies to current levels, while Washington’s withdrawal of a tariff threat against Mexico removed a cloud over the global economy. However, traders said concerns about the health of the global economy and the impact on fuel demand were still weighing on oil market sentiment.
Front-month Brent crude futures were at $63.61 at 0645 GMT, 32 cents, or 0.5%, above Friday’s close. US West Texas Intermediate (WTI) crude futures were at $54.32 per barrel, 33 cents, or 0.6%.
The report aims to offer readers with ample competitive advantage and cues on market entry barriers, based on which aspiring market entrants as well as established players can drive profitable investment discretion.
To aid readers’ understanding the report is systematically classified into detailed chapters.
In its trailing sections the report also includes a detailed chapter on segmental analysis of polyamide in e-mobility market to offer veritable insights on segments’ historical and future growth estimations.
Further in the course of the report readers are also enlightened about regional assessment of pivotal factors.
The report also entails a country-wise assessment and forecast estimations for polyamide in e-mobility market.
Currently, more than 272 million metric tons of plastic are produced each year around the globe, with one-quarter of that made up of PET.
To help to solve this big problem, IBM researchers have created a new technology called VolCat, a catalytic chemical process that can turn PET, a type of plastic commonly used in food packaging and polyester clothing, into a renewable resource.
The device has the ability to break down fabric made of a cotton and polyester blend. The machine will separate the two materials, spinning the natural cotton fibres into a ball, and breaking down the polyester into a powder.
With recycling being the buzz word for sustainability, many brands of footwear and garments are now beginning to use polyester yarns made out of recycled PET bottles.
With the plastic menace extending from Mount Everest, the world’s highest peak, all the way deep into the oceans, there has been a global effort to make an attempt to formulate the best ways to recycle and reuse plastics.
According to official data shared by companies that recycle and reuse plastics, though India’s per capita plastic consumption is growing steadily, it is heartening to learn that nearly 80 per cent of the polyethylene terephthalate (PET) bottles, commonly used to package mineral water or juice, are collected and recycled. India, in this case, has even beaten the world’s most advanced countries like the US or even the European countries.