PVC film manufacturer now history / Dutch plant to be dissolved following bankruptcy
On 11 July 2019, Draka Polymer Films (Enkhuizen / The Netherlands; www.drakapolymerfilms.com) entered bankruptcy proceedings. Hilco Industrial (Amsterdam / The Netherlands; www.hilcoind.com) acquired the company’s assets on 26 July, including machinery and equipment, raw materials and intellectual property rights. The site, which has been calendering PVC for office supply films since 1965, will now be dissolved by the specialist for the disposal of industrial assets.

Draka was in the news in autumn 2018 when Renolit (Worms / Germany; www.renolit.com) announced the takeover of the company, which was already then in difficulties – see Plasteurope.com of 19.09.2018. However, the planned deal did not go through, having been called off by Renolit in January 2019, as Plasteurope.com has now learned. The reason given at that time was that the review process by the competition authorities would take too long. As a result, Renolit’s original plans for renovating the plant no longer applied. This latest development shows that the German was evidently right.
16.08.2019 Plasteurope.com [243177-0]
Published on 16.08.2019
Draka Polymer Film: Werk für PVC-Büromittelfolien wird aufgelöstGerman version of this article...

© 2001-2019 Plasteurope.com  |  Imprint  |  Privacy

Plasteurope.com is a business information platform for the European plastics industry. It is part of KI Kunststoff Information and PIE Plastics Information Europe, one of the leading content providers for the European plastics industry. We offer daily updated business news and reports, in-depth market analysis, polymer prices and other services for the international plastics industry, including a suppliers guide, career opportunities, a trade name directory and videos.

News | Polymer Prices | Material Databases | Plastics Exchange | Suppliers Guide | Jobs | Trade Names | Videos | Associations & Institutions | Register | Advertising

PIE – Plastics Information Europe | KI – Kunststoff Information | KunststoffWeb | Plastics Material Exchange | Polyglobe | K-Profi
© 2001-2019 by Plasteurope.com, Bad Homburg
Date of print: 23.09.2019 10:54:49   (Ref: 20528849)
Text and images are subject to copyright and other laws for protection of intellectual property.
Any duplication or distribution in any media as a whole or in parts requires prior written approval by Plasteurope. URL: http://www.plasteurope.com/news/detail.asp