Pannonplast-Solvay: Joint venture ends manufacturing

Pannon Aldra, the Hungarian PVC films joint venture of Pannonplast, Budapest, and Alkor Draka, a Solvay subsidiary, have announced plans to end manufacturing of calendered flexible PVC films before the end of 2002 to concentrate on trading activities. Some 130 jobs will be lost. The company has been “severely hit” by the contraction of the European markets and the crisis in the German building industry in particular. Despite considerable investment in modernisation and restructuring, it has failed to break even.

Leave a Reply

You must be logged in to post a comment.