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Would it be safe to assume this level of volume indicates someone is converting some debt ?
It does look like the .0004's are gonna go
There sure has been a lot of buying interest this week
Oh Oh, someone has awakened the Kraken
Hi bUrRpPPP
Peru to recoup $300,000 from company
http://www.pharostribune.com/local/x1196470923/Peru-to-recoup-300-000-from-company
Conforce won't reopen factory in Peru, officials say
Carson Gerber Kokomo Tribune
PERU — A company that anticipated creating 175 jobs by the end of the year is leaving Peru after struggling for three years to get up and running and taking at least $200,000 of taxpayer money with it, according to Miami County officials.
Conforce USA, located near the intersection of U.S. 31 and U.S. 24, began operation in May 2011 and initially hired around 25 production workers. A year later, the company laid off all the employees, except management positions, after it decided to retool its production lines.
In August 2012, Conforce reopened one of its production lines and re-hired eight people, but again laid off all employees to retool its equipment a second time.
The company never rehired employees after that, and county officials say it appears the company is now permanently closing up shop.
Officials with Peru and the county had high hopes when the company first indicated it would invest more than $13 million to purchase and equip the 155,000-square-foot manufacturing facility that previously housed the Trelleborg automotive plant.
Conforce was to begin manufacturing a new product called EKO-FLOR, a composite flooring system that replaces traditional hardwood floors in semitrailers and other shipping containers.
“Everything looked like it was very promising,” said Jim Tidd, executive director of the Miami County Economic Development Authority. “They had a good product that there was a need for, and there was cash to get up and running. Everybody was hopeful, but our hopes got less and less as we saw what was happening … It looks like right now Conforce will never utilize that building,”
The city enticed the company to the area with a number of tax abatements and a $500,000 forgivable loan. Each year Conforce met certain hiring and investment requirements, the city would forgive $100,000 of the loan and reapprove the tax abatements.
But Conforce failed to meet those requirements within the first year. And now that the company is pulling out its investment, city officials say they want to get some of the loan money back.
Peru City Attorney Bill Berkshire said he’s drawing up an agreement with a Conforce attorney that would repay $50,000 of the loan immediately, and potentially another $250,000 in the future.
He said the city has put a lien on the company’s equipment inside the facility. If Conforce sells the equipment or begins to manufacture EKO-FLOR at another location, the city could then get back the $250,000.
“That’s about as good as we can expect to get,” Berkshire said. “ … But Conforce isn’t saying they will sell the equipment. If we end up getting $300,000, I’d be pretty stoked.”
With Conforce closing up, Tidd said the two biggest concerns are getting some of the loan money back and finding a new company to buy the facility.
“It’s a good building and it’s in a great location,” he said. “Now it’s a question of how we turn this into an opportunity to turn that building into another place for jobs.”
There is nothing there
Where has the management information gone, is there any
http://conforceinternational.com/sitemap.html
Bloomburg tv
This guy does reference plastics in his interview however the reference would seem to be related to the failed Maersk Recycled plastic attempt. But you decide
http://www.bloomberg.com/video/70057914-sterling-says-maersk-switch-to-bamboo-will-take-18-years.html
Hamburg Sud Group
http://www.hamburg-sued.com/group/en/corporatehome/qualityenvironment/containerlogistics/drycontainers/drycontainers.html
Following extensive series of trials – which aimed at high quality, sustainability and economic viabilityin equal measure – Hamburg Süd has decided in favour of bamboo as the alternative.Unlike wood, bamboo does not require reforestation. The reason is that the root system remains inthe ground when bamboo is harvested, and newstems grow back in just four years.In advance of this decision, we sought out suppliers of bamboo floors and inspected their productionsites. In the process we found that expertise in working with bamboo is widespread in China.
The production method is as follows: First, the bamboo stems are split and cut into thin strips. Then the workers bind the strips together to form mats and compress several layers into large sheets with the application of heat.
Our firm target for the use of bamboo is to have an average of at least 80 per cent of our container newbuildings delivered with bamboo floors by 2015, at the latest. We are confident of hitting this target because we surpassed the 50 per cent mark for the first time in 2012. In concrete figures this means that, of our newly ordered 51,000 TEU standard containers, 39,000 had bamboo floors.
COA flooring report
http://www.containerownersassociation.org/news/365-coa-report-reveals-increased-use-of-bamboo-for-container-floors.html
The volume of plastic and composite floors being installed in containers was expected to rise
last year - but it did not, and in 2013 the number will be effectively zero. There are (or were)
two players in this market – MCI and Conforce – and they took very different approaches.
MCI focused on using recycled plastic, as it is cheap and readily available, formed into
planks with strengthening longitudinal steel omega sections. Conforce, for their Eko-Flor,
use a special thermoset plastic supplied by Bayer, which is much stronger than recycled
plastic but more expensive. Orders have not been forthcoming because of the unwillingness
of buyers to pay a premium of between $140 and $250 per TEU for a composite floor.
"CMA CGM now uses bamboo floors for all new container orders."
http://www.cma-cgm.com/products-services/containers
http://www.mcicontainers.com/aboutus/mciworldwide/pages/maerskcomposites.aspx
Maersk Composites China Co. Ltd. (MCCC) was established in 2012 after several years of research and development aimed at combining wood fibres and recycled plastic waste in the production of dry container floors. MCCC is now under de-construction because, balancing profitability and sustainability, there is currently no market or commercial opportunities for such containers.
Conforce International lists new contact information
http://conforceinternational.com/contactus.html
Is this a post office box?
Former Conforce Factory for lease
Industrial for Lease: Conforce USA
http://officespace.oodle.com/detail/industrial-for-lease-conforce-usa/3578900512-peru-in/
Whats to become of the Bayer partnership?
The current due to expire in March 2014
MaterialScience below expectations
Bayer continues successful course in anniversary year
Dynamic development in the Life Science businesses, MaterialScience below expectations / Outstanding growth for recently launched pharmaceutical products - estimate of combined peak annual sales potential for the five products increased to at least EUR 7.5 billion / Group sales EUR 40,157 million (plus 1.0 percent; Fx & portfolio adj.: plus 5.1 percent) / EBIT advanced by 25.6 percent to EUR 4,934 million / EBITDA before special items up by 1.5 percent to EUR 8,401 million / Net income increased 32.7 percent to EUR 3,189 million / Core earnings per share up 5.8 percent to EUR 5.61 / Forecast for 2014: further growth in sales and earnings
Difficult market environment for Bayer MaterialScience
Sales in our high-tech polymer materials business (MaterialScience) receded by 2.2 percent to EUR 11,238 million (2012: EUR 11,491 million), matching the prior-year level (plus 0.4 percent) on a currency- and portfolio-adjusted basis. "MaterialScience faced considerable challenges in 2013, in what remained a difficult market environment. Both volumes and prices were virtually unchanged compared with the prior year," Dekkers remarked.
Business with foam raw materials (Polyurethanes) rose by 3.9 percent (Fx & portfolio adj.). Volume gains in Asia/Pacific and North America contributed to this increase. Selling prices as a whole were at the prior-year level. Sales of high-tech plastics (Polycarbonates) receded by 4.5 percent (Fx & portfolio adj.), mainly due to a drop in volumes in all regions on account of weaker demand. A further factor was the lower level of selling prices in Asia/Pacific caused by market overcapacities. Sales of raw materials for coatings, adhesives and specialties fell by 1.9 percent (Fx & portfolio adj.), largely as a result of lower selling prices in Asia/Pacific. Volumes as a whole were flat with the prior year.
EBITDA before special items of the subgroup dropped by 15.1 percent to EUR 1,072 million (2012: EUR 1,263 million), mainly due to higher raw material costs. "Despite the difficult market environment for MaterialScience in 2013, we are cautiously optimistic about the future," said Dekkers. The expected increase in capacity utilization in the industry in the coming years should relieve the pressure on prices
Yeah they sure fooled me
Bayer presentation, "Life Cycle Assessment of Composite Shipping Container Floors Compared to Conventional Wood Flooring," will be presented at Composites 2013 in Orlando, Fla., Jan. 29-31, 2013.
Composites for shipping container floors contribute to reduced energy use and smaller carbon footprint
Composite flooring incorporating Bayer's polyurethane is a light weight alternative to traditional materials
http://www.bayermaterialsciencenafta.com/news/index.cfm?mode=detail&id=6D9A272B-EAB9-983D-69041A8CCAB94215
MCI composite floor subsidiary to close
Maersk Container Industry (MCI) is to close its composite container flooring subsidiary in China just six months after it opened. The company blamed higher than anticipated costs and lower demand than expected.
However, according to MCI’s CEO, Peter Krøgh Nymand, the factory itself is not yet closing because MCI is investigating ways that part of the business may be sold off to continue to operate as part of another company....
http://www.worldcargonews.com/
There is no such thing here
Somebody certainly did
http://www.intermodal-events.com/Content/Welcome/1/
5:30 - 16:30
New World of Sustainable Commercial Container Flooring
Speaker(s):
Palle Knudsen, Technical Manager, ScandiWood A/S
Marino Kulas, President & CEO, Conforce International Inc
Intermodal Market Update in the Spotlight
Key Issues:
Testing alternatives
Competitive solutions
Outlook for the future
Anthony G Toldo, no longer member of board of directors
http://www.businesswire.com/news/home/20110511005367/en/Conforce-International-Appoints-Anthony-G.-Toldo-Board
http://secfilings.com/searchresultswide.aspx?link=2&filingid=8873775
well, the current trend would indicate .05 is about to happen
Post purchase research on a message board? What's your target
Spank that .11
Burp knows
http://finance.yahoo.com/news/conforce-international-announces-receipt-purchase-130000836.html
This might make you laugh
When one has nothing to say,it is wise to say nothing
It is the last letter in a series of letters between the company and the sec concerning questions about a previous filing.
Thanks, Sunarf
http://www.sec.gov/Archives/edgar/data/1445297/000000000011054633/filename1.pdf
http://www.sec.gov/Archives/edgar/data/1445297/000109690611002242/filename1.htm
http://www.sec.gov/Archives/edgar/data/1445297/000000000011061113/filename1.pdf
http://www.sec.gov/Archives/edgar/data/1445297/000109690611002473/filename1.htm
http://www.sec.gov/Archives/edgar/data/1445297/000000000011063809/filename1.pdf
http://www.sec.gov/Archives/edgar/data/1445297/000000000012020461/filename1.pdf
you could read something right now
http://www.sec.gov/Archives/edgar/data/1445297/000000000012020461/filename1.pdf
Are these new Eko-Flor trailers for sale?
http://www.truckertotrucker.com/listings/136563.cfm
http://www.truckandtrailer.ca/inventorylist.cfm?pageaction=viewitemdetails&intProductID=54589
Me too, I was able to delete the dead picture links, change the website address, and add a picture. I added the Investor Relations information but I couldn't really say how I did it though, Lots of mouse banging. Maybe a different browser like they suggest would help.
my status is pending
Alright this will be number 4
I have some pics of an Eco-Flor sample I could add to the intro message also
We should update the info message to reflect the new website. If you're like me you probably have it hidden but newbies might want to find it there.
There is only one subject I can consider relevant, sales. Sell something to someone.
I was going to submit myself for moderator of this board but that requires 4 recent ontopic posts to do so. I can't think of much to say right now.
There are other people as or better qualified as me to do so but I just thought it would look better if there was a mod for this board.
Disclosure, I do own shares