WorldCargo
CONTAINER INDUSTRY NEWS
news
Belgian tank container manufacturer
Van Hool recently delivered the
5,000th tank it has built for logistics
Box builders under the cosh
service provider Hoyer GmbH. Jos van
Hool (left) is seen handing the tank
The full extent of the downturn in the Yuan700M (US$102.4M) provision for tainer business, which is closely related
over to Thomas Hoyer, chairman of the
container manufacturing sector is revealed inventories. to world shipping and trade, will continue
Hoyer Supervisory Board at a in preliminary fourth quarter and full year During 2008, CIMC sold 1.56M TEU being affected negatively.”
ceremony in Hamburg last month. 2008 figures just released by China In- of containers, down 26% from the 2007 Meanwhile in a bid to strengthen its
Hoyer ordered its first equipment from
ternational Marine Containers (CIMC). figure. Standard dry freight container sales financial position by settling part of its
Van Hool in 1986, since when the
With the production of standard dry dropped 29.6% to 1.31M TEU, reefer sales bank loans to save interest, Singamas Con-
Belgian company has built over 50
different types of tank container, swap
freight containers halted from October dipped 5.27% to 133,100 TEU but sales tainer Holdings, the world’s second larg-
tank and road tanker for Hoyer for the
2008 due to slow demand in the wake of of specials rose 12.24% to 102,700 TEU. est box builder, has announced that it plans
carriage of chemical and food products.
the global financial crisis, the world’s larg- “Looking forward to 2009, it is still to issue not less than 1,405,825,520 rights
Van Hool has also supplied Hoyer with
est box builder posted a fourth quarter loss hard to say that the economic shock shares at the subscription price of
special equipment for the silo business
of Yuan295M (US$43M), compared with brought about by the global financial crisis HK$0.35 per share on the basis of two
and customised gas tank containers, as a net profit of Yuan1.24B (US$181.4M) in will end,” CIMC said in its 2008 earn- rights shares for every one existing share
well as aluminium and lightweight steel the same quarter of 2007. ings report filed with the Shenzhen Stock in the company.
chassis, equipped with tipping
For the full year, CIMC reported a Exchange. “Along with the recession of Singamas said the proceeds from the
mechanisms and pump units to suit
56% drop in net profit compared to 2007 many global economies and the proposed rights issue are estimated to be
Hoyer’s needs
to Yuan1.41B (US$206.2M), noting a slowdown in China, our company’s con- approximately HK$492M (US$63.5). The
subscription price represents a discount
of 53.9% on the closing price of HK$0.76
per share quoted on the Hong Kong
Stock Exchange on 26 February 2009.
Conforce
teams up
with Bayer
Toronto-based Conforce International, the
manufacturer of the innovative Eko-Flor
composite container floor, and Bayer
MaterialScience, one of the world’s lead-
ing polymer companies, have signed a de-
finitive agreement establishing a strategic
partnership between the two companies.
The aim of the partnership is to en-
able Conforce and Bayer to leverage their
respective strengths as they work towards
the commercialisation of Eko-Flor. The
partnership will provide Conforce with
key support in the areas of advanced de-
sign and material analysis, efficient pro-
duction practices, technical know-how
and expertise and a global material sup-
ply chain consistent with the projected
requirements of Eko-Flor.
Eko-Flor is manufactured using
Baydur PUL 2500, a two component
polyurethane system from BaySystems,
the umbrella brand for the global poly-
urethane operations of Bayer Material-
Science. “We see Eko-Flor as one of our
key growth projects and are committed
to bringing Conforce our technology,
expertise and global BaySystems network
in order to make the commercialisation
of EKO-FLOR a success,” said Jerry
MacCleary, Bayer MaterialScience senior
vice president, North America market-
ing and business development.
Conforce developed Eko-Flor cs-4 as
a cost-effective and environmentally-re-
sponsible alternative to tropical hardwood
and other wood-based flooring. Recent
product enhancements include a signifi-
cant reduction in weight resulting in a
weight advantage of approximately 18%
over plywood floors. The product also
features an innovative surface shield de-
veloped jointly by Conforce and Bayer.
Conforce expects that final product
evaluations by key customers, resulting from
oceangoing trials, will be completed dur-
ing the third quarter of this year. Upon
successful completion of the trials, the com-
pany anticipates fulfilling orders for ship-
ments in 2009/10 from a production fa-
cility in Canada. From the second quarter
of 2010, Eko-Flor cs-4 will be manufac-
tured at a new state-of-the-art Conforce
facility to be established in China.
The partnership will also provide sup-
port for Eko-Flor ms-1, a composite
panel system designed specifically for use
in rapid deployment special application
US military containers. Conforce re-
cently commenced production of ms-1
after receiving its first order from US-
based specialised container manufacturer
Sea Box Inc (see WorldCargo News Feb-
ruary 2009, p22).
“This partnership with Bayer better
positions us to execute on a global scale.
We are confident that by combining the
vast resources of Bayer with our Eko-
Flor innovation, we will be able to rede-
fine the future of the container indus-
try,” said Conforce president and CEO
Marino Kulas.
18 March 2009
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