Trans-Periclean Industries: Difference between revisions
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The company is well-known for its long line of developed {{wp|Polymer|polymers}} and the creation of the infamous {{wp|Freon|FFLA}} {{wp|Halocarbon|halocarbon}} for the {{wp|refrigerant}} industry. | The company is well-known for its long line of developed {{wp|Polymer|polymers}} and the creation of the infamous {{wp|Freon|FFLA}} {{wp|Halocarbon|halocarbon}} for the {{wp|refrigerant}} industry. | ||
The [[Goldwater family]] started the chemical company in 1902 as scientists were discovering new forms of chemical bodies and sought to commercialize these new finds into a profitable enterprise. By the 1930s, the company was selling over 200 products in five countries. The [[Autocracy regime#Aftermath|post-Autocracy]] years of the early 1950s were a boon for scientific research and the discovery and experimentation with new chemicals, leading to increased profits that | The [[Goldwater family]] started the chemical company in 1902 as scientists were discovering new forms of chemical bodies and sought to commercialize these new finds into a profitable enterprise. By the 1930s, the company was selling over 200 products in five countries. The [[Autocracy regime#Aftermath|post-Autocracy]] years of the early 1950s were a boon for scientific research and the discovery and experimentation with new chemicals, leading to increased profits that had Trans-Periclean develop new polymers and other compounds for use in the {{wp|Pharmaceutical industry|pharmaceutical}} and {{wp|Heavy industry|heavy steel industries}}. | ||
The company had some pitfalls in the 1960s and 1970s, and nearly went bankrupt in the [[Association_of_Oil_Producing_Nations#Origin|early 1970s recession]]. In 1982, the company underwent a {{wp|leveraged buyout}} by the [[Roth Group]], which retained the {{wp|limited liability company}} structure of Trans-Periclean as a subsidiary. | The company had some pitfalls in the 1960s and 1970s, and nearly went bankrupt in the [[Association_of_Oil_Producing_Nations#Origin|early 1970s recession]]. In 1982, the company underwent a {{wp|leveraged buyout}} by the [[Roth Group]], which retained the {{wp|limited liability company}} structure of Trans-Periclean as a subsidiary. | ||
Revision as of 17:31, 15 March 2020
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| Private Limited Company (LLC) | |
| Industry | Chemicals, plastics, bio-sciences, bio-technologies |
| Founded | November 8, 1902 (as Goldwater Chemicals) |
| Founder | Yosef Goldwater |
| Headquarters | Modiin, Eastern District, Yisrael |
Area served | Worldwide (mostly Scipia and Belisaria) |
Key people | David Goldwater (CEO) Zayn Darvish (President) Zander van Voort (Chairman of the Board) Jacob Lebowitz (General Counsel) |
| Revenue | $10.9 billion shekels (c. 2020) |
Number of employees | 16,439 (c. 2020) |
Trans-Periclean Industries (commonly referred to alternatively as TPI or Trans-Periclean) is an Yisraeli chemical company with major production operations worldwide, but chiefly focused on the Periclean Sea basin, including Northern Scipia, Belisaria, and western Ochran, from which the company gets its name.
It is headquartered in Modiin, Eastern District, Yisrael, and is the 4th largest chemical and plastics manufacturer and seller in Yisrael, 3rd largest in Scipia, and in the top 15 globally. TPI manufactures plastics, chemicals, and agricultural products. The company has sometimes been called the "chemical companies' chemical company" in that most of its sales are to other industries rather than end-users.
The company is well-known for its long line of developed polymers and the creation of the infamous FFLA halocarbon for the refrigerant industry.
The Goldwater family started the chemical company in 1902 as scientists were discovering new forms of chemical bodies and sought to commercialize these new finds into a profitable enterprise. By the 1930s, the company was selling over 200 products in five countries. The post-Autocracy years of the early 1950s were a boon for scientific research and the discovery and experimentation with new chemicals, leading to increased profits that had Trans-Periclean develop new polymers and other compounds for use in the pharmaceutical and heavy steel industries.
The company had some pitfalls in the 1960s and 1970s, and nearly went bankrupt in the early 1970s recession. In 1982, the company underwent a leveraged buyout by the Roth Group, which retained the limited liability company structure of Trans-Periclean as a subsidiary.
Since the 1980s, TPI has been Roth Group's leading seller and manufacturer of chemicals and plastics, and among its most profitable subsidiaries within the Roth conglomerate.
Operations
Products and Services
Controversies and Public Image
Roth Subsidiary
Trans-Periclean has faced criticism once it joined the Roth corporate empire of increasing the Roths' control over Yisraeli and international markets by anti-business populists and even competitors within the chemical industry.
TPI is one of Roth's most profitable subsidiaries, and a faction of shareholders have tried to oust the Goldwater-controlled board of directors to force Roth to spinoff the company to capture more of the profits as shareholder dividends instead of lining Roth's coffers. However, these efforts have been to no avail as Trans-Periclean's leadership has consistently structured the corporate governance to defeat hostile takeovers.
After the latest attempt in 2013, led by shareholder activist Carl Wolfowitz, CEO David Goldwater installed in-law and TPI director Zander van Voort as the new Chairman of the board to more effectively fend off corporate takeover efforts.