Synprosyn: Difference between revisions
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| income_year = <!-- Year of operating_income data (if known) --> | | income_year = <!-- Year of operating_income data (if known) --> | ||
| net_income = {{Increase}} | | net_income = {{Increase}} Ⲇ39.49 billion <small>(2023)</small></br>($51.28 billion) | ||
| net_income_year = <!-- or: | profit_year = --><!-- Year of net_income/profit data (if known) --> | | net_income_year = <!-- or: | profit_year = --><!-- Year of net_income/profit data (if known) --> | ||
| assets = {{Increase}} | | assets = {{Increase}} Ⲇ276.24 billion <small>(2023)</small></br>($358.75 billion) | ||
| assets_year = <!-- Year of assets data (if known) --> | | assets_year = <!-- Year of assets data (if known) --> | ||
| equity = | | equity = | ||
| equity_year = <!-- Year of equity data (if known) --> | | equity_year = <!-- Year of equity data (if known) --> | ||
| members = | | members = 223,300 <small>(2022)</small> | ||
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===Early history=== | ===Early history=== | ||
[[File:Still room 1935 Bakelite Review Silver Anniversary p12.tif|333px|thumb|right|Talarite distillation facility in Bu Akaš, c. 1935]] | [[File:Still room 1935 Bakelite Review Silver Anniversary p12.tif|333px|thumb|right|Talarite distillation facility in Bu Akaš, c. 1935]] | ||
Over the subsequent two decades, SynProSyn expanded from a satellite facility in Batana to its own facilities in Bu Akaš. By 1928, the syndicate had established commercial offices in Maktarim. Its membership also quickly expanded from 50 in 1915 to | Over the subsequent two decades, SynProSyn expanded from a satellite facility in Batana to its own facilities in Bu Akaš. By 1928, the syndicate had established commercial offices in Maktarim. Its membership also quickly expanded from 50 in 1915 to 6,000 in 1930. | ||
The immense market demand for synthetic plastics was a major factor in the syndicate's rapid rise, however, the membership was able to sustain its growth by working closely with educational institutions in Talahara and abroad, openly recruiting technicians and researchers from foreign universities. While early 20th-century Talaharan firms had a reputation for sluggish personnel growth due to the insular structure of unions and communes, SynProSyn set later trends for recruitment and has been credited with contributing to the public acceptance of détente with liberal republics and monarchies in the 1960s. | The immense market demand for synthetic plastics was a major factor in the syndicate's rapid rise, however, the membership was able to sustain its growth by working closely with educational institutions in Talahara and abroad, openly recruiting technicians and researchers from foreign universities. While early 20th-century Talaharan firms had a reputation for sluggish personnel growth due to the insular structure of unions and communes, SynProSyn set later trends for recruitment and has been credited with contributing to the public acceptance of détente with liberal republics and monarchies in the 1960s. | ||
Talarite, and later more refined plastics, continued to be the major production focus of the syndicate into the latter half of the 20th century. SynProSyn kept pace with other advances in synthetics at the time, including {{wp|polyester}}, {{wp|nylon}}, {{wp|PTFE}}, and {{wp|Aramid|aramid fibres}}. In 1955, SynProSyn absorbed the declining Union of Biochemists, expanding to produce some biochemicals, alkaline products, and other mineral-derived products. The absorption pushed the syndicate's membership in excess of | Talarite, and later more refined plastics, continued to be the major production focus of the syndicate into the latter half of the 20th century. SynProSyn kept pace with other advances in synthetics at the time, including {{wp|polyester}}, {{wp|nylon}}, {{wp|PTFE}}, and {{wp|Aramid|aramid fibres}}. In 1955, SynProSyn absorbed the declining Union of Biochemists, expanding to produce some biochemicals, alkaline products, and other mineral-derived products. The absorption pushed the syndicate's membership in excess of 50,000. | ||
===Later history=== | ===Later history=== | ||
Revision as of 23:57, 1 September 2023
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 | |
Native name | Mikamintuj Nada |
|---|---|
| Direct distributist syndicate | |
| Industry | Plastics, petrochemical refining, industrial waste recycling |
| Founded | January 7, 1910 in Batana, Talahara |
Area served | Global |
Key people |
|
 Ⲇ39.49 billion (2023)($51.28 billion) | |
| Total assets | Ⲇ276.24 billion (2023) ($358.75 billion) |
| Members | 223,300 (2022) |
| Website | synprosyn.tal.com |
Synthetic Products Syndicate DDS (Takelat: ⵎⵉⴽⴰⵎⵉⵏⵜⵓⵊ ⵏⴰⴷⴰ ⵎⴱⵏ; Mikamintuj Nada MBN), commonly known as SynProSyn (MiMiNa) is a Talaharan chemical producer based in the capital of Maktarim, with facilities across the country and several facilities across the world. Initially formed by a group of researchers from the National Petroleum Syndicate's research division, SynProSyn was established as a direct distributist syndicate as a result of market share negotiations in 1910, initially just manufacturing Talarite, one of the world's first synthetic plastics.
In addition to being one of the single largest syndicates in Talahara based on its assets and revenues, it is one of the largest chemical producers in the world, having also expanded into several niche ancillary sectors including chemical and industrial waste recycling. Politically, SynProSyn wields significant influence as one of the core stakeholders in the Eco-Future Industrial Group, an industrial salon with six seats on the Supreme Legislative Council and one representative at the Executive Council.
History
Establishment
In the latter decades of the 19th century, Talahara's National Petroleum Syndicate (NPS) was rapidly expanding following the discovery of large oil reserves in the southwestern region of Amara. As many of the reserves were equally accessible from the Timna Strip region of Yisrael, Talaharan operations were hardpressed to exploit the reserves as quickly as possible. While this pressure would be alleviated by the 1919 annexation of the Timna Strip, Talaharan extraction rapidly accelerated for several decades. This policy quickly led to extraction greatly exceeding domestic demand and in addition to creating a reserve, the NPS expanded its efforts in researching uses for petrochemicals.
The NPS laboratories began producing medical products such as phenol and formaldehyde from petroleum hydrocarbons. By 1907, a trio of scientists, Tabat Sekerdid, Mastyes Jawara, and Yabdas Ortayas, were attempting to find ways to reinforce natural materials with synthetic resins produced with the same equipment that synthesized phenol and formaldehyde. The result of these experiments was ultimately the creation of "Talarite", named after Talahara, a thermosetting synthetic polymer. The cured material was sensitive to moisture and brittle in cold temperatures, but it was resistant to high temperatures, did not conduct electricity, and in the hot and arid country, the product's flaws were of lesser consequence. Immediately following the report of the discovery, the broad applications of Talarite were apparent.
The production of Talarite by the NPS on a broader scale drew the ire of several other syndicates within the United Communes. Several industries that relied on imported natural resins such as shellac from Sante Reze for the production of adhesives, cosmetics, and gramophone records were concerned that the NPS was expanding beyond its mandate and could become too singularly dominant in Talahara's social market following its already meteoric rise in the petroleum industry. In late 1909, a market share risk case was filed in the Talaharan courts, which concluded in January 1910 with the severance of petrochemical refinement from NPS and the establishment of SynProSyn as a new syndicate.
Early history
Over the subsequent two decades, SynProSyn expanded from a satellite facility in Batana to its own facilities in Bu Akaš. By 1928, the syndicate had established commercial offices in Maktarim. Its membership also quickly expanded from 50 in 1915 to 6,000 in 1930.
The immense market demand for synthetic plastics was a major factor in the syndicate's rapid rise, however, the membership was able to sustain its growth by working closely with educational institutions in Talahara and abroad, openly recruiting technicians and researchers from foreign universities. While early 20th-century Talaharan firms had a reputation for sluggish personnel growth due to the insular structure of unions and communes, SynProSyn set later trends for recruitment and has been credited with contributing to the public acceptance of détente with liberal republics and monarchies in the 1960s.
Talarite, and later more refined plastics, continued to be the major production focus of the syndicate into the latter half of the 20th century. SynProSyn kept pace with other advances in synthetics at the time, including polyester, nylon, PTFE, and aramid fibres. In 1955, SynProSyn absorbed the declining Union of Biochemists, expanding to produce some biochemicals, alkaline products, and other mineral-derived products. The absorption pushed the syndicate's membership in excess of 50,000.
Later history
In the 1950s, SynProSyn's production of aramid fibres and chloroflurocarbon (CFC) products used in fire suppression systems, aerosol propellants, and refrigerants brought significant attention from the Rubric Coast's military industries. By the 1970s, CFCs represented a significant portion of SynProSyn's production. At the same time, SynProSyn was increasingly scrutinized by environmental groups due to the demonstrable ozone depletion effect of CFCs.
In 1974, SynProSyn branched into chemical recycling following breakthroughs in reverting certain polymer waste materials to monomer components, which could then be reconstituted into new polymers. In addition to increasing the efficiency of their own production, the syndicate was also able to open a new market in taking on waste from other global industries to recycle into new products. SynProSyn's own media division had been relatively anemic compared to other unions in Talahara, but saw heavy investment in this era as well to promote the benefits of its services.
Environmental groups continued to oppose a core of SynProSyn's products through the late 1980s. Facing mounting pressure, SynProSyn's internal governance was overturned in 1988 and the production of CFCs was phased out by 1990. In 1989, members of SynProSyn were key in founding the Eco-Future Industrial Group (EFIG) as a new political group in Talahara's executive and legislative elections. In 2006, the EFIG had its first delegate appointed to the Supreme Legislative Council and, in 2010, its first member was elected to the Executive Council. At present, Meɣiɣda Izlan, former general ombudsperson of SynProSyn, is the Executor of Water and Resources following her election in 2018 and reelection in 2022.