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| Private limited company (limited liability company) | |
| Industry | Chemicals, plastics, biosciences, biotechnologies |
| Founded | November 8, 1902 |
| Founder | Yosef Goldwater |
| Headquarters | Raffenburg, Belhavia |
Area served | Worldwide (mostly Taveria) |
Key people | David Goldwater (CEO) Zayn Darvish (President) Zander van Voort (Chairman of the Board) Jacob Lebowitz (General Counsel) |
| Revenue | $7.8 billion shekels (c. 2015) |
Number of employees | 6,439 (c. 2015) |
Trans-Taverian Chemical Company (commonly referred to alternatively as TTCC, Trans-Taverian, or Taverian Chemical) is an Belhavian chemical company with major production operations worldwide, but chiefly focused on the Taverian continent, from which the company gets its name.
It is headquartered in Raffenburg, Belhavia, and is the 4th largest chemical and plastics manufacturer and seller in Belhavia, 3rd largest in Taveria, and in the top 15 globally. TTCC 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-Galarian years of the late 1940s and 1950s were a boon for scientific research and the discovery and experimentation with new chemicals, leading to increased profits has TTCC developed 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 Recession of 1971. In 1982, the company underwent a leveraged buyout by Roth Industries, which retained the limited liability company structure of Taverian Chemical as a subsidiary.
Since the 1980s, Trans-Taverian has been Roth Industries' 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-Taverian has faced criticism once it joined the Roth corporate empire of increasing the Roths' control over Belhavian and international markets by anti-business populists and even competitors within the chemical industry.
TTCC 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-Taverian'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 TTCC director Zander van Voort as the new Chairman of the board to more effectively fend off corporate takeover efforts.
1983 HIMS Spirit of Dakos Hijacking
On July 3rd, 1983, at about 5:34am, the far left anti-government terrorist group BDLF targeted a transport ship, the HIMS Spirit of Dakos, owned by Trans-Taverian that was carrying a shipment of crude industrial chemical agents and refrigerants and orchestrated an illegal boarding on the open seas 150 miles north of Tel Nafesh, Belhavia, and quickly took control of the ship and its crew.
The BDLF fighters held the crew and property hostage, demanding that Belhavian authorities repeal the White Terror laws within 24 hours or a hostage would be killed every three hours after that. In addition, the BDLF demanded Trans-Taverian transfer the value of the shipment, about $4.2 million shekels, into an overseas account or they would systemically destroy the stored chemicals.
The Imperial government dispatched several customs corvettes and a hostage negotiator to the scene at 12:31pm. After five hours of tedious negotiations, the terrorists refused to alter their demands. At 9:06pm, the BDLF fighters sped up their threats, threatening to start killing hostages in one hour's time unless the government caved. At 9:27pm, President Julian Settas authorized special forces teams nearby to break the hostage situation, and under the cover of night, at 9:47pm a hostage-rescue SWAT team covertly boarded the ship and fought with the militants, killing all but two of them while two hostages were killed in the crossfire and another three injured.
After this incident, Trans-Taverian publicly announced it was hiring permanent security on its ships and land-based facilities from the Pyrion Group.