Kunststoffwerk Philippine Verwaltungsgesellschaft mit beschränkter Haftung.

The company's object is operating and managing businesses in the plastics industry, managing participations and taking over related activities, specifically regarding the limited partnership “Kunststoffwerk Philippine GmbH & Co. KG”. The Philippine group comprises six entities, including a holding/ownership company, a production company, a sales company, a logistics company and two administrative companies; the holding company leases land, buildings and equipment to subsidiaries. Production focuses on insulation materials made from expanded polystyrene and other plastics; main customers are specialist building-material retailers and manufacturing/processing companies domestically and abroad. Parts of the group (Philippine Technische Kunststoffe) were end-consolidated after insolvency filings, which altered last year’s asset, financial and earnings position, while the remaining production company was reported as not directly affected.