In its annual report, the company stated that it had lost 2.72 million U.S. dollars and 4.86 million U.S. dollars for two consecutive years in 2009 and 2008. It will not generate net income in the future. The sustained net loss may limit the company's service debt repayment ability and Working capital. When reporters asked about their next steps, Constar declined to answer how its next step would be to restore US and European business profitability. However, according to the 10-K management document submitted by the US Securities and Exchange Commission (SEC), the company will implement plans to reduce costs, factory consolidation, and retain existing capacity. Constar plans to increase its custom category in the market, and it will also focus on Oxbar's active oxygen barrier technology and DiamondClear's active oxygen technology, and add value by adding wide-mouth bottle innovations. Although European profits rose by 6.8%, the overall gross profit still fell 3.9% to US$3.13 million, and the rise in European performance also benefited from lower production costs and lower electricity bills. Constar sources said that this series of losses was attributed to price competition, delays in the conversion of PET bottles and operating difficulties in the European operating system. In addition, Constar's traditional PET product demand has dropped significantly due to beverage companies choosing to produce their own. The Securities and Exchange Commission (SEC) 10-K management document mentioned that “[we believe] that the bottled water bottle packaging trend cycle has come to an end. At present, most beverage manufacturers are starting to produce glass bottles internally, with the 2006 plastic water bottle. Compared with net sales of 12%, glass bottle sales accounted for 3% of net sales in 2009. Constar manufactures PET containers for the food and beverage industry, where plastic bottles account for 29% of the total 71% of preforms. The company has 1,057 employees and 181 employees in the United States and the United Kingdom. Its largest customer is Pepsi. Constar International is headquartered in Philadelphia and has a number of operations in a number of European countries such as the United Kingdom, the Netherlands and Italy. The company mainly produces plastic bottle parisons and blow molding three-layer PET bottles. The inner and outer layers are PET, the middle layer is high permeability MXD6, and the oxygen absorbing agent Oxbar is added to prevent oxygen infiltration and greatly reduce CO2 emissions. Leakage problem. Although PET bottled beer still has such unsolved problems, it is still a trend for the development of beer packaging. In the future, beer packaging will be split between glass bottles, aluminum cans, and PET bottles. And, with the further improvement of PET bottle production technology, PET bottled beer will have an absolute advantage in the beer market, ushering in its peak period. Blank Dice,Blank Diy 6 Sided Dice,Blank 6 Sided Dice Cube,Blank Counting Dice NINGBO BESCON GAMES AND APPLIANCES CO., LTD , https://www.bescondice.com
Constar, a North American manufacturer of PET bottle packaging, became a member of Chapter 11 bankruptcy protection last May and has recently declared that it is unable to repay 22 million US dollars in guarantee bonds. It is expected that the guarantee will expire in 2012 and it is currently The company's condition is still at a loss. As of December 31, 2009, the company’s total sales fell by 25.6% to approximately US$ 21.95 million. Sales in Europe and the United States dropped by 25.2% and 25.7% respectively.