Invest Daily Pro
  • Economy
  • Investing
No Result
View All Result
  • Economy
  • Investing
No Result
View All Result
Invest Daily Pro
No Result
View All Result
Home Economy

£1.3M Worth of Recycling Plant Equipment Stolen from QC Polymer

by
November 13, 2024
in Economy, Investing
0
£1.3M Worth of Recycling Plant Equipment Stolen from QC Polymer
0
SHARES
3
VIEWS
Share on FacebookShare on Twitter

Last Updated on:

On 6th November, the night before the public inspection of assets set for auction at QC Polymer in Bilston, Wolverhampton, it was discovered that the entire rPET recycling plant had been stolen.

QC Polymer entered administration on 29th October 2024, with Hudson Weir’s Hasib Howlader and Nimish Patel appointed as joint administrators. Hudson Weir engaged G J Wisdom & Co. as valuers and auctioneers to organise the sale of the state-of-the-art plastic bottle recycling facility, which featured cutting-edge technology for recycled polyethylene terephthalate (rPET) production.

When Garry Wisdom of G J Wisdom & Co. arrived on 6th November to prepare the site for the scheduled public viewing, he found the premises empty. The entire plant, valued at £1.3 million, had been taken.

Hasib Howlader of Hudson Weir commented, “This is an extraordinary turn of events following the administration of QC Polymer. To understand the sheer scale of this robbery GJ Wisdom & Co estimated it would have taken 7 days to dismantle this plant and a fleet of 10 articulated lorries and two cranes to cart it away. The theft was clearly premeditated pre-planned and the factory building showed no signs of forced entry. The West Midlands Police and the Serious Fraud Squad have been informed and are investigating.”

The stolen items comprised highly specialised PET recycling machinery, which has a limited resale market. Hudson Weir has called on the recycling industry to be watchful for any equipment offered below market value.

The stolen equipment list includes:

Bail Break, Trommel Separator, Cap & Label Separator, and a Tomra Autosort Bottle Sorter with EM3 Metal Sensor
Ken Mills Aries Horizontal Bailer, Label Remover, Pre-Washer, Granulators, Floating Tanks, Centrifugal Dryers
Steam Boiler, Hot Wash Tanks, Hot Air Drying System, Blow Down Vessel, Tomra Optical Flake Sorter, Eddy Current Separator
Discharge Silo & Twin Bagging Stand, various connecting conveyors
Boge Direct Air UK Air Compressor with a 1000L Tank & Dryer
Two Polymer Preparation Systems
Dissolved Air Floatation System for water filtration

Howlader further explained, “We had secured significant interest in this inventory of specialised recycling equipment, with several interested parties ready to make offers when the sale date arrived on the 11th of November. This is a setback in our current plans as our duty as administrators is to realise as much for the business and its assets as we can returning to the creditor’s funds for distribution. We are asking the recycling industry to be extra vigilant and to keep an eye open for the type of equipment that has been stolen from QC Polymer. If any of the machinery is offered to you please contact me, Hasib Howlader on the following email and telephone numbers.”

To report any leads, please contact:

Hasib Howlader, Director
Email: hasib@hudsonweir.co.uk
Telephone: 020 7099 6086

ShareTweetPin

Related Posts

Acceleration of RAD204 Phase 1 dose escalation trial
Investing

Acceleration of RAD204 Phase 1 dose escalation trial

May 12, 2025
Multiple New Multi-Commodity Targets
Investing

Multiple New Multi-Commodity Targets

May 12, 2025
Crypto Market Recap: Bitcoin Breaks US$100,000, Coinbase Makes US$2.9 Billion Power Play
Investing

Crypto Market Recap: Bitcoin Breaks US$100,000, Coinbase Makes US$2.9 Billion Power Play

May 11, 2025
Tech 5: OpenAI Restructures, Apple Pursues AI Search, Constellation Shares Jump
Investing

Tech 5: OpenAI Restructures, Apple Pursues AI Search, Constellation Shares Jump

May 11, 2025
Investing in Uranium ETFs: 9 Options for Uranium Exposure
Investing

Investing in Uranium ETFs: 9 Options for Uranium Exposure

May 10, 2025
Buffett Hands Over Reins, What’s Next for Berkshire’s Capital Strategy?
Investing

Buffett Hands Over Reins, What’s Next for Berkshire’s Capital Strategy?

May 10, 2025
Next Post
Digital Pioneer Sandra Lukoseviciene Joins Cube Purple Team

Digital Pioneer Sandra Lukoseviciene Joins Cube Purple Team

Recommended

HSBC joins China pitches for PHL green projects

HSBC joins China pitches for PHL green projects

August 5, 2024
Budget gap widens in September

Budget gap widens in September

October 24, 2024
Stock Market News UK Update: FTSE 100 & 250 Rise

Stock Market News UK Update: FTSE 100 & 250 Rise

April 4, 2025
Asia-Pacific exports to rise up to 3.5% — ESCAP

Asia-Pacific exports to rise up to 3.5% — ESCAP

January 6, 2025
EV industry meets with Customs to work out supply chain snags

EV industry meets with Customs to work out supply chain snags

August 19, 2024
Simón Levy Explores Cross-Cultural Insights and Fostering Global Business Innovation

Simón Levy Explores Cross-Cultural Insights and Fostering Global Business Innovation

October 24, 2024

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 InvestDailyPro. All Rights Reserved.

    Disclaimer: InvestDailyPro.com, its managers, its employees, and assigns (collectively InvestDailyPro ) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice.
    The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    No Result
    View All Result
    • About us
    • Contact us
    • Home
    • Privacy Policy
    • Suspicious engagement
    • Terms & Conditions
    • Terms & Conditions
    • Thank you

    Copyright © 2024 investdailypro.com | All Rights Reserved