272:, re-branded the company as BTR Nylex. Under BTR, the company again expanded, with BTR Nylex being the Asian headquarters and central focus point for multiple BTR acquisitions within Asia, including in Malaysia. During this period, BTR Nylex purchased a number of important Asian business operating in related fields, including purchases of plastics companies e.g. China General Plastics in Taiwan and Japan, and a 51% stake in Nylex Malaysia. Jackson improved BTR Nylex's operations in Asia, greatly expanding the business into expanding areas, including recycling PET bottle and glass operations, and the purchase of Formica in the United States. His results in the Asian sector saw him appointed to London to manage the global BTR business, applying his same strategies of success in 1991. While CEO of BTR and Nylex in 1995, Jackson completed the full takeover of Nylex. The remaining 37% of the company that BTR did not own was to be purchased. Jackson bought it for $ 4.48 billion. In that same year, Nylex was estimated to be worth $ 11.8 billion.
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1996. The company became at that point
Austrim Nylex, which was then simplified to Nylex once again, with Jackson commenting that the Nylex brand in Australia was better known compared to Austrim, and this could help the business further grow. Austrim Nylex eventually owned 30 major brands in Australia, including control of many textile companies, but profit margins had become thin and large amounts of borrowing, to expand the company in a short period of time, led the company to begin be unable to pay back its loans. Jackson stayed with the company, eventually leaving in 2001. Following this, the company began decreasing in profit margins and got furthered indebted as a result. The subsequent chief executives could not turn the tides of Nylex's trajectory. The company remained roughly in that same form until the
337:, in the 1950s, and John Derham's office overlooked the Silos. Derham realised it would be a prominent spot for promotion of his company, which at that time was expanding and the publicity would be beneficial. He decided to move ahead with putting a Neon sign on the silos, ultimately concluded by his son Peter Derham. At the time the staff referred to it as "Derham's folly" and it was seen as a waste of money, but ultimately it became a famous landmark promoting the Nylex brand. The
243:). The demand for products during WW2 saw a lot of innovation as the company expanded into producing different types of plastics, including PVC and polymers. Specific innovations for the military at the time included PVC copolymer solution for moisture-proofing rifles, PVC wire coating, moisture proof striking surfaces for matches.
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There were a number of reasons for the company's collapse. The company was competing with cheap Asian plastic imports. In the BTR and
Austrim eras, the company had expanded exponentially, but this had cut down profit margins. The company also, under Alan Jackson, had moved into purchasing businesses
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The company went into liquidation in 2009, after it failed to pay finance on A$ 60 million worth of debt. The receivership was handled by
Ferrier Hodgson, and the company continued to trade throughout the process. At the time it had 8 subsidiaries, some producing garden hose, Esky Coolers, film and
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63 million, when BTR completely collapsed. The same man who had previously purchased the company representing BTR, was now representing
Austrim in the purchase. However, the purchase was not as costly as before because BTR had sold off part of the company following Jackson's retirement from BTR in
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and was considered to be the largest manufacturing company in
Australia and in the top 25 largest companies in the country. It continues to operate in the form of its gardening products branch, which produces and sells plastic gardening products throughout Australia using the Nylex branding. A
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The company had benefited from water tank arm of its business, which had received subsidies because of a drought, but when the drought broke
Government subsidies stopped, and then tanks started being imported from Asia. In additions, the hard times in the car industry affected Nylex's car part
373:
At the time of collapse, it owed A$ 100 million to creditors. Some of the businesses were sold on at the time of collapse. Esky coolers, a popular brand of lunch cooler, was sold to US company
Colemans Most of its industrial/commercial real estate was sold off, much of it being turned into
228:, Melbourne in 1927. A rival company, Moulded Products, started in 1931, and Derham sold his company to it, while himself getting a share of Moulded Products. He then later gained control of all of Moulded Products with some colleagues, thus ending up with both companies.
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in 1984 from ACI. In 1988, however, Jackson took over the
Australian Consolidated Industries Limited (ACI) itself for a takeover of roughly $ 1.6 billion, following the share market crash. BTR, then a large global concern headed by
311:
was common in
Australian homes in the 1960s. Nylex started making plastic Esky products (originally produced by Malleys) in 1984. By the time of collapse the company was producing a range of products including garden hose,
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in loss making sectors, including textiles, which were suffering huge downturns at the time. The company owned major iconic
Australian brands but was unable to use them to generate cash to sustain the company.
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in 1967. Peter Derham worked with the company for most of his life and other family members managing various parts of the business. Nylex was eventually purchased by Australian Consolidated Industries (ACI).
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residential apartments. The large Mentone site, which had previously housed 1000 workers, was sold off for part commercial, part residential, though a heritage protected Nylex sign remains
198:, founded in 1927, is an Australian manufacturer of a range of plastic goods. It was originally called the Australian Moulding Corporation but changed its name in 1948. The founder was
398:. The company is currently owned by AMES Australasia since a 2014 acquisition that cost A$ 36 million. This included other companies as well as Nylex during this purchase.
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later moved to another company, Austrim, after leaving BTR as its CEO. Austrim, having expanded under Jackson's strategic direction, acquired Nylex in October 1998 for
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Kitchenware, light fittings and other household products were produced under the Duperite brand throughout the 1940s and 1950s. Nylex also produced products under the
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Esky coolers were particular well known in Australia, and were an iconic Australian brand, the name used in Australia as a general term for a hamper cooler.
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who had helped the business while others had pulled out. In addition to this, the overall Global Financial Collapse had taken its toll on the company.
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A company previously owned by BTR Nylex as a subsidiary, Nylex (Malaysia) Berhad, operates as a major plastics manufacturing concern in Malaysia.
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The Nylex brand has its origins with the Australian Moulding Corporation in 1927. This was a plastics manufacturing firm, founded by
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in the 1950s. Australian Moulding Corporation became Nylex. Derham died in 1957, and the company was eventually managed by his son,
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Porter, Ian (2 September 2003). "Nylex to be reincarnated as Austrim sheds its past along with $ 72m loss".
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business. The company had seen write downs for many of its businesses and had been supported by people like
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Ian, Porter (2 September 2003). "Symbolism Rules As Nylex Rises From The Corporate Graveyard".
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company that was previously a subsidiary, Nylex (Malaysia) Berhard, also still operates.
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567:"Nylex Corporation Pty Ltd - Corporate entry - Encyclopedia of Australian Science"
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Henningham, Leigh (17 August 1987). "BTR Nylex thrives as frugal 'lean machine'".
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Smith, Michael (4 August 2009). "Miners look to buy Nylex's listed shell".
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202:. During the period between 1990 and 2009, the company was listed on the
1035:"Esky auto box invented by Malleys - Australian food history timeline"
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483:"U.K.'s BTR Launches Startling Takeover Bid For Rest of BTR Nylex".
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skyline, visible from various parts of Melbourne, including the
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737:"Sir Peter John Derham AC, K.St.J. | Melbourne Grammar School"
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Centre, The University of Melbourne eScholarship Research.
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The company expanded to make a range of products, and in
1080:"Iconic Melbourne clock makes mysterious return to life"
687:"Technology in Australia 1788-1988, Chapter 9, page 662"
661:"Technology in Australia 1788-1988, Chapter 9, page 662"
607:"Technology in Australia 1788-1988, Chapter 9, page 662"
508:
Reier, Sharon (20 July 1993). "The Man From Melbourne".
438:
Clark, Colin, Timothy Geer, and Barry Underhill (1996).
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and garden products throughout Australia, through large
895:"The Mayne Report - The day Alan Jackson lost his cool"
341:, erected in 1961, remains a prominent feature of the
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Centre, Australian Science and Technology Heritage.
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Centre, Australian Science and Technology Heritage.
605:
Centre, Australian Science and Technology Heritage.
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The Nylex brand continues to exist, selling plastic
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307:Nylex's brightly colored Bessemer line of informal
16:
Australian manufacturer of a range of plastic goods
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843:"Nylex takeover looking like worldwide clean-up"
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1010:"A Modern Life: Tablewares 1930s – 1980s | NGV"
1247:Australian subsidiaries of foreign companies
635:"Nylex and Mentone | Kingston Local History"
465:: CS1 maint: multiple names: authors list (
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1237:Manufacturing companies based in Melbourne
869:"AUSTRALIA'S BTR NYLEX TO ACQUIRE FORMICA"
811:
809:
759:
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440:"THE CHANGING of AUSTRALIAN MANUFACTURING"
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235:produced plastic radio receivers and Army
1201:"Nylex makes a splash with the Renegades"
1105:"Esky-maker Nylex goes into receivership"
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817:"Jackson aims for BTR Nylex on the cheap"
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984:"Nylex: from household name to oblivion"
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1078:Rawlinson, Clare (29 January 2015).
921:"The day Alan Jackson lost his cool"
766:"High achiever who never said never"
764:Stewart, Sally (25 September 2008).
204:Australian Securities Exchange (ASX)
1252:Conglomerate companies of Australia
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358:plastic car parts and water tanks.
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919:Mayne, Stephen (22 October 1998).
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639:localhistory.kingston.vic.gov.au
333:Nylex moved to Cremorne Street,
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794:. 10 August 2018. p. 26.
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489:. 24 July 1995. p. 3.
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538:"Nylex - AMES Australasia"
513:– Europe's CEO of the Year
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1154:The Sydney Morning Herald
1150:"Esky no longer dinky-di"
592:"Nylex Limited (ASX:NLX)"
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347:Melbourne Cricket Ground
292:(GFC) in 2007 and 2008.
486:The Wall Street Journal
290:Global Financial Crisis
31:Public limited company
1136:Sydney Morning Herald
962:Sydney Morning Herald
445:Australian Government
44:Plastics manufacturer
392:cricket in Australia
99:, (CEO and Chairman)
1205:Melbourne Renegades
1041:. 18 September 1950
925:The Daily Telegraph
899:www.maynereport.com
396:Melbourne Renegades
241:M42 Duperite helmet
151:Number of employees
145:11.8 billion (1995)
23:
1111:. 12 February 2009
1014:www.ngv.vic.gov.au
990:. 21 February 2009
378:Current operations
130:6.7 billion (1994)
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1132:"Playing it cool"
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546:. 14 June 2019
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790:"IN BRIEF".
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368:Kerry Stokes
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270:Alan Jackson
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252:Peter Derham
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137:Total assets
97:Alan Jackson
92:Peter Derham
68:Headquarters
41:Conglomerate
27:Company type
18:
994:13 February
904:13 February
746:13 February
384:garden hose
339:Nylex Clock
329:Nylex Clock
323:Nylex Clock
276:Austrim era
265:BTR Hopkins
222:John Derham
200:John Derham
62:John Derham
1226:Categories
1089:2 February
1019:1 February
800:2085797915
576:1 February
550:31 January
451:31 January
424:The Herald
405:References
309:tablewares
216:Derham era
113:appliances
87:Key people
1210:1 January
1185:1 January
1160:2 January
1115:2 January
1045:2 January
970:363827822
930:2 January
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644:2 January
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521:225629264
495:308233965
461:cite news
343:Melbourne
79:Australia
1109:ABC News
1084:ABC News
966:ProQuest
796:ProQuest
517:ProQuest
491:ProQuest
388:hardware
335:Richmond
296:Products
110:Plastics
104:Products
37:Industry
1176:"Nylex"
947:The Age
770:The Age
712:"Nylex"
349:(MCG).
304:brand.
281:Jackson
259:BTR era
226:Mentone
211:History
176:Website
166:BTR plc
124:Revenue
58:Founder
50:Founded
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302:Melmac
183:.nylex
161:Parent
73:Sydney
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1021:2020
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578:2020
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467:link
453:2024
185:.com
53:1927
285:A$
224:in
187:.au
181:www
143:A$
128:A$
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