Western Concord Manufacturing, a Delta, British Columbia-based manufacturer of performance films for food processing, construction, agriculture and mining industries, filed an NOI on December 8, listing $50.8MM in liabilities, including $3.4MM to HSBC and $44.3MM to the company's owner, Hanover Investments. The company carries on business in three locations; as such, because the products produced are bulky and costly to transport to and from each of the facilities, this process has placed a strain on the company's resources. While there has been an increase in the number of orders over the last quarter of 2017, delays in necessary upgrades to the company's facilities have resulted in lost sales. Due to such financial losses, Hanover, who funded the losses over the past few years, is no longer prepared to continue funding. EY is the proposal trustee.