24 December 2008 00:00 [Source: ICIS news]
HOUSTON (ICIS news)--US polyethylene terephthalate (PET) producer Wellman may emerge from bankruptcy in January, following its stakeholders' approval of its reorganisation plan, the company said on Tuesday.
A hearing of the confirmation of the plan is scheduled for 12 January, the company said.
Wellman's lenders have already amended the company's bankruptcy financing, giving it a 31 January deadline to leave bankruptcy protection.
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections