13 January 2010 17:59 [Source: ICIS news]
LONDON (ICIS news)--Administrators for the Artenius UK polyethylene terephthalate (PET) and purified terephthalic acid (PTA) assets in the UK are close to securing a deal with a major player in the business, a source close to the matter said on Wednesday.
There has been persistent talk on both the supply and customer side of the business that ?xml:namespace>
Sources suggested it had been talking to customers of the plants, some of which had moved to other suppliers.
It was believed that only unnamed legal issues remained before a deal on the takeover was closed.
Administrators Deloitte were unavailable for comment on Wednesday.
The plant’s closure and the laying off of 200 workers at the Artenius UK site was a blow to the
Restart of the mothballed plants could be achieved relatively easily but would be reliant on re-employing a sufficiently strong workforce for their operation.
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