15 January 2010 17:01 [Source: ICIS news]
LONDON (ICIS news)--Artenius’s polyethylene terephthalate (PET) plant at El Prat de Llobregat, Spain, could be re-started by the end of February backed by finance from regional government, a source from the Spanish company said on Friday.
“There is a possibility that El Prat could restart at the end of February: the Institut Català de Finances (ICF) has given us a $15m [$22m] loan,” the source said.
The ICF agreed to grant the loan to La Seda de Barcelona, Artenius’s parent company. It could be used for the most pressing needs of the company until a restructuring plan, agreed with shareholders in December, was implemented in the next two-three months, the source added.
($1 = €0.69)
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