US WR Grace pushes back emergence from bankruptcy to 2013

10 September 2012 23:08  [Source: ICIS news]

HOUSTON (ICIS)--WR Grace now expects to emerge from Chapter 11 bankruptcy protection in the fourth quarter of 2013, the US-based catalyst producer said on Monday.

The company earlier said it expected to emerge from bankruptcy protection some time this year.

The company's reorganisation plan was confirmed by the US Bankruptcy Court.

However, appeals were still pending, and the company's initiative to emerge with pending appeals is not currently achievable, WR Grace said.

WR Grace filed for bankruptcy protection under Chapter 11 in 2001 after being overwhelmed by asbestos lawsuits.

By: Al Greenwood
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