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Markets :: Plastics :: Toluene diisocyanate

Recticel's U.S. Subsidiaries Apply for Chapter 11

5:46 AM MDT | October 30, 2009 | Natasha Alperowicz

Recticel (Brussels), a polyurethanes (PU) foam maker, says its two U.S. subsidiaries supplying the the U.S. automotive market have applied for Chapter 11 protection. Recticel Interiors North America (Rina; Clarkston, MI) and Recticel Urepp North America (Runa; Auburn Hills, MI) together employ 250 people and have sales of some €20 million ($29.8 million). "As a result of the present crisis in the automotive market in the U.S. and the structural loss-making situation of the interior solutions' activities in this region, Rina and...

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