in this issue
People & Business :: Companies
Time running out for debt-burdened PET producer La Seda
April 25, 2013 | Francinia Protti-Alvarez
Beleaguered polyethylene terephthalate (PET) producer La Seda de Barcelona (El Prat Llobregat, Spain) has one week left to finalize the refinancing of its €235-million ($299 million) debt before the company is forced into administration, according to reports in the Spanish media. The company's board is expected to meet next week to assess the options available. La Seda has been struggling to refinance its debt since February, as previously reported by CW. Most of La Seda's shareholders are hoping that the biggest shareholder BA Vidrio (Avintes, Portugal)...
This information is only available to Chemical Week subscribers.
Forgot your user ID or password?
Not an IHS Chemical Week member yet?
Here's why you should be:
100% Satisfaction Guarantee