Home    Resource Store    Past Issues    Buyers' Guide    Career Center    Subscriptions    Advertising    E-Newsletter    Contact

http://www.allstatestextile.com
http://www.textileworld.com/partners/Sr_Sales_Representative_Bolger_and_OHearn_Inc?override_sig=6d134c277189eb53ad63648042f76d28&override_token=b65bbcb705ed6642a8800553cd8f0acf
http://www.textileservicesonline.com
http://www.expoproduccion.mx/Content/Exhibitors/24/
http://www.textileworld.com/forms/mediakit.html
http://www.textileworld.com/careers/index.html
Textile World Photo Galleries
September/October 2014 Sept/Oct 2014

View Issue  |

Subscribe Now  |

Events

Pure Shanghai & PH Value (P&P)
10/20/2014 - 10/22/2014

IGATEX™ Pakistan 2014
10/21/2014 - 10/24/2014

Tissue Middle East Exhibition 2014
10/22/2014 - 10/24/2014

- more events -

- submit your event -

Printer Friendly
Full Site
Textile News

PGI Emerges From Bankruptcy

PGI Emerges From BankruptcyNorth Charleston, S.C.-based nonwovens manufacturer Polymer Group Inc. (PGI) announced its previously confirmed plan of reorganization became effective March 5. All shares of the companys old common stock have been cancelled. New common stock has been issued, with 96 percent distributed to creditors and 4 percent to existing stockholders pro rata.PGI has reduced its total debt to approximately $500 million upon emergence from bankruptcy, down from approximately $1.1 billion when it entered bankruptcy proceedings.We are very pleased to have this difficult period behind us, said Jerry Zucker, chairman, president and CEO. We have emerged as a stronger company with a solid future ahead of us.PGI has approximately 4,000 employees and 25 manufacturing facilities worldwide. May 2003




Advertisement

http://www.staubli.us