Manufacturing Industry
Formosa buys Borden's PVC site.(Borden Chemicals and Plastics L.P. sells PVC plant to Formosa Plastics Corporation U.S.A.)(Brief Article)(Statistical Data Included)
Plastics News, April, 2002 by Esposito, Frank
Borden Chemicals and Plastics LP has completed the sale of its Illiopolis, Ill., PVC plant to Formosa Plastics Corp. USA for about $35 million. The sale was approved March 27 by the U.S. Bankruptcy Court in Wilmington, Del. The court also approved an extension of debtor-in-possession financing that will allow Borden to operate the Illiopolis site until Formosa takes over.
It also approved as much as $10 million of additional debtor-in-possession financing. The 200-employee Illiopolis plant annually produces 200 million pounds of specialty PVC for vinyl flooring and other uses. It also has 200 million pounds of commodity-grade PVC annual capacity that has been idled since early 2001 because of weak demand. The addition of the Illiopolis capacity will...
Most Recent Business Articles
- Multiple criteria evaluation and optimization of transportation systems
- Multi-criteria analysis procedure for sustainable mobility evaluation in urban areas
- A two-leveled multi-objective symbiotic evolutionary algorithm for the hub and spoke location problem
- Multi-criteria analysis for evaluating the impacts of intelligent speed adaptation
- The development of Taiwan arterial traffic-adaptive signal control system and its field test: a Taiwan experience
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- LIFO vs. FIFO: a return to the basics
- Too Young to Rent a Car? - 25-years-old the minimum age for car renting - Brief Article
- Design a commission plan that drives sales - Sales Commissions
Presented by the Premiere Rewards Gold Card from American Express