Polymer Group Expect to Emerge from Bankruptcy within 50 Days

Polymer Group Inc, have announced that the company’s Joint Second Amended Modified Plan of reorganisation has been approved by the US Bankruptcy Court.

The plan for Chapter 11 Bankruptcy was approved by creditors and shareholders is expected to see Polymer Group emerge from bankruptcy in under 50 days.

Polymer Group are the world’s third largest producer of nonwovens and a manufacturer and marketer of engineered materials. They have 25 manufacturing facilities across the world and employ about 4000 people.

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