Files for Reorganization; Several North American Creditors Listed
Glassrobots Oy of Finland applied for reorganization proceedings
on October 8, 2008 at the District Court of Tampere. Petri Lamm,
president of Glassrobots, told USGNN.com that the reorganization
is similar to filing Chapter 11 in the United States and the company
is currently operating as usual.
Claims were presented November 25 and the service of financial
report given January 20, 2009. A proposition for a reorganization
plan is expected March 6.
Glass industry companies listed as creditors include: Vesuvius
USA for approximately $169,160 USD; Vitrododi International Company
SpA for approximately $50,222 USD; and Wickham Glass in Bel Aire,
Kan., for approximately $13,600 USD.
Need more info and analysis about the issues?
HERE to subscribe to USGlass magazine.