Spanish PET Producer La Seda Bankruptcy Called Voluntary

Spanish PET producer La Seda de Barcelona has said a statement that its insolvency filing in a Barcelona commercial court on June 17 is a voluntary, precautionary measure to secure the business while its creditors and owners sort out the company's finances and that there are no plans for liquidation.

The filing, which applies to subsidiaries in Morocco and Turkey in addition to the European Union, was prompted by La Seda's failure to gain the support of 75% of its creditors to restructure its finances. Negotiations will now recommence, the company said.

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Specialty Chemicals in a Shifting World
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Specialty Chemicals in a Shifting World

Jennifer Abril, President & CEO of SOCMA, discusses the impact of new tariffs and the importance of regional supply networks in the specialty chemical industry.

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The Start-up Platform for Chemistry & Life Sciences
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The Start-up Platform for Chemistry & Life Sciences

CHEManager Innovation Pitch supports innovation in the chemistry and life sciences start-up scene. The platform allows founders, young entrepreneurs, and start-ups to present their companies to the industry.

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