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Rexene emerges from bankruptcy.

Rexene Corporation, Dallas, TX, parent company of diaper film supplier CT Film, emerged from bankruptcy last month as its Plan of Reorganization became effective. The company, which filed for bankruptcy in October 1991, has restructured its debt and also completed a management reorganization.

According to a release by the company, "The bankruptcy was prompted by a lack of refinancing alternatives ...during the proceedings, Rexene customers experienced continued reliability of a result, the company's operating performance remained stable over the past 11 months."

In other Rexene news, the company and its Japanese partner Ube Industries have. begun commercial production of amorphous poly ([alpha]-olefins) at a 20,000 ton a year facility in Sakai, Japan. The products are used principally in hot melt adhesive and sealant applications for nonwovens, packaging and pressure-sensitive and assembly applications.
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Publication:Nonwovens Industry
Article Type:Brief Article
Date:Nov 1, 1992
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