Italy-headed Mossi Ghisolfi Group, an international group of companies specialised in the design, engineering and construction of chemical processes and chemical compound plants within the polymer, polyester and biofuels sectors has announced “Chapter 11” filing for its the companies in the United States (US).
According to a statement, the following companies of the Mossi Ghisolfi Group have filed for “Chapter 11” in the District of Delaware:
- M&G USA Corporation
- M&G Resins USA, LLC
- M&G Finance Corporation
- M&G Waters USA, LLC
- Mossi & Ghisolfi International S.a r.l.
- M&G USA Holding, LLC
- M&G Chemicals S.A.
- Chemtex International Inc.
- Chemtex Far East, Ltd.
- Indo American Investments, Inc.
- M&G Capital S.a r.l.
On October 17, Italy-headed Mossi Ghisolfi Group, an international group of companies specialised in the design, engineering and construction of chemical processes and chemical compound plants within the polymer, polyester and biofuels sectors filed for “concordato preventivo” in Italy.
On October 27, the court of Alessandria, Italy granted companies (Mossi & Ghisolfi S.p.A., M&G Finanziaria S.p.A., Biochemtex S.p.A., Beta Renewables S.r.l., Italian Bio Products S.r.l., IBP Energia S.r.l., M&G Polimeri S.p.A. and Acetati Immobiliare S.p.A.) a term of 120 days starting from October 26 for the filing of the proposal of the composition with creditors, with the exception of IBP Energia for which the court granted a term of 60 days.
