View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. News
May 22, 2008

US: Plastech to be dissolved

US supplier, Plastech Engineered Products Inc. will be dissolved.

US supplier, Plastech Engineered Products Inc. will be dissolved.

The company filed for Chapter 11 banruptcy on February 1st and is negotiating to sells its interior parts business to Johnson Controls Inc. (JCI). JCI is Plastech’s largest customer.

Plastech’s exterior parts business will be sold through an auction o be held in June, reported the Detroit Free Press.

Other Plastech customers include General Motors, Chrysler and Ford.

Plastech has suffered from rising costs and flagging volumes at North American OEMs. It filed for Chapter 11 partly to fight against an attempt by Chrysler to take back its tools.

Workers have been advised that plants will close by July 13th.

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Monday. The industry's most comprehensive news and information delivered every quarter.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Just Auto