30 Sep '15, 5am

UPDATE 1-Singapore's Jurong Aromatics goes into receivership on debt woes: * Jurong plant shut down since Dec

* Jurong plant shut down since Dec 2014 to fix technical issue * Plant includes 100,000 bpd splitter to make paraxylene for China (Adds quotes, background) SINGAPORE, Sept 30 (Reuters) - Jurong Aromatics Corp (JAC), which operates a large petrochemicals complex in Singapore, has gone into receivership because of debt problems, according to its restructuring firm and a filing with Singapore's accounting authority. JAC's debt problems mounted in recent months after it halted production in December to fix a technical issue. The company is the latest victim of a global commodities rout which has seen a Japanese shipper filing for bankruptcy on Tuesday and lower profits at global trading firm Louis Dreyfus. Specialist restructuring firm Borrelli Walsh said in a letter to JAC's creditors that two of its executives were appointed as receivers and managers of JAC this week by BNP ...

Full article: http://www.reuters.com/article/2015/09/30/singapore-juron...

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Singapore's Jurong Aromatics goes into receiver...

reuters.com 30 Sep '15, 3am

SINGAPORE, Sept 30 Jurong Aromatics Corp (JAC), which operates a large petrochemicals complex in Singapore, has gone into ...

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