TITLE

Dayco, Mark IV finding new life after Chapter 11

PUB. DATE
June 2010
SOURCE
Rubber & Plastics News;6/28/2010, Vol. 39 Issue 24, p8
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article offers information on the performance of the company Mark IV, after it came out of Chapter 11 bankruptcy protection filed in 2009. The company filed it due to debt worth 1.2 billion dollars. Its division Dayco Products LLC is reportedly doing well in replacement and heavy-duty markets and has bought a plant in Michigan. It states that it is also setting up factories in places such as India and China. To overcome the crises 20 percent of workforce in North America was dismissed.
ACCESSION #
52998270

 

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