ASC Cleared to Sell Equipment

Date: 17 July 2007
Source: Forbes

Date: 17 July 2007

Forbes reported that ASC Inc. is making progress in the wind-down of its Lansing, Mich., assembly plant, having received court approval to sell one of its few remaining assets: used equipment from the plant.The order from Judge Thomas J.

Tucker of the U.S. Bankruptcy Court in Detroit comes just days before the company may receive a $3 million loan to keep the plant running through July. The automobile sunroof maker said it needed a few more weeks to complete production orders for customers.





Read the entire story on the source link below.
600450 ASC Cleared to Sell Equipment glassonweb.com

See more news about:

Others also read

MORE...

Make Fused Art In Your Microwave
Delphi Glass, the premier source for all glass craft needs, offers a more convenient way to fuse glass and create custom jewelry -- the microwave kiln.
Schott: Ultra Pure Glass for Teeth
Extremely fine glass powder from SCHOTT provides greater stability and density to high-quality composite dental fillings.
Morse Industries Adds Shannon Forthuber To The Sales Team
Inside Sales is  pleased to welcome Shannon Forthuber as the  newest team member at Morse Industries, a provider  of top-of-the-line aluminum, stainless steel, plastic  and custom parts and extrusions for the marine,  architectural, and fixture industries as well as other  industrial manufacturers.
Kootenai County Ends Glass Recycling, Says Too Costly
The Kootenai County solid waste director in northern Idaho says the county will no longer accept recycled glass when the new year starts.
HyRadix Inc. Announces Supply Agreement With Praxair India
HyRadix® Inc., a leading provider of on-site hydrogen generation systems and supply solutions, has entered into an agreement with Praxair India, a subsidiary of US based Fortune 300 company, Praxair, Inc., for the supply of the HyRadix Aptus® on-site hydrogen generator for industrial hydrogen applications within India.
Emhart Glass to Expand Manufacturing Facility in Windsor, Connecticut
The company will be eligible for a loan forgiveness credit of $500,000 provided that it creates and retains 90 jobs by the third anniversary year of the assistance agreement.

Add new comment