Schwing America exits Chapter 11
| July 21, 2010 |
Schwing America successfully emerged from Chapter 11 bankruptcy with 100 percent of unsecured creditors voting in favor of the company’s reorganization plan. After nine months of protection, the company’s reorganization plan was approved by the Federal Bankruptcy Court. The company completed the payoff to existing lenders from funds obtained from a pool of European banks.
Schwing added jobs in their Call Center to handle expanding business activity and plans to introduce new models and technologies to its line of concrete pumps, truck mixers and batch plants.
More From: Business
- Parsons Brinckerhoff awarded contract for construction engineering and inspection services for I-4 widening in Florida
- Newmont Mining Company names Metso as supplier of the year
- Blastrac opens Greenville, S.C. location, adds Ricky Norkett and Mike Lancaster to ‘Team Blue’
- Michael F. Donnino elected to ARTBA’s executive committee
- Winners announced for student video contest on transportation issues
- Volvo Trucks names Göran Nyberg...
Do you want some tips to stay safe on the job site?
Equipment World has created an entire section devoted to safety.
Here are the most recent tips we've posted: