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Prospector
Profile
121-07
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| Propex, Inc. |
NAICS |
313210 |
| 260 The Bluffs
Austell, GA 30168 |
Description |
Fabric Mills |
| (770) 941-1711 |
Employees |
3200 |
| http://www.propexinc.com/ |
Revenue |
(mil) |
742.8000 |
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Income |
(mil) |
1.8000 |
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Assets |
(mil) |
610.3000 |
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Liability |
(mil) |
499.1000 |
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(for the year ended 2006-12-31) |
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Category:
Bankruptcy
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Event:
Propex, Inc. filed for Chapter 11 protection on January 18, 2008, with the Bankruptcy Court for the Eastern District of Tennessee (Chattanooga), case number 08-10249, before Judge John C. Cook.
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Intellectual Property:
The Company owns or licenses several United States and foreign patents and has several patent applications currently under file with the United States and foreign patent offices. The Company has patented positions used in the manufacture of Matrix® carpet backing, Pyramat® High Performance Turf Reinforcement Mats, as well as X3 and e3 fiber technologies. It also has several registered trademarks that are well recognized, such as Polybac® and Actionbac® in carpet backing, Geotex®, Landlok®, Pyramat® and Petromat® in geosynthetics, Fibermesh® in fiber reinforced concrete and Duon® in furniture and automotive fabrics. [SEC Filing 10-K 04-02-07]
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Description:
Propex is the world's largest independent producer of primary and secondary carpet backing and a leading manufacturer and marketer of woven and nonwoven polypropylene fabrics and fibers used in geosynthetic applications and a variety of other industrial applications such as fabric bags/containers, fabric protective coverings and concrete fiber reinforcement.
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Officers:
Joseph F. Dana (Pres. & CEO); Lee McCarter (CFO); Michael Coffin (COO); Edgar Bridger (VP); Theo Stroot (Dir ); Joao Alberto Panceri (Dir)
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Auditor:
Ernst & Young LLP
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Attorneys:
King & Spalding; Houston, TX; (713) 751-3200
Edward L. Ripley, Esq.
Henry J. Kaim, Esq.
Shelley D. Rucker, Esq. of Miller & Martin LLP; Chattanooga, TN; (423) 756-6600
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Securities:
10 common shares outstanding as of Aug. 3, 2007.
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Notes:
When the Company filed for Chapter 11, it listed total assets of $585,700,000 and total debts of $527,400,000.
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