Propex Appoints Woody McGee New President and Chief Executive Officer - Chattanooga, TN.
Propex Inc. today announced that its board of directors has appointed Woody McGee as the interim President and Chief Executive Officer of Propex, effective today. Joseph F. Dana to retire as Chief Executive Officer after more than 20 years of dedicated service to the Propex and Synthetic Industries families.
February 13th, 2008
Propex Announces Court Approval for Additional Access to Multimillion-Dollar Credit Facility - Chattanooga, TN.
Propex Inc. today announced that the U.S. Bankruptcy Court for the Eastern District of Tennessee (“the Court”) has approved all of the company’s motions which were set for hearing today including access to an additional $40 million of a previously announced $60 million credit facility as requested by the company. Today’s ruling will provide Propex with immediate and sufficient liquidity to continue to operate its business on an ongoing basis.
January 23rd, 2008
Propex Announces Court Approval for Multimillion-Dollar Credit Facility - Chattanooga, TN.
Propex Inc. today announced that the U.S. Bankruptcy Court for the Eastern District of Tennessee (“the Court”) has approved the previously announced $60 million credit facility on an interim basis with immediate access to $20 million as requested by the company, which is available to complement existing cash on hand. This will provide Propex with immediate and sufficient liquidity to operate its business on an ongoing basis. As is customary under Chapter 11 procedures, a final hearing for further funding under the credit facility is scheduled for February 13, 2008.
January 18th, 2008
Propex Inc. Seeks Chapter 11 Protection to Enable Restructuring - Chattanooga, TN.
Propex Inc. today announced that it has filed for protection under Chapter 11 of the U.S. Bankruptcy Code in order to right-size its balance sheet. The company will continue to operate its facilities and offices in the ordinary course of business while it restructures. Additionally, Propex has arranged a $60 million credit facility for which it will be seeking Court approval. This will provide the company with immediate and sufficient liquidity to operate its business on an ongoing basis.
Propex Announces Cash On Hand Of $58.4 Million - Chattanooga, TN.
On Thursday, November 1st, 2007, Propex announced it has cash on hand of $58.4 million for operations. Management believes this cash on hand provides adequate liquidity for normal operations while the Company and its advisors work with the lenders under the Credit Agreement to address the issue of its non-compliance with certain covenants and the long-term financing needs of the Company.
October 25th, 2007
Propex Inc. Appoints Stan Brant as Executive Vice President - Chattanooga, TN.
Stan Brant has been named Executive Vice President of Operations for Propex Inc. In his new position, Mr. Brant is responsible for directing all of the company’s geosynthetic, concrete, furnishing and industrial fabrics and fiber manufacturing activities. He is also responsible for overseeing the company’s supply chain, including distribution, purchasing and logistics.
August 9th, 2007
Propex Investor Conference Call - Chattanooga, TN.
On Thursday, August 9th, 2007, Propex held an investor conference call to discuss financial results for the three and six months ended July 1, 2007.
August 7th, 2007
Propex Announces Financial Results for Three and Six Months Ended July 1, 2007 - Chattanooga, TN.
Propex Inc. today announced its financial results for the three and six months ended July 1, 2007. A teleconference will be held to discuss second quarter 2007 results on Thursday, August 9, 2007 at 1:30 PM Eastern Time.
August 2nd, 2007
Propex to Hold Investor Conference Call on Thursday, Aug 9, 2007 - Chattanooga, TN.
Propex has announced today that it will release its 2007 second quarter results on Tuesday, Aug 7, 2007 and hold an investor telephone conference call on Thursday, Aug 9, 2007 at 1:30 PM Eastern Time to discuss the Company’s operating results for the quarter ended July 1, 2007.
May 14, 2007
Propex Investor Conference Call - Chattanooga, TN.
On Monday, May 14, 2007, Propex held an investor conference call to discuss 2007 1st Quarter results.
May 9th, 2007
Propex Announces Financial Results for Three Months Ended April 1, 2007 - Chattanooga, TN.
Propex Inc. today announced its financial results for the three months ended April 1, 2007. A teleconference will be held to discuss first quarter 2007 results on Monday, May 14, 2007 at 11:30 AM Eastern Time.
May 7th, 2007
Propex to Hold Investor Conference Call on Monday, May 14, 2007 - Chattanooga, TN.
Propex has announced today that it will release its 2007 first quarter results on Wednesday, May 9, 2007 and hold an investor telephone conference call on Monday, May 14, 2007 at 11:30 AM Eastern Time to discuss the Company’s operating results for the quarter ended April 1, 2007.
April 11th, 2007
Propex Investor Conference Call - Chattanooga, TN.
On Wednesday, April 11th, 2007, Propex held an investor conference call to discuss the Company's operating results for the year ended December 31, 2006.
April 2nd, 2006
Propex Inc. Announces 2006 Earnings Results - Chattanooga, TN.
Propex Inc. announced today its financial results for the year ended December 31, 2006. It will hold an investor telephone conference call on Wednesday, April 11, 2007 at 11:30AM Eastern Time to discuss these results.
March 27th, 2006
Propex to Hold Investor Conference Call on Wednesday, April 11, 2007 - Chattanooga, TN.
Propex Inc. (the “Company”) has announced today that it will hold an investor telephone conference call on Wednesday, April 11, 2007 at 11:30AM Eastern Time to discuss the Company's operating results for the year ended December 31, 2006.
November 17th, 2006
Propex Investor Conference Call - Chattanooga, TN.
On Friday, November 17th, 2006, Propex held an investor conference call to discuss financial results for the three and nine months ended September 30, 2006.
Propex to Hold Investor Conference Call on Friday, November 17, 2006 - Chattanooga, TN.
Propex Inc. (the “Company”) has announced today that it will hold an investor telephone conference call on Friday, November 17, 2006 at 11:30AM Eastern Time to discuss the Company's third quarter 2006 financial results.
August 15th, 2006
Propex Investor Conference Call - Chattanooga, TN.
On Tuesday, August 15th, 2006, Propex held an investor conference call to discuss financial results for the three and six months ended June 30, 2006.
Propex to Hold Investor Conference Call on Tuesday, August 15th, 2006 - Chattanooga, TN.
Propex Inc. (the “Company”) has announced today that it will hold an investor telephone conference call on Tuesday, August 15, 2006 at 10:00AM Eastern Time to discuss the Company's second quarter 2006 financial results. The Company will provide a general business update including discussion about the progress in integrating the Company with the SI companies acquired in January 2006.
Propex Fabrics Today Announced 2006 1st Quarter Financial Results. - Austell, Ga.
Propex Fabrics Inc. today announced its financial results for the quarter ended March 31, 2006. . . A teleconference will be held to discuss these results on Tuesday, May 16th @ 10:00 AM (EDT).
April 7, 2006
Propex Fabrics Investor Conference Call -
Chattanooga, TN
On Friday, April 7th, 2006, Propex Fabrics held a investor conference call to discuss 2005 financial results.
April 6, 2006
Propex Fabrics Announces 2005 Earnings Results - Corrected -
Chattanooga, TN
The press release issued by Propex Fabrics Inc. on March 31, 2006 has been revised to correct amounts reported in the supplemental earnings information
table for the year ended December 31, 2004...
March 21st, 2006
Propex Fabrics Announces New CEO -
Austell, Ga.
Joseph F. Dana has been named President and Chief Executive Officer of Propex Fabrics Inc. (the Company), effective March 20, 2006.
March 1st, 2006
Propex Fabrics Announces Sale of Roanoke, Alabama Facility -
Austell, Ga.
On March 1, 2006, Propex Fabrics Inc. (the "Company") entered into an asset sale agreement providing for the sale of the Company’s Roanoke, Alabama plant to Aladdin Manufacturing Corporation
Propex Fabrics to Hold Investor Conference Call on Tuesday, January 24th, 2006 -
Austell, Ga.
Propex Fabrics Inc. (the “Company”) has announced today that it will hold an investor telephone conference call on Tuesday, January 24, 2006 at 10:00AM Eastern Time to discuss the Company's pending acquisition of SI Concrete Systems Coporation and SI Geosolutions Corporation ("SI").
January 6th, 2006
Propex Fabrics Announces Acquisition. -
Austell, Ga.
Propex Fabrics Inc. (“Propex”) and SI Concrete Systems Corporation and SI Geosolutions Corporation (“SI”) announced today that a definitive agreement has been entered into whereby Propex will purchase SI.
Propex Fabrics Inc. Announces the Resignation of it's Chief Executive Officer. -
Austell, Ga.
After three years of strong leadership culminating in the successful transition of Propex Fabrics from a business of BP plc.,
Bradford T. Mortimer has announced his resignation as Director, President and CEO of Propex Fabrics Inc ...
Propex Fabrics Inc. Announces Delay in Filing its Annual Report -
Austell, Ga.
Propex Fabrics Inc. today announced that it will require additional time to complete the appraisal and revaluation of its assets under purchase accounting in connection with the Company's acquisition on December 1, 2004 . . .
February 25, 2005
Propex Fabrics Inc. Commences Exchange Offer for its 10% Senior Notes due 2012 -
Austell, Ga.
Propex Fabrics Inc. today announced that it is commencing an exchange offer to exchange its 10% Exchange Senior Notes due 2012, which have been registered under the Securities Act, for any and all of its outstanding 10% Senior Notes due 2012 . . .
December 1, 2004
Propex Fabrics Inc. Completes Acquisition of BP Fabrics and Fibers Business -
Houston, San Francisco and Austell, Ga.
Propex Fabrics
Inc., a subsidiary of Propex Fabrics Holdings Inc. (formerly AFFC Holdings, Inc.), today
announced it has finalized the acquisition of BP’s Amoco Fabrics and Fibers subsidiary and its
associated assets . . .
