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Fibrant Completes Plant Shutdown, Files for Chapter 11

Submitted by jhartgen@abi.org on

More than 18 months after Fibrant LLC announced it would shutter its large caprolactam facility in east Augusta, the company made it official on Friday through a federal bankruptcy filing announced yesterday, the Augusta (Ga.) Chronicle reported. ormerly known as DSM Chemicals North America, the plant produced the raw material used in synthetic carpet fibers and had operated since 1966. The complex employed 700 at peak employment. Fibrant said at the time of its filing in the U.S. Bankruptcy Court Southern District of Georgia it owed approximately $11 million in unsecured claims, mainly trade debt, and $20 million in long-term contract claims.