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| | PBGC Liens Force Plymouth Rubber into Chapter 11 Reorganization |
 | | For several months, Plymouth has been negotiating the refinancing of its secured debt, based upon the expected sale of its Canton, MA, real estate, and a contract has been signed for the sale and leaseback of the property. |
 | | Plymouth intends to meet its financial obligations, including secured, trade, and pension, as fully as possible within the process of Chapter 11, and to emerge as a stronger and more profitable company," added Mr. |
 | | Plymouth announced in March, 2005, that it planned to discontinue manufacturing operations at its Canton, MA, site, beginning in 2006, in favor of lower-cost production from the joint venture and other foreign or domestic sources. |
| www.theautochannel.com /news/2005/07/06/136945.html (580 words) |
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