AEP: Liquidation of Fiap film operation in Italy

Flexible packaging maker AEP Industries Inc. is liquidating Fabbrica Italiana Articoli Plastici SpA, its PVC film-making operation in Turate. AEP made the decision after Fiap posted a loss of US$4 million in the first nine months of AEP’s fiscal 2003, which began in November.The liquidation is expected to be completed sometime in 2004.

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