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Unigel Participacoes SA
Av. Eng. Luis Carlos Berrini
105, 11 Andar
Phone: +55 1125046100p:+55 1125046100 SAO PAULO, 04.571-010  Brazil
Filed for Reorganization Proceedings on 2/21/2024
On 2/21/2024, Unigel Participacoes SA and certain of its subsidiaries, Unigel Luxembourg, Proquigel Química S.A., Companhia Brasileira de Estireno, and Plastiglas de Mexico S.A. de C.V., filed two consensual Extrajudicial Reorganization (Recuperaçao Extrajudicial) plans with the 2nd Bankruptcy State Court for the Sao Paulo District of the State of Sao Paulo. The EJ Plans currently contemplate that only certain financial creditors designated thereto will have their claims against the Company Parties restructured under the EJ Plans.
On 11/15/2024, Unigel Participacoes S.A. filed a Chapter 15 Bankruptcy Petition #24-11982 in the U.S. Bankruptcy Court for the Southern District of New York (Manhattan) in order to gain recognition of its Extrajudicial Reorganization dated 2/21/2024
Business Summary
Unigel Participacoes SA is a Brazil company active in the chemicals industry. The Company acts as a holding company and with its subsidiaries form the Group. The Group is an intermediate chemicals producer operating in the midstream of the petrochemical industry value chain. In general terms, the Group receives basic petrochemicals, process them into intermediate and final chemical products and supply them to other businesses for further processing or to final producers to produce the end-use product. The Group segments are Acrylics and Styrenics. The Acrylics segment buys, manufactures and distributes acrylic materials in Mexico and Brazil. The Styrenics segment buys, manufactures and distributes styrene and polysterene in Brazil.
(Source: 10-K405)

Scores and Ratings
FRISK®
Score		 Z''
Score		 PAYCE®
Score		 DBT
Index		 Moody's
Rating		 Fitch
Rating		 DBRS
Rating
---Yes-Yes-

Financials, News and Filings
Latest
Statement		 Last
Audit
News		 SEC
Filings		 Bankruptcy
Filings		 Suit &
Judgment
Filings		 Tax
Lien
Filings
--Yes-Yes--

Industries
SIC Code Description
2869 Industrial organic chemicals, not elsewhere classified
6719 Offices of holding companies, not elsewhere classified

Officers and Directors

Title
Name
Age		 Title
Date		 Start
Date
Chief Executive Officer RobertoNoronha Santos 10/10/2024 10/1/2018
Member of the Board WeberFerreira Porto 10/10/2024 10/10/2024
Member of the Board Marc B.Szlezynger
4 additional Officers and Directors records available in full report.

Subsidiaries
Business Name Address City State/Province Country
Unigel Luxembourg S.A. Luxembourg
Proquigel Quimica S/A Rua Hidrogenio 824 Camacari Bahia Brazil
Plastiglas de Mexico S.A. de C.V. Acueducto del Alto Lerma Ocoyoacac EM Mexico
Companhia Brasileira de Estireno Avenida Santos Dumont, 4444- Jd. Conceicaozinha Guaruja SP Brazil

Business Names
Business Name
Companhia Brasileira de Estireno
Plastiglas de Mexico S.A. de C.V.
Proquigel Qumica S.A.
Unigel Luxembourg S.A.


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Tuesday, November 19, 2024