Georgia Gulf announces reduction in PVC production

Georgia Gulf announces reduction in PVC production

1:38 PM, 15th April 2011
Georgia Gulf announces reduction in PVC production
Paul Carrico, President and CEO, Georgia Gulf.

 

ATLANTA, US: Georgia Gulf announced, due to reduced ethylene supply and reduced operating rates for chlorine at its production facility in Plaquemine, it has declared a force majeure event for PVC (polyvinyl chloride) shipments. The company expects the force majeure to impact PVC shipments for the next few months.

“The reduced ethylene supply is the result of a force majeure declared by a major supplier that significantly impacted our ability to procure this essential ingredient for producing PVC. The reduced operating rate at our Plaquemine chloralkali facility is due to operational issues that have decreased the plant’s effective production capacity by approximately 33 per cent,” said Joseph Breunig, Executive Vice President – Chemicals, Georgia Gulf. An evaluation of the operational issues is being conducted and the length and cost of necessary repairs is still being analyzed. 

“Despite this unexpected reduction in production capacity, we expect to benefit from the improving North American chemicals environment and believe that we will deliver results at the top end of our guidance of $ 245-265 million of adjusted EBITDA for 2011,” said Paul Carrico, President and CEO, Georgia Gulf. The company expects to announce its financial results for the first quarter of 2011 in the first week of May.

(C) WOC News

 

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