Mosaic gives update Hurricane Irma impact

Mosaic gives update on Hurricane Irma impact

9:34 AM, 21st September 2017
Mosaic logo

PLYMOUTH, US: The Mosaic Company (MOS) gives the following update on its third quarter business performance in relation with Hurricane Irma.

Prior to the hurricane, profitability metrics were tracking ahead of the third quarter guidance with good demand and strong operational performance. While Mosaic was fortunate to have avoided significant damages in connection with Hurricane Irma, the company expects approximately 250,000 to 350,000 tonnes of lower production in the month of September. 

Together with the damage to Mosaic's Bartow warehouse, this could result in a loss of up to 400,000 tonnes of finished phosphate product. 

Mosaic concluded that it will provide additional information on the impact of the hurricane.

© Worldofchemicals News 

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