PPG Declares Force Majeure for Some Chemicals After Fire

PPG Industries Inc. declared force majeure for vinyl chloride monomer produced at its Lake Charles, Louisiana, chemicals complex and for all grades of liquid caustic soda after a Dec. 24 fire at the plant.

The disruption will likely cut PPG’s commodity-segment earnings by $5 million to $8 million in the fourth quarter, the company said today in a statement.

To contact the reporter on this story: Simon Casey in New York at scasey4@bloomberg.net

To contact the editor responsible for this story: Simon Casey at scasey4@bloomberg.net

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.