PPG Declares Force Majeure for Some Chemicals After Fire
By Simon Casey -
2012-12-27T13:21:34Z
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
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