Axiall Provides Update on Repairs at Lake Charles, Louisiana, Chemicals Facility
ATLANTA--(BUSINESS WIRE)--Feb. 6, 2014-- Axiall Corporation today updated its assessment of the PHH vinyl chloride monomer manufacturing facility at the company’s Lake Charles chemicals complex in Louisiana that was affected by the December 20 fire. Based on its current assessment the company anticipates operations to resume near the end of the first quarter of 2014. The company estimates that the repairs and lost production will have minimal impact on fourth quarter 2013 financial results but will reduce first quarter 2014 operating income by approximately $25 million.