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Axiall aims to restart Lake Charles VCM before second quarter

12:33 PM MST | February 14, 2014 | Clay Boswell

Axiall (Atlanta) expects to resume operations at its PHH vinyl chloride monomer (VCM) manufacturing facility in Lake Charles, LA, near the end of the first quarter, the company announced on 6 February.

Axiall shut the unit down after a fire on 20 December and declared force majeure. The company expects the outage to reduce first quarter 2014 operating income by approximately $25 million, but says it will have minimal impact on fourth-quarter 2013 results.

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