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Axiall says outages to reduce third-quarter earnings

September 18, 2013 | Robert Westervelt

Axiall says that costs and operating impacts related to several planned turnarounds will reduce third-quarter adjusted Ebitda by $10–12 million. Company officials said on 1 August that planned outage costs would increase in the third quarter compared with the second quarter and that operating rates would be slightly lower in the third quarter. “Since that time, we elected to extend our planned vinyl chloride monomer and [polyvinyl chloride] turnarounds to further improve reliability,” says Axiall president and CEO Paul Carrico. “Also, we...

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