PPG declares force majeure at Lake Charles

PPG has declared force majeure at its Lake Charles, LA, commodity chemicals plant for vinyl chloride monomer (VCM) and all grades of caustic soda after a fire on 24 December. The fire impacted the VCM unit and sent one employee to the hospital. No off-site environmental damage was recorded. PPG expects lost sales and damage from the fire to negatively impact fourth-quarter earnings for the commodity chemicals segment by $5–$8 million. The incremental impact from the fire on full-year 2012 earnings for the segment is expected to be $2–$5 million, PPG...

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