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PPG declares force majeure at Lake Charles

8:00 AM MST | December 27, 2012 | Vincent Valk

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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