Georgia Gulf’s Loss Widens; Plans Sale of More Noncore Assets

Georgia Gulf reported a net loss of $69.5 million in the first-quarter, compared to a net loss of $34.6 million in the year-ago quarter. The company says it will target further cost-reduction initiatives and more aggressive sales of noncore assets this year. Georgia Gulf has been struggling to remain profitable in the wake of its 2006 acquisition of Royal Group Technologies and the U.S. housing market downturn (CW, April 11/18, 2007, p. 9). “While we made progress on many of our goals, we are disappointed by our financial results for the...

This information is only available to Chemical Week subscribers.

Forgot your user ID or password?
Click here to have it sent to you.

Email Address First Name Last Name

Not an IHS Chemical Week 24/7 member yet? Here's why you should be: Searchable online archive access of the last 2 years of Chemical Week. Print or digital magazine subscription Price and market change alerts Economic data and statistics Buyers' Guides Webcasts | whitepapers