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News Breaks
April 14, 2014
17:01 EDTAXLLAxiall sees Q1 adjusted EBITDA $65M-$70M
Axiall Corporation announced that the damage from the December 20 fire at its PHH vinyl chloride monomer manufacturing facility at the company’s chemicals complex in Lake Charles, Louisiana, has been repaired and the facility has resumed operations. The facility is expected to reach full operating rates in May. On February 19, the company described its expectation that the first quarter would be impacted by three significant headwinds: the PHH incident, severe winter weather and a sequential increase to normal maintenance spending. “During this period of lower production and sales, we increased maintenance spending by an additional approximately $10M compared to what we described February 19 to prepare our plants to run at high operating rates for the remainder of the year,” the company said. Based on these factors, the company expects to report $65M-$70M of adjusted EBITDA for Q1.
News For AXLL From The Last 14 Days
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October 14, 2014
16:13 EDTAXLLSoroban Capital Partners reports 9.97% passive stake in Axiall
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October 9, 2014
10:00 EDTAXLLOn The Fly: Analyst Initiation Summary
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