PPG Industries Declares Force Majeure for Vinyl Chloride Monomer, Liquid Caustic SodaPaul QuintaroBenzinga
PPG Industries (NYSE: PPG) today announced that it has declared force majeurefor vinyl chloride monomer manufactured at the company's Lake Charles, La.,chemicals complex and for all grades of liquid caustic soda on a systemwidebasis. The company did not provide an end date for the force majeure.
This force majeure is a direct result of a Dec. 24 fire at the Lake Charleschemicals complex. The fire affected the vinyl chloride monomer unit and didnot result in any off-site environmental impact. One employee was transferredto the hospital and is currently being treated.(c) 2012 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.