PPG Industries ( PPG ) says it has declared force majeure for vinyl chloride monomer manufactured at the company's Lake Charles, La., chemicals complex and for all grades of liquid caustic soda on a systemwide basis. 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 Charles chemicals complex. The fire affected the vinyl chloride monomer unit and did not result in any off-site environmental impact. One employee was transferred to the hospital and is currently being treated.
Shares of PPG are steady in the pre-market session at $137.74, in the high end of a 52-week range of $82.45 - $136.22.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
