Borden Chemicals & Plastics expects slight loss in first quarter; cites higher costs for natural gas.COLUMBUS, Ohio--(BUSINESS WIRE)--March 12, 1996--Borden Chemicals & Plastics Limited Partnership (NYSE NYSE See: New York Stock Exchange Symbol: BCU BCU British Canoe Union BCU Basic Command Unit (British Police) BCU Big Close-Up BCU Bus Controller Unit BCU Battery Coolant Unit BCU Bandwidth Control Unit BCU Beer Cans Unlimited (collectors) ) said today its first-quarter operating results will be below analyst estimates and it expects to show a slight loss for the period ended March 31. The commodity chemicals producer said dramatically higher costs for natural gas, combined with flat pricing for polyvinyl chloride polyvinyl chloride (PVC), thermoplastic that is a polymer of vinyl chloride. Resins of polyvinyl chloride are hard, but with the addition of plasticizers a flexible, elastic plastic can be made. resins resins, n.pl complex, insoluble, sticky substances secreted by plants. Used as astringents, antimicrobials, and antiinflammatories, and are burned as incense. Can cause oral ulcers and epidermal irritations. and only moderate price improvement for methanol methanol, methyl alcohol, or wood alcohol, CH3OH, a colorless, flammable liquid that is miscible with water in all proportions. Methanol is a monohydric alcohol. It melts at −97. , are having an adverse effect on results for the period. The partnership said it still expects to pay a quarterly distribution to unitholders. The partnership will announce first quarter results and declare its quarterly distribution April 23. Borden Chemicals & Plastics produces polyvinyl chloride resins, methanol and derivatives, and nitrogen products at manufacturing facilities in Geismar and Addis, La., and Illiopolis, Ill. CONTACT: Borden Chemicals & Plastics, Columbus Peter F. Loscocco, 614/225-4482 |
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