Huntsman plant damaged by fire, offline.SALT LAKE CITY -- Huntsman Corp. reported that its manufacturing plant in Port Arthur Port Arthur, city, Canada Port Arthur: see Thunder Bay, Ont., Canada. Port Arthur, city, China Port Arthur: see Lüshun, China. , TX was the scene of a major fire. "Though investigators are in the very early stages of assessing the impact of the fire, it appears that the damage is significant and the plant could be offline (1) Not connected to the Internet, online service or internal network. See offline file. (2) Not connected to or not installed in the computer. If a terminal, printer or other device is physically connected to the computer, but is not turned on or in ready mode, it is for several months," the company said in a news release. In the first quarter, the plant's olefins and other chemical production accounted for earnings before interest, taxes, depreciation and amortization Earnings before interest, taxes, depreciation and amortization (EBITDA) is a non-GAAP metric that can be used to evaluate a company's profitability.
Huntsman said it believes the incident "will not significantly impact its plan to pursue a sale or spin off of certain of its commodity assets." |
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