Ashland declares force majeure in Europe on 1.4 butanediol, tetrahydrofuran and formaldehyde after fire shuts down production...
August 11 2017 - 12:45PM
COVINGTON, Kentucky, August 11,
2017 - Ashland (NYSE: ASH) today announced it has declared a force
majeure in Europe on 1.4 butanediol (BDO), tetrahydrofuran (THF)
and formaldehyde as a result of a fire at its manufacturing
facility in Marl, Germany, that led to the shutdown of production
operations on August 10.
Production has been suspended
while an investigation into the cause and extent of the fire takes
place. As a result, the Marl facility is currently unable to
produce any 1.4 BDO, THF or formaldehyde, and the availability of
product is significantly reduced.
Ashland is working with affected
customers to minimize the impact to their respective businesses,
and will continue to provide updates regarding supply
capability.
About
Ashland
Ashland Global Holdings Inc.
(NYSE: ASH) is a premier global specialty chemicals company serving
customers in a wide range of consumer and industrial markets,
including adhesives, architectural coatings, automotive,
construction, energy, food and beverage, personal care and
pharmaceutical. At Ashland, we are nearly 7,000 passionate,
tenacious solvers - from renowned scientists and research chemists
to talented engineers and plant operators - who thrive on
developing practical, innovative and elegant solutions to complex
problems for customers in more than 100 countries. Visit
ashland.com to learn more.
C-ASH
FOR FURTHER INFORMATION:
Investor Relations:
Seth A. Mrozek
+1 (859) 815-3527
samrozek@ashland.com
Media Relations:
Gary Rhodes
+1 (859) 815-3047
glrhodes@ashland.com
This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Ashland Inc. via Globenewswire
Ashland (NYSE:ASH)
Historical Stock Chart
From Aug 2024 to Sep 2024
Ashland (NYSE:ASH)
Historical Stock Chart
From Sep 2023 to Sep 2024