PolyOne Announces the Lifting of Force Majeure from the SunBelt Chlor Alkali Partnership
October 06 2008 - 7:03PM
PR Newswire (US)
CLEVELAND, Oct. 6 /PRNewswire-FirstCall/ -- PolyOne Corporation
(NYSE: POL), along with Olin Corporation, today announced the
lifting of force majeure declared on September 17, 2008 for caustic
soda shipments from the SunBelt Chlor Alkali Partnership plant
located in McIntosh, Alabama. About PolyOne PolyOne Corporation,
with annual revenues of more than $2.7 billion, is a premier
provider of specialized polymer materials, services and solutions.
Headquartered outside of Cleveland, Ohio USA, PolyOne has
operations around the world. For additional information on PolyOne,
visit our new Web site at http://www.polyone.com/. Forward-looking
Statements In this press release, statements that are not reported
financial results or other historical information are
"forward-looking statements" within the meaning of the Private
Securities Litigation Reform Act of 1995. Forward- looking
statements give current expectations or forecasts of future events
and are not guarantees of future performance. They are based on
management's expectations that involve a number of business risks
and uncertainties, any of which could cause actual results to
differ materially from those expressed in or implied by the
forward-looking statements. They use words such as "will,"
"anticipate," "estimate," "expect," "project," "intend," "plan,"
"believe," and other words and terms of similar meaning in
connection with any discussion of future operating or financial
performance and/or sales. Factors that could cause actual results
to differ materially from those implied by these forward- looking
statements include, but are not limited to: the effect on foreign
operations of currency fluctuations, tariffs, and other political,
economic and regulatory risks; changes in polymer consumption
growth rates in the markets where PolyOne conducts business;
changes in global industry capacity or in the rate at which
anticipated changes in industry capacity come online; fluctuations
in raw material prices, quality and supply and in energy prices and
supply; production outages or material costs associated with
scheduled or unscheduled maintenance programs; unanticipated
developments that could occur with respect to contingencies such as
litigation and environmental matters; an inability to achieve or
delays in achieving or achievement of less than the anticipated
financial benefit from initiatives related to cost reductions and
employee productivity goals; an inability to raise or sustain
prices for products or services; an inability to maintain
appropriate relations with unions and employees; and other factors
affecting our business beyond our control, including, without
limitation, changes in the general economy, changes in interest
rates and changes in the rate of inflation. The above list of
factors is not exhaustive. We undertake no obligation to publicly
update forward-looking statements, whether as a result of new
information, future events or otherwise. You are advised to consult
any further disclosures we make on related subjects in our reports
on Form 10-Q, 8-K and 10-K that we provide to the Securities and
Exchange Commission. DATASOURCE: PolyOne CONTACT: Robert M.
Patterson, Senior Vice President and Chief Financial Officer of
PolyOne, +1-440-930-3302 Web site: http://www.polyone.com/
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