Monitchem Holdco 2 S.A.
Monitchem Holdco 2 S.A.: Update: Failure of transformer at Pratteln site – CABB implements operative measures to reduce negative impact on operational performance
Monitchem Holdco 2 S.A. / Key word(s): Annual Results Update: Failure of transformer at Pratteln site – CABB implements operative measures to reduce negative impact on operational performance Sulzbach (Taunus), October 25, 2018 – Since yesterday, at its site in Pratteln, CABB materially mitigates the reduced output of its electrolysis resulting from a transformer failure via utilization of externally sourced chlorine. In the event that the transformer will remain out of service until year-end, the usage of externally sourced Chlorine could reduce the impact on CABB Group’s operating EBITDA from initially approximately EUR 10 million to approximately EUR 6 million for 2018. At this point in time, it cannot be determined whether the failure will have any effect on the operating performance of CABB Group in 2019. CABB Group’s management continues to work on rectification of the transformer failure and will continue to inform about further developments.
25-Oct-2018 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
Language: | English |
Company: | Monitchem Holdco 2 S.A. |
488, route de Longwy | |
1940 Luxemburg | |
Luxemburg | |
Phone: | +352 2686811 |
ISIN: | XS1074935492, XS1074933794 |
WKN: | A1ZKFN |
Listed: | Regulated Unofficial Market in Berlin, Frankfurt, Hamburg, Hanover; Luxembourg Stock Exchange |
End of Announcement | DGAP News Service |