Elementis PLC
23 September 2004
PRESS INFORMATION
ELEMENTIS plc
Flooding at Easton (Penn, US) Pigments Plant
Staines, UK, 23 September 2004: Elementis plc (LSE:ELM) today announced that
production of certain products at its Pigments plant at Easton (Penn, US) has
been affected by a severe flash flood in the Easton area. Initial infrastructure
and inventory damage assessment is still ongoing. Appropriate insurance cover is
in place. However, management currently anticipates there will be a cost impact
for the year ending 31 December 2004. As a result of this incident and other
factors already reported at the half year, management believes that year end
profit estimates will be at the lower end of market expectations.
Production of Copperas Red iron oxides has already resumed and all possible
measures are in place to prevent or mitigate any interruption to customer
supplies. The Easton site is one of six Elementis Pigments production plants
worldwide. A further plant is currently being commissioned at Taicang, China.
It is not currently anticipated that this incident will affect business
performance beyond 2004.
- Ends -
Enquiries
Elementis plc
Tel: +44 (0)1784 227 000
Geoff Gaywood Chief Executive
Brian Taylorson Finance Director
Hilary Reid Evans Head of Corporate Communications
Brunswick Group LLP
Tel: +44 (0) 207 404 5959
Andrew Fenwick
Wendel Carson
This information is provided by RNS
The company news service from the London Stock Exchange
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