Incitec Pivot flags $45m loss from plant outages

Company News

by Anna Napoli

Industrial explosives maker, Incitec Pivot (ASX:IPL) says unplanned outages at two of its plants are expected to impact its earnings by around $45 million.

The Louisiana plant has been impacted by downtime caused by issues in the plant's CO2 removal system.

The company says the outage is expected to result in a full in production for the 2019 fiscal year of about 80 000 tonnes.

Additionally the company's Phosphate Hill facility was affected by a leak in its phosphoric acid plant.

Shares in Incitec Pivot (ASX:IPL) are trading 8.99 per cent lower at $3.24.

Anna Napoli

Finance News Network
Anna joined FNN February 2018 and also works with Channel 7 as a freelance producer. Anna has also worked as a lawyer and lecturer. She has also presented news updates for interstate news with Southern Cross Austereo.