Quantcast
 
New ETF Book by Larry Connors - Click here to read more


 

Flint Hills shuts down Port Arthur plant for 30 days

Tue. December 02, 2008; Posted: 02:12 AM
Stocks RSS
PORT ARTHUR, Dec 02, 2008 (The Port Arthur News - McClatchy-Tribune Information Services via COMTEX) -- HUN | Quote | Chart | News | PowerRating -- Flint Hill Resources has idled operations for 30 days in the middle of the holiday season because of global economic conditions, Katie Stavinoha, a company spokesperson, said.

"We have temporarily shut down production at the plant in Port Arthur due to decreased demand for chemicals and the softening economy," Stavinoha said. "We will resume operations when the market outlook improves. This (action) does not prompt immediate layoffs. We will reopen the plant once the market improves."

The plant on Savannah Avenue employs 185 workers. The company said it would shut down its Odessa plant permanently after the first half of 2009. Otherwise, Stavinoha said the chemical company's plants at other locations are financially solvent.

In a prior News article, Flint Hills Resources completed its largest acquisition to date when the company purchased Port Arthur's Huntsman Corp. along with associated area pipelines and a product storage area for a total purchase price of $770 million.

"Our company has long wanted to add an olefins cracker to our manufacturing capability. We are very excited to be a part of the Port Arthur community and in this new production area," Kevin Radke, plant manager for Flint Hills said at the time.

Flint Hills Resources chemical plants -- with locations in Illinois, Michigan and Texas plants in Longview, Corpus Christi and Odessa -- have the capability to produce 10 billion pound of petrochemicals annually.

The local pipeline system is operated by Koch Pipeline Co., L.P., and affiliate of Flint Hills.

To see more of The Port Arthur News or to subscribe to the newspaper, go to http://www.panews.com/. Copyright (c) 2008, The Port Arthur News, Texas Distributed by McClatchy-Tribune Information Services. For reprints, email tmsreprints@permissionsgroup.com, call 800-374-7985 or 847-635-6550, send a fax to 847-635-6968, or write to The Permissions Group Inc., 1247 Milwaukee Ave., Suite 303, Glenview, IL 60025, USA.

For full details on Huntsman (HUN) click here. Huntsman (HUN) has Short Term PowerRatings of 4. Details on Huntsman (HUN) Short Term PowerRatings is available at This Link.

    


More News:   Market Updates | Stock Alerts | All Trading News | Stock Index

Email
Print
Archives
Feedback
Email Article Link
Close X
Recipients email address
Your name
Your email
Add a note (optional)




Stocks RSS





Related News [HUN]
PREMIER SPONSORED LINKS
TRADE CENTER
 
The TradingMarkets Directory
RELATED SITES
Nothing but forex
Please call 1-213-955-5858 ext. 1

About TradingMarkets | Contact | Advertise | Careers | Link to Us | Site Map | Help | Terms & Conditions | Privacy Policy | Return Policy | Testimonials | Feedback

Disclaimer:

The Connors Group, Inc. ("Company") is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities or currencies customers should buy or sell for themselves. The analysts and employees or affiliates of Company may hold positions in the stocks, currencies or industries discussed here. You understand and acknowledge that there is a very high degree of risk involved in trading securities and/or currencies. The Company, the authors, the publisher, and all affiliates of Company assume no responsibility or liability for your trading and investment results. Factual statements on the Company's website, or in its publications, are made as of the date stated and are subject to change without notice.

It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable or that they will not result in losses. Past results of any individual trader or trading system published by Company are not indicative of future returns by that trader or system, and are not indicative of future returns which be realized by you. In addition, the indicators, strategies, columns, articles and all other features of Company's products (collectively, the "Information") are provided for informational and educational purposes only and should not be construed as investment advice. Examples presented on Company's website are for educational purposes only. Such set-ups are not solicitations of any order to buy or sell. Accordingly, you should not rely solely on the Information in making any investment. Rather, you should use the Information only as a starting point for doing additional independent research in order to allow you to form your own opinion regarding investments. You should always check with your licensed financial advisor and tax advisor to determine the suitability of any investment.

HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN INHERENT LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING AND MAY NOT BE IMPACTED BY BROKERAGE AND OTHER SLIPPAGE FEES. ALSO, SINCE THE TRADES HAVE NOT ACTUALLY BEEN EXECUTED, THE RESULTS MAY HAVE UNDER- OR OVER-COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN.

The Connors Group, Inc.
15260 Ventura Blvd., Ste. 2200
Sherman Oaks, CA 91403

© Copyright 2009 The Connors Group, Inc.


All analyst commentary provided on TradingMarkets.com is provided for educational purposes only. The analysts and employees or affiliates of TradingMarkets.com may hold positions in the stocks or industries discussed here. This information is NOT a recommendation or solicitation to buy or sell any securities. Your use of this and all information contained on TradingMarkets.com is governed by the Terms and Conditions of Use. Please click the link to view those terms. Follow this link to read our Editorial Policy.

© 2009 The Connors Group, Inc.