AdvanSix Provides Update on Plant Production Rates
AdvanSix (NYSE: ASIX) announced that it has experienced a process-based operational disruption at its Frankford, Pennsylvania manufacturing site.
- AdvanSix (NYSE: ASIX) announced that it has experienced a process-based operational disruption at its Frankford, Pennsylvania manufacturing site.
- As a result, phenol and acetone production at the Frankford facility, as well as production at its Hopewell and Chesterfield, Virginia facilities, have been reduced.
- “We are keenly focused on the safe return of our operations to target rates and working collaboratively with our customers to mitigate the impact of our reduced output on their operations,” said Erin Kane, president and CEO of AdvanSix.
- “We are confident in our action plan at Frankford and our ability to enable a return to planned utilization rates across our integrated value chain by the end of January.