Venator announced that Louisiana Pigment Company, L.P., its joint venture titanium dioxide production facility located in Lake Charles, Louisiana, has resumed production. The facility had temporarily ceased production due to supplier outages caused by Hurricane Laura.
Venator expects the EBITDA impact of the outage to be up to $10 million in the third quarter.
"I am pleased with the rapid response by the management team and associates at the LPC facility to safely resume production as soon as energy and raw material supply were restored," said Simon Turner, president and CEO of Venator.
"We are continuing to cooperate in the preparation of regulatory filings required for SK Capital to acquire Huntsman's equity stake in Venator. The transaction by which SK Capital will acquire Huntsman's stake in Venator received prior approval by the non-conflicted independent members of our board, and we look forward to the expected closing of that transaction near year-end."
