Methanex (MEOH) Shutters Egyptian Methanol Plant on Unrest in the Region
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Methanex Corporation (Nasdaq: MEOH) issued the following statement today regarding the status of its operations in Egypt.
Bruce Aitken, President and CEO of Methanex, stated, "Following recent unrest that has affected various industries in Damietta, Egypt, we have made the decision to shut down the methanol plant. We do not believe that EMethanex is the focus of the unrest. Our immediate priority remains the safety and security of our employees and contractors. We are confident that we are positioned to restart the plant in a timely manner once order has been restored to the area."
Bruce Aitken, President and CEO of Methanex, stated, "Following recent unrest that has affected various industries in Damietta, Egypt, we have made the decision to shut down the methanol plant. We do not believe that EMethanex is the focus of the unrest. Our immediate priority remains the safety and security of our employees and contractors. We are confident that we are positioned to restart the plant in a timely manner once order has been restored to the area."
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