Methanex
Corporation MEOH announced today
it expects to idle its Chile operation in March 2013 due to
anticipated insufficient natural gas supply. Methanex is currently
operating one plant in Chile at low operating rates. In 2013, planned
output from this plant represents less than 5% of Methanex's total
production.
John Floren, President and CEO, Methanex Corporation, commented, "Due
to continued natural gas supply challenges, we do not expect to have
sufficient feedstock to keep our Chile plant operating through the
southern hemisphere winter. Our current expectation is that
resumption of our plant operation would be possible later in the
year."
Methanex is a Vancouver-based, publicly traded company and is the
world's largest supplier of methanol to major international markets.
Methanex shares are listed for trading on the Toronto Stock Exchange
in Canada under the trading symbol "MX"; on the NASDAQ Global Market
in the United States under the trading symbol "MEOH"; and on the
Foreign Securities Market of the Santiago Stock Exchange in Chile
under the trading symbol "Methanex". Methanex can be visited online
at www.methanex.com.
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