Risk Factors Update Summary
- Implementation of restructuring plan to optimize PMMA sheet network, closing plants and product lines. This may result in significant cost savings and increased profitability.
- Closure of manufacturing operations at multiple facilities to reduce costs and improve profitability. This includes closing plants in Denmark, Mexico, and Italy.
- Volatility in raw material costs, including butadiene, BPA, MMA, and styrene, may impact financial results. These raw materials represent approximately 31% of total cost of goods sold.
- Closure of the Terneuzen, Netherlands styrene plant to reduce production risk, lower capital expenditures, and carbon footprint.
- Increased energy costs, shipping costs, and supply constraints due to global conflicts could adversely impact financial results.
- Deterioration of credit profile may limit access to commercial credit, impacting cost and availability of capital.
- Legal proceedings related to environmental damage or personal injuries could lead to civil and criminal penalties, affecting product sales and profitability.
Full Text Changes in Most Recent 10-K
Intended use: review the highlighted statements. These are additions to the risk factors disclosure in the most recent 10-K filing compared to the previous 10-K filing. Deleted and moved text is less important and is shown for context.
To view the full company filings, click on the following link to be taken to the SEC EDGAR database landing page for the company: https://www.sec.gov/edgar/browse/?CIK=1519061&owner=exclude
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