Wednesday, February 20, 2008

C & H Boosts Production

Word floating about the refinery is that C & H has gone on a 6 day week to raise production in order to benefit from Imperial's loss resulting from the Gorgia explosion.

Feb. 19, 2008, 10:26PMImperial says fire did much damage
Copyright 2008 Houston Chronicle News Services
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Imperial Sugar Co. said "significant portions" of its refinery near Savannah, Ga., appear to have been "seriously damaged" by the fire that killed nine workers earlier this month.
The refinery's bulk storage capacity and its packaging facilities were among the areas damaged in the Feb. 7 explosion and subsequent fire, Sugar Land-based Imperial said Tuesday in a filing with the Securities and Exchange Commission.
The assessment was made during a "preliminary visual inspection" from beyond the perimeter of the damaged area, Imperial Sugar said. A full assessment won't be made until the company's engineers have access to the factory, after regulatory investigations are completed, Imperial Sugar said.
The plant accounts for about 58 percent of the company's refining capacity and 9 percent of U.S. refined sugar capacity, said Jonathan Lichter, an analyst at Sidoti & Co.

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