Tuesday June 27, 2006 | ${log.root}/lowem.log Inflation, Investing and Everything |
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A worker accidentally tripping a shut-off switch at a major Ontario plastics plant will cost Nova Chemicals Corp. $11 million in lost profit, the company said, because it won't be able to fulfill some contracts because of the blunder. A contractor's employee installing a structural steel platform at an ethylene plant in Corunna, Ontario, mistakenly activated a process shutdown switch, halting production and forcing two weeks of repairs at the facility. Nova has launched an investigation into just how the worker hit the button, but the company said its priority is repairing the facility. The Corunna plant is one of Canada's largest plastics facilities, capable of supplying up to 40% of the country's primary petrochemical market. The plant processes crude oil, natural gas condensates and liquids into products like ethylene, propylene, benzene and toluene. Those are in turn used to make plastic resins for the manufacture of small appliances, plastic bottles, carpets, cosmetics and other items. The facility, located near Sarnia, Ontario, 180 miles (290 kilometers) southwest of Toronto, has about 1,000 employees. - Oops? (2006-06-27 22:31:37 SGT)
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