Disruptions to Rail Service Could Impact Chemtrade Operations
17 Febrero 2020 - 2:34PM
Business Wire
Any significant reduction of
rail service resulting from the various blockades across Canada
could have a material impact on the operations of Chemtrade
Logistics Income Fund (TSX: CHE.UN). Given the fluid nature of the
blockades and the complexity of the rail network, it’s difficult to
predict the extent of rail service disruption and its impact on
Chemtrade’s various sites and Chemtrade’s third party
suppliers.
Chemtrade and many of its customers and suppliers ship most of
their products by rail. In the vast majority of cases, there is no
viable alternate mode of shipment. Chemtrade is currently unable to
determine the scope of the impact of these disruptions to normal
rail service, but a significant reduction in rail availability is
likely to have a material financial impact on Chemtrade.
About Chemtrade
Chemtrade operates a diversified business providing industrial
chemicals and services to customers in North America and around the
world. Chemtrade is one of North America’s largest suppliers of
sulphuric acid, spent acid processing services, inorganic
coagulants for water treatment, sodium chlorate, sodium nitrite and
phosphorus pentasulphide. Chemtrade is a leading regional supplier
of sulphur, chlor-alkali products, liquid sulphur dioxide,
potassium chloride, sodium hydrosulphite and zinc oxide.
Additionally, Chemtrade provides industrial services such as
processing by-products and waste streams.
Caution Regarding Forward-Looking Statements
Certain statements contained in this news release constitute
forward-looking statements within the meaning of certain securities
laws, including the Securities Act (Ontario). Forward-looking
statements can be generally identified by the use of words such as
“anticipate”, “continue”, “estimate”, “expect”, “expected”,
“intend”, “may”, “will”, “project”, “plan”, “should”, “believe” and
similar expressions. Specifically, forward-looking statements in
this news release include statements respecting certain future
expectations about: the scope of the financial impact and impact on
the Fund’s operating results of the rail disruptions.
Forward-looking statements in this news release describe the
expectations of the Fund and its subsidiaries as of the date
hereof. These statements are based on assumptions and involve known
and unknown risks, uncertainties and other factors that may cause
actual results or events to differ materially from those
anticipated in such forward-looking statements for a variety of
reasons, including without limitation the risks and uncertainties
detailed under the “RISK FACTORS” section of the Fund’s latest
Annual Information Form and the “RISKS AND UNCERTAINTIES” section
of the Fund’s most recent Management’s Discussion &
Analysis.
Although the Fund believes the expectations reflected in these
forward-looking statements and the assumptions upon which they are
based are reasonable, no assurance can be given that actual results
will be consistent with such forward-looking statements, and they
should not be unduly relied upon.
Except as required by law, the Fund does not undertake to update
or revise any forward-looking statements, whether as a result of
new information, future events or for any other reason. The
forward-looking statements contained herein are expressly qualified
in their entirety by this cautionary statement.
Further information can be found in the disclosure documents
filed by Chemtrade Logistics Income Fund with the securities
regulatory authorities, available at www.sedar.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20200217005464/en/
Mark Davis Chief Executive Officer
Tel: (416) 496-4176
Rohit Bhardwaj Vice-President, Finance and CFO Tel: (416) 496-4177
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