Suspension at Ciech's Romanian soda ash works hits Q2 earnings despite better demand, weaker zloty

By Michael Greenfield, Michael Greenfield
Published: Wednesday, 11 September 2019

The production halt in Romania has forced Ciech to make a multi-million dollar writedown in its second-quarter results.

The impending production halt at Ciech's Romanian soda ash plant has forced the company to write down 37 million zloty ($9.4 million) in its second-quarter results, offsetting better demand for its products and currency effects.

The impact on output from the halt at the plant, which has capacity of 600,000...

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