METHANEX DEFERS GEISMAR 3 PROJECT SPENDING AND PROVIDES BUSINESS UPDATE
Methanex Corporation (MEOH)
Last methanex corporation earnings: 1/29 05:01 pm
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US:NASDAQ Investor Relations:
methanex.com/investor-relations
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Source: GlobeNewswire
Defers approximately $500 million in capital spending on Geismar 3 project for up to 18 monthsReduces 2020 maintenance capital spending by $25 millionIncreases financial flexibility through $436 million draw on credit facilities VANCOUVER, British Columbia, April 01, 2020 (GLOBE NEWSWIRE) -- Methanex Corporation (TSX:MX) (NASDAQ:MEOH) announced today that, in light of the significant uncertainty in the global economy from the COVID-19 pandemic, resulting in a challenging commodity price and project execution environment, it is taking action to defer approximately $500 million of previously announced capital spending on its Geismar 3 methanol project for up to 18 months. Methanex also provided an update on other actions it is taking to strengthen its financial position. John Floren, President & CEO of Methanex, commented, “We are taking proactive steps today during these unprecedented times to further strengthen our balance sheet, while maintaining long-term value and financial fle
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MEOH
Earnings
- 11/6/24 - Beat
MEOH
Sec Filings
- 11/12/24 - Form SC
- 11/6/24 - Form 6-K
- 11/1/24 - Form SC
- MEOH's page on the SEC website