Eight Closures, One Tonnage
The August edition of the ledger, seventeen entries, and the units switched sides. One of eight removals published a capacity figure. Six of eight additions did, and the reason has nothing to do with which way the capacity was going.
Eight plants left the ledger in August and exactly one of them told you how big it was.
That one is Anellotech's TCat-8 unit at Silsbee, Texas, now listed for sale by the firm hired to liquidate the company. The nameplate is half a metric tonne a day.
The asking price is about $18 million, against more than $95 million raised over the company's life.
So the only August closure that published a capacity figure published it in a sale document written by a liquidator.
The other seven came with money instead. Koppers booked $215.8 million against Stickney in a single quarter, and STERIS put $55 to $70 million against St. Louis and Plymouth.
Cabot stopped production at plants on two continents and gave the market a tax charge and a restructuring line.
The addition column did the opposite, and that is the finding of this edition.
"Which column publishes a number, and who is it written for?"
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