TORONTO, May 15 /CNW/ - Chemtrade Logistics Income Fund (TSX: CHE.UN) today advised that a fire occurred at its Beaumont, Texas plant at approximately 2:30 a.m. on May 15, 2010, when the plant was being restarted after a weather-related power outage. The fire department responded to the scene and the plant is now secure and remains safely shut down. There were no injuries and no off-site environmental releases.
Chemtrade is assembling an investigation team to examine the details of this incident. The cause of the fire is not yet known and the plant will remain shut down until it is determined that the plant can be safely restarted. The extent of down time is not yet known although there appears to be extensive damage to a newly installed piece of equipment. More information will be provided as it becomes available.
This news release contains certain statements which may constitute "forward-looking" statements within the meaning of certain securities laws, including the "safe harbour" provisions of the Securities Act (Ontario). The use of any of the words "anticipate", "continue", "estimate", "expect", "expected", "intend", "may", "will", "project", "plan", "should", "believe" and similar expressions are intended to identify forward-looking statements. Forward-looking statements in this news release describe the expectations of Chemtrade as of the date of this news release. Our actual results could be materially different from our expectations if known or unknown risks affect our business, or if our estimates or assumptions turn out to be inaccurate. As a result, we cannot guarantee that any forward-looking statement will materialize. Forward-looking statements do not take into account the effect that transactions or non-recurring items announced or occurring after the statements are made may have on our business. We disclaim any intention or obligation to update any forward-looking statement even if new information becomes available, as a result of future events or for any other reason.
This news release contains forward-looking statements about the objectives, strategies, financial condition, results of operations and businesses of the Fund, including but not limited to the length of the shutdown of operations at Beaumont.
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.
SOURCE Chemtrade Logistics Income Fund
For further information: For further information: Mark Davis, President and CEO, Tel: (416) 496-4176; Rohit Bhardwaj, Vice-President, Finance and CFO, Tel: (416) 496-4177