|
|
Article: ABC RAIL ASSESSES DAMAGES, PRODUCTION LOSSES FROM PLANT FIRE
- Article from:
- PR Newswire
- Article date:
- February 13, 1996
CopyrightCOPYRIGHT 1996 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
CHICAGO, Feb. 13 /PRNewswire/ -- ABC Rail Products Corporation (Nasdaq: ABCR) today announced that it recently completed almost two weeks of engineering appraisals to develop preliminary estimates of fire damage at its Calera, Ala., wheel plant. Production is expected to be limited for the next 30 to 45 days.
"We're still assessing the wheel production output that will be possible while repairs are under way, but pre-tax impact on our bottom line is estimated to be $1.5 million to $2.0 million," said Donald W. Grinter, chairman and chief executive officer. "We also are covered by physical damage and business interruption insurance, but we are unable to estimate the ...