Fire causes no damage to Petrotec main production line
Sep 25, 2012 - German waste-to-biodiesel producer Petrotec AG (ETR:PT8) said Monday that the fire that broke out on Sunday at its Suedlohn-Oeding plant had caused no damage to its main biodiesel production line.
The fire broke out in a side production line and the fire brigades extinguished it very fast. Production at the main line had not been halted.
Petrotec said that as a result of the incident its biodiesel production might drop by some 5% over the next six weeks. Still, the company believes the incident would not affect the outlook unveiled in its second-quarter report.
In August, the company confirmed its forecast for full-year sales between EUR 150 million (USD 194m) and EUR 190 million, and lowered its earnings before interest and tax (EBIT) margin forecast to 1.5%-2% from the previously expected3%.