Georgia Gulf Announces Closure of Sarnia PVC Resin Plant
ATLANTA--(BUSINESS WIRE)—December 8, 2008--Georgia Gulf Corporation (NYSE: GGC) announced today it is permanently closing its Sarnia, Ontario (Canada) PVC resin plant. The plant had operated only periodically in 2008 due to decreased demand in the housing and construction markets. In response to continued weakening in the markets, Georgia Gulf has made the decision to permanently close the facility, which had the capacity to produce 450 million pounds of PVC resin annually.
Georgia Gulf Names Mark J. Orcutt Executive Vice President Building Products
ATLANTA--(BUSINESS WIRE)--Dec. 4, 2008--Georgia Gulf Corporation (NYSE: GGC) announced today that Mark J. Orcutt was named to the newly-created position of Executive Vice President - Building Products on December 1, 2008. Mr. Orcutt assumed responsibility for all the buildin...
Georgia Gulf to Address Bank of America Credit Conference November 20
ATLANTA, Nov 14, 2008 (BUSINESS WIRE) -- Paul Carrico, President and Chief Executive Officer and Greg Thompson, Chief Financial Officer, both of Georgia Gulf Corporation (NYSE: GGC), will address investors and analysts at the Bank of America Credit Conference on November 20,
Georgia Gulf Reports Third Quarter 2008 Financial Results
Senior credit facility covenants relaxed until June 30, 2009 Hurricanes Gustav and Ike negatively impacted net earnings by approximately $0.53 per diluted share, or $18.1 million ATLANTA--(BUSINESS WIRE)--Nov. 5, 2008--Georgia Gulf Corporation (NYSE: GGC) today ...
Georgia Gulf to Announce Third Quarter Financial Results on November 5, 2008
ATLANTA--(BUSINESS WIRE)--
Georgia Gulf Corporation (NYSE: GGC) today announced that it will release its third quarter financial results on Wednesday, November 5, 2008, at 7:00 AM ET. The Company will discuss third quarter financial results and business developments via conference call and Webcast on Wednesday, November 5 at 1:00 PM ET.
Georgia Gulf Suspends Dividend
ATLANTA--(BUSINESS WIRE)--Sept. 17, 2008--Georgia Gulf Corporation (NYSE: GGC) announced today that the Company's board of directors has suspended the quarterly cash dividend due to the impact of continued weak economic conditions, particularly the U.S. housing market.
Georgia Gulf to Address Credit Suisse Chemical and Ag Science Conference September 18
ATLANTA--(BUSINESS WIRE)--Sept. 12, 2008--Paul Carrico, President and Chief Executive Officer, and Greg Thompson, Chief Financial Officer, both of Georgia Gulf Corporation (NYSE: GGC), will address investors and analysts at the Credit Suisse Chemical and Ag Science Conference on September 18, 2008 at 10:40 a.m. EST.
Georgia Gulf Amends Senior Secured Credit Agreement
ATLANTA--(BUSINESS WIRE)--Georgia Gulf Corporation (NYSE: GGC - News) today announced that it has entered into an amendment to its senior secured credit facility with its lenders.
Georgia Gulf Reports Second Quarter 2008 Financial Results
ATLANTA--(BUSINESS WIRE)--Aug. 5, 2008--Georgia Gulf Corporation (NYSE: GGC) today announced financial results for its second quarter ended June 30, 2008.
Georgia Gulf To Announce Second Quarter Financial Results on August 5, 2008
ATLANTA--(BUSINESS WIRE)--July 22, 2008--Georgia Gulf Corporation (NYSE: GGC) today announced that it will release its second quarter financial results on Tuesday, August 5, 2008, at 5:00 PM ET. The Company will discuss second quarter financial results and business developments via conference call and Webcast on Wednesday, August 6 at 10:00 AM ET.
Georgia Gulf Announces Settlement Agreement
ATLANTA--(BUSINESS WIRE)--July 15, 2008--Georgia Gulf Corporation (NYSE: GGC) today announced that it has entered into a settlement agreement with certain holders (the "Signing Holders") of its 7 1/8 percent senior notes due 2013 who submitted a notice of default on June 6, 2008. Approval of the lenders under the Company's bank credit agreement is required for the consent fee payment and the 2003 Indenture amendment described below.
Georgia Gulf Reports First Quarter 2008 Financial Results
-- Oklahoma City, OK PVC resin plant closed -- Sarnia PVC resin plant temporarily idled in response to challenging market conditions -- Completion of several transactions resulting in net proceeds of $24.9 million used to pay down debt -- Settlement of Quebec Trust tax assessment ATLANTA, May 06...
Georgia Gulf to Announce First Quarter Financial Results on May 6, 2008; Chief Executive Officer and Chief Financial Officer to Address
ATLANTA--(BUSINESS WIRE)--April 30, 2008--Georgia Gulf Corporation (NYSE: GGC) today announced that it will release its first quarter financial results on Tuesday, May 6, 2008, at 5:00 PM ET. The Company will discuss first quarter financial results and business developments via conference call and Webcast on Wednesday, May 7 at 10:00 AM ET.
Georgia Gulf Announces Board and Management Changes
ATLANTA, Feb 14, 2008 (BUSINESS WIRE) -- Georgia Gulf today announced that Paul Carrico has been elected President and Chief Executive Officer, as well as a Director of the Company. In addition, Georgia Gulf announced that Patrick Fleming has been elected Chairman of the Board. Both Paul Carrico and Patrick Fleming are assuming their new positions immediately.
Georgia Gulf Reports Q4 '07 Financial Results
Georgia Gulf today announced financial results for the three months and the year ended December 31, 2007, as well as its key business plan objectives for 2008.
Georgia Gulf reported net sales of $776.4 million for the fourth quarter of 2007 compared to net sales of $681.5 million in the fourth quarter of 2006, representing a 14% increase. In spite of challenging market conditions, each of the Company's reportable segments generated higher sales than in the same quarter during the prior year.
Georgia Gulf To Offer Rigid PVC Additives with Launch of Solucor Division
ATLANTA--(BUSINESS WIRE)--Feb. 13, 2008--Georgia Gulf Corporation announced today that it has entered the rigid vinyl additives business with the launch of its new division, Solucor. Formerly Reagens Canada, Solucor produces a broad range of process aids, impact modifiers, lubricants and stabilizers for use in a wide variety of rigid PVC applications at its manufacturing facility in Bradford, Ontario.
Georgia Gulf To Announce Fourth Quarter Financial Results on February 14th
ATLANTA--(BUSINESS WIRE)--Jan. 31, 2008--Georgia Gulf Corporation (NYSE: GGC) today announced that it will release its 2007 fourth quarter financial results on Thursday, February 14, 2008, at 5:00 PM ET. The Company will host its fourth quarter and full year 2007 financial results conference call on Friday, February 15, 2008, at 10:00 AM ET.
Georgia Gulf Appoints New CFO
ATLANTA, Jan 17, 2008 (BUSINESS WIRE) -- Georgia Gulf Corporation (NYSE:GGC) today announced that Gregory C. Thompson will become the Company's Chief Financial Officer immediately following the filing of its 2007 Form 10-K...
Georgia Gulf Reduces Term Debt by $71.5 Million
ATLANTA--(BUSINESS WIRE)--Jan. 10, 2008--Georgia Gulf Corporation (NYSE: GGC) announced today that term debt was reduced by $71.5 million during the fourth quarter of 2007. Approximately $24.7 million of the term debt repayment was enabled through proceeds from a sale-leaseback transaction involving real property located in Canada, with the remainder of the repayment driven by working capital reduction initiatives and an income tax refund.
Georgia Gulf Enhances PVC Resin Production Efficiency
ATLANTA--(BUSINESS WIRE)--Dec. 4, 2007--Georgia Gulf (NYSE: GGC) today announced that it will temporarily idle its PVC resin manufacturing facility located in Sarnia, Ontario, as part of a previously announced plan to temporarily remove 700 million pounds of PVC resin capacity on an annualized basis. The Company will idle the facility in mid December, with the intention of restarting the facility during the first quarter of 2008.
Georgia Gulf Confirms Incident at Lake Charles VCM Facility
ATLANTA--(BUSINESS WIRE)--Nov. 21, 2007--Georgia Gulf Corporation (NYSE: GGC) confirmed today that its Lake Charles vinyl chloride monomers (VCM) plant was damaged by a fire on Saturday, November 10, 2007. There were no injuries as a result of the incident.
Georgia Gulf Reports Q3 Financial Results
-- Georgia Gulf records break-even third quarter net income -- Income tax provision includes $2.6 million of FIN 48 interest expense -- Consolidated SG&A costs decline 5% from Q2 2007 -- Georgia Gulf has commenced initial production testing on its ...
Georgia Gulf To Announce Third Quarter Financial Results on November 1
ATLANTA, Oct 10, 2007 (BUSINESS WIRE) -- Georgia Gulf Corporation (NYSE: GGC) today announced that it will release its third quarter financial results on Thursday, November 1, 2007, at 5:00 PM ET. The Company will discuss third quarter financial results and business developments via conference ca...
Georgia Gulf Progresses with Improvement Plan Implementation
ATLANTA--(BUSINESS WIRE)--Oct. 2, 2007--Georgia Gulf Corporation (NYSE:GGC) today announced that it will consolidate Royal Group's Canadian-based patio door fabrication facilities, as well as its Canadian cellular extrusion facility. Specifically, Royal Group's patio door fabrication facilit...
Information Regarding Jim Matthews
We have been informed of the death of Jim Matthews, our former Vice President and CFO. As you will recall, Jim has been on medical leave since June of this year. Jim will be missed both professionally and personally by his fellow employees, as well as his many associates in the financial community...
Georgia Gulf Appoints New Director
ATLANTA--(BUSINESS WIRE)--Sept. 20, 2007--Georgia Gulf Corporation (NYSE:GGC) today announced that Wayne Sales has been appointed to its Board of Directors, effective September 17, 2007. In addition to being appointed to the Board, Mr. Sales has also been appointed to Georgia Gulf's Compensa...
Georgia Gulf Reports Q2 Financial Results
-- Second quarter loss of $0.05 per diluted share from continuing operations, represents $0.72 per share improvement from $0.77 per share loss in first quarter -- Second quarter net loss of $0.12 per diluted share includes loss of $0.07 per share from discontinued operations -- Income from continuin...
Georgia Gulf To Announce Second Quarter Financial Results on August 8
ATLANTA, Jul 19, 2007 (BUSINESS WIRE) -- Georgia Gulf Corporation (NYSE: GGC) today announced that it will release its second quarter financial results on Wednesday, August 8, 2007, at 5:00 PM ET. ...
Georgia Gulf Appoints President of Canadian Window & Door Profiles and Mouldings Operations
ATLANTA, Jun 25, 2007 (BUSINESS WIRE) -- Georgia Gulf Corporation (NYSE: GGC) today announced the appointment of Charles Ulik to the position of President, Canadian Window & Door Profiles and Mouldings Operations. Mr. Ulik will assume responsibility for Royal Group's window profile extrusion plan...
Georgia Gulf To Webcast Upcoming Investor Information Day Presentations
ATLANTA--(BUSINESS WIRE)--June 15, 2007--Georgia Gulf Corporation (NYSE:GGC) announced today that it will Webcast its upcoming Lehman sponsored Investor Information Day presentations. The Investor Information Day will be held on Thursday, June 21, 2007 and will be hosted at the main Royal Gr...
Georgia Gulf Appoints Interim CFO
ATLANTA--(BUSINESS WIRE)--June 13, 2007--Georgia Gulf Corporation (NYSE:GGC) today announced that James T. Matthews, Vice President and Chief Financial Officer has taken a medical leave of absence. The term of his leave is undetermined at this point in time. Georgia Gulf has appointed Ma...
Georgia Gulf Corrects Q1 07 Earnings Conference Call ID Number
ATLANTA--(BUSINESS WIRE)--May 21, 2007--Georgia Gulf Corporation (NYSE: GGC) announced today that the conference call ID number for its first quarter earnings conference call is 8912982. The number 1863008 included in company's first quarter earnings press release is incorrect. The ID number is ...
Georgia Gulf Reports Q1 Financial Results
-- Loss of $0.77 per diluted share from continuing operations -- Net loss of $1.01 per diluted share includes loss of $0.24 per share from discontinued operations -- Non-recurring items were $0.10 of the $1.01 loss per share -- Progress with synergy and improvement pr...
Georgia Gulf Files First Quarter 10-Q
ATLANTA--(BUSINESS WIRE)--May 10, 2007--Georgia Gulf Corporation (NYSE: GGC) announced today that it has completed the filing of its first quarter Form 10-Q. The company will provide further commentary on its first quarter financial results and business developments in a news release to be issue...
Georgia Gulf Announces Approval of Amendment to Senior Secured Credit Facility
ATLANTA--(BUSINESS WIRE)--May 10, 2007--Georgia Gulf Corporation (NYSE:GGC) announced today that it has received requisite approval of the amendment to its Senior Secured Credit Facility. As previously announced in a Form 8-K filing on May 2, 2007, the company was seeking primarily to incre...
Georgia Gulf Completes Expansion of Building Products Plant in Southeast
ATLANTA--(BUSINESS WIRE)--May 8, 2007--Georgia Gulf Corporation (NYSE:GGC) today announced that it has completed a 250,000 square foot expansion to Royal Group's building and home improvement manufacturing plant in Bristol, Tennessee, which will enable greater penetration of the growing Southeas...
Georgia Gulf Announces Management Appointments
ATLANTA--(BUSINESS WIRE)--May 7, 2007--Georgia Gulf Corporation (NYSE:GGC) today announced several management appointments to fill newly created positions within its building and home improvement operations. The new positions have been created to enhance sales, product innovation and manufacturi...
Georgia Gulf Reports Audited 2006 Financial Results and Provides Business Update
ATLANTA--(BUSINESS WIRE)--April 2, 2007--Georgia Gulf Corporation (NYSE: GGC): -- Fourth quarter results include Royal Group, which was acquired on October 3, 2006 -- Fourth quarter loss from continuing operations of $1.28 per share, with loss from discontinued opera...
Georgia Gulf Announces Date for Conference Call
ATLANTA--(BUSINESS WIRE)--March 31, 2007--Georgia Gulf Corporation (NYSE: GGC) announced today that it will host its fourth quarter and full year 2006 financial results conference call on Wednesday, April 4, 2007, at 10:00 AM ET. Georgia Gulf will discuss its financial results via teleconfer...
Georgia Gulf Provides Update
Delay in reporting of 2006 results, as final stage of consolidation and audit is completed -- Senior Credit Facility Amendment and Waiver Received Delay in Reporting 2006 Financial Results ATLANTA--(BUSINESS WIRE)--March 16, 2007--Georgia Gulf Corporation ...
Georgia Gulf Announces Royal Group Technologies Limited Name Change to Royal Group, Inc.
Royal Group Adopts Five Divisional Brand Symbols ATLANTA, Feb 05, 2007 (BUSINESS WIRE) -- Georgia Gulf Corporation (NYSE: GGC) today announced that recently acquired Royal Group Technologies Limited will change its name to Royal Group, Inc. The name change will occur on February 5, 2007. "We hav...
Georgia Gulf Redeems Royal Group's Medium-Term Notes
Confirms Expected Proceeds in Q4 From Divestitures of Non-Core Royal Group Assets ATLANTA--(BUSINESS WIRE)--Nov. 6, 2006--Georgia Gulf Corporation (NYSE: GGC) today announced that it has redeemed Royal Group's outstanding Medium-Term Notes, with approximately $115 m...
Georgia Gulf Reports Third Quarter Earnings of $.66 Per Diluted Share
ATLANTA--(BUSINESS WIRE)--Oct. 26, 2006--Georgia Gulf Corporation (NYSE: GGC) today announced its financial results for the third quarter of 2006. Since Georgia Gulf completed its acquisition of Royal Group on October 3, 2006, Georgia Gulf's third quarter financial results do not include Royal G...
Georgia Gulf to Announce Third Quarter Financial Results
ATLANTA--(BUSINESS WIRE)--Oct. 16, 2006--Georgia Gulf Corporation (NYSE: GGC) will release its third quarter financial results on Thursday, October 26, 2006, at 5:00 PM ET. On October 3, 2006, Georgia Gulf completed its acquisition of Royal Group Technologies. Since the acquisition was completed...
Georgia Gulf Enters into VCM Agreement with Westlake Chemical
Business Editors ATLANTA--(BUSINESS WIRE)--Oct. 4, 2006--Georgia Gulf Corporation (NYSE: GGC) today announced that it has entered into an agreement with Westlake Chemical Corporation (NYSE: WLK) for Westlake to supply vinyl chloride monomer (VCM) to Georgia Gulf. The agreement between Georg...
Georgia Gulf Completes Royal Group Acquisition
ATLANTA--(BUSINESS WIRE)--Oct. 3, 2006--Georgia Gulf Corporation (NYSE: GGC) today announced the completion of its acquisition of Royal Group Technologies. Under the terms of the definitive agreement, originally announced on June 9, 2006, Georgia Gulf has now acquired all of the outstanding comm...
Georgia Gulf and Royal Group Announce Completion of All Regulatory Filings; Transaction Close Date Targeted for October 3
ATLANTA & TORONTO--(BUSINESS WIRE)--Sept. 18, 2006--Georgia Gulf Corporation (NYSE: GGC) and Royal Group Technologies Limited (TSX; NYSE: RYG) today announced that approvals have been received pertaining to regulatory filings, including the Canadian Competition Act, Investment Canada and Har...
Georgia Gulf Announces Proposed Notes Offering
ATLANTA--(BUSINESS WIRE)--Sept. 18, 2006--Georgia Gulf Corporation (NYSE:GGC) announced today that it intends to offer a total of $750 million of Senior Notes due 2014 and Senior Subordinated Notes due 2016. Georgia Gulf intends to use the net proceeds from the offering, together with borrowings...
Georgia Gulf Reports Second Quarter Net Income of $1.15 Per Diluted Share; Includes Unrealized Loss of $.21 Per Share Related to Proposed Royal Acquisition
Supplemental information for second quarter earnings ATLANTA--(BUSINESS WIRE)--July 27, 2006--Georgia Gulf Corporation (NYSE: GGC) today reported net income of $39.4 million or $1.15 per diluted share on sales of $602.2 million for the second quarter of 2006. These results include an unrealiz
