Hurricane Harvey has had an unprecedented impact on the Texas Gulf Coast. This has caused an immediate supply disruption on materials coming from that region. Over 50% of North America’s ethylene capacity is down at this point in time, creating a supply chain disruption unlike any we have seen before. In addition, as you may be aware, our plastic resin moves primarily by rail cars; which have been halted in the area at this time. Our suppliers and the railroads will begin making assessments of their infrastructure as soon as they are able to do so. These suppliers are also trying to locate and assemble their work forces.
Tri-Cor is monitoring this situation as it continues to unfold, realizing that it could further deteriorate. We are working closely with our suppliers and carriers to continually assess the situation. We will strive to maintain operational continuity as much as possible and minimize service disruptions to our customers.
We appreciate your support and patience as we continue to deal with this challenging situation.