K+S Group, Kassel reports that production at its Werra plant in Germany has been secured up to and including Dec. 23. The reason for this is the continuous optimization of wastewater management as well as the use of existing possibilities for off-site disposal.
Against this background and assuming a prolonged extreme drought, disposal-related stoppages in production are now only expected to continue over the holidays until Jan. 1. Should significant rainfall occur in the coming days, these stoppages could be further reduced.
Because of this, K+S expects a negative EBITDA effect of a maximum of € 15 million in the fourth quarter of 2018. “We can now confirm our range for the EBITDA of € 570 to 630 million, including this possible additional burden. Thereby we expect an average de-icing salt business in December,” said Dr. Burkhard Lohr, CEO of K+S.