Kraton reports Panama City facility sustains damage
Kraton provided an update on impact of Hurricane Michael. Hurricane Michael has had a significant impact on the Florida Panhandle. The safety and well-being of its employees was its top priority. Kraton owns and operates a facility in Panama City and a facility in Pensacola, Florida. The company began preparations to shut down its Panama City and Pensacola sites on Monday October 8, with a full stop on Tuesday October 9. The Pensacola location was largely unaffected by Hurricane Michael and is currently back on line and producing product. The Panama City site sustained considerable damage. Kraton is currently in the process of assessing the full extent of this damage and does not know when the Panama City site will be fully operational. The company is actively working to minimize the impact on its customers, including evaluating its ability to satisfy the needs of its customers through inventories on hand, and where possible, production from other plant sites.