Georgia Gulf Corporation

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: Georgia Gulf Corporation chooses ABB Industrial IT

The Plaquemine complex produces high-grade PVC, and this project involves the replacement of the existing system which was installed in 1976. The new system will contain 4300 I/O points to control and monitor the process.

http://www.abb.co.th/cawp/seitp202/C1256C290031524BC1256BD0003FD596.aspx

Georgia Gulf Corporation chooses ABB Industrial[<sup>]IT[</sup>]

Norwalk, Connecticut, June 5, 2002 -- ABB Inc. will provide IndustrialIT automation solutions for the Georgia Gulf Corporation PVC complex in Plaquemine, La. The Plaquemine complex produces high-grade PVC, and this project involves the replacement of the existing system that was installed in 1976.

http://www.ca.abb.com/global/seitp/seitp202.nsf/0/85256a8c004c110785256bd1005d9750?OpenDocument

 

Georgia Gulf To Announce Third Quarter Financial Results on November 5, 2008 - Zibb.com

Georgia Gulf Corporation (NYSE: GGC) today announced that it will release its first 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.

To access the Company's first quarter conference call, please dial 888-552-7928 (domestic) or 706-679-6164 (international). To access the conference call via Webcast, log on to http://phx.corporate-ir.net/phoenix.zhtml?p=irol-eventDetails&c=112207 &eventID=2005157. (Due to its length, this URL may need to be copied/pasted into your Internet browser's address field. Remove the extra space if one exists.)

Playbacks will be available from 2:00 PM ET Wednesday, November 5, to midnight ET Wednesday, November 12. Playback numbers are 800-642-1687 (domestic) or 706-645-9291 (international). The conference call ID number is 70433863.

Georgia Gulf Corporation

Georgia Gulf Corporation is a leading, integrated North American manufacturer of two chemical lines, chlorovinyls and aromatics, and manufactures vinyl-based building and home improvement products. The Company's vinyl-based building and home improvement products, marketed under Royal Group brands, include window and door profiles, mouldings, siding, pipe and pipe fittings, deck, fence and rail and outdoor storage buildings. Georgia Gulf, headquartered in Atlanta, Georgia, has manufacturing facilities located throughout North America to provide industry-leading service to customers.

SOURCE: Georgia Gulf Corporation

Georgia Gulf Corporation 
Investor Relations 
Martin Jarosick, 770-395-4524

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Tags: business   conference   financial results   georgia   internet   manufacturer   manufacturing   north america   nyse   products  

Companies: Georgia Gulf Corp. (GGC)

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CORRECTING and REPLACING Georgia Gulf To Announce Third Quarter Financial Results on November 5,

First graph, first sentence should read: will release its third quarter financial results (sted: will release its first quarter financial results). Second graph, first sentence should read: To access the Company's first quarter (sted: To access the Company's third quarter).

The corrected release reads:

GEORGIA GULF TO ANNOUNCE THIRD QUARTER FINANCIAL RESULTS ON NOVEMBER 5, 2008

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.

To access the Company's third quarter conference call, please dial 888-552-7928 (domestic) or 706-679-6164 (international). To access the conference call via Webcast, log on to http://phx.corporate-ir.net/phoenix.zhtml?p=irol-eventDetails&c=112207 &eventID=2005157. (Due to its length, this URL may need to be copied/pasted into your Internet browser's address field. Remove the extra space if one exists.)

Playbacks will be available from 2:00 PM ET Wednesday, November 5, to midnight ET Wednesday, November 12. Playback numbers are 800-642-1687 (domestic) or 706-645-9291 (international). The conference call ID number is 70433863.

Georgia Gulf Corporation

Georgia Gulf Corporation is a leading, integrated North American manufacturer of two chemical lines, chlorovinyls and aromatics, and manufactures vinyl-based building and home improvement products. The Company's vinyl-based building and home improvement products, marketed under Royal Group brands, include window and door profiles, mouldings, siding, pipe and pipe fittings, deck, fence and rail and outdoor storage buildings. Georgia Gulf, headquartered in Atlanta, Georgia, has manufacturing facilities located throughout North America to provide industry-leading service to customers.

SOURCE: Georgia Gulf Corporation

Georgia Gulf Corporation 
Investor Relations 
Martin Jarosick, 770-395-4524

Read more...

Tags: business   conference   financial results   georgia   internet   manufacturer   manufacturing   north america   nyse   products  

Companies: Georgia Gulf Corp. (GGC)

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Georgia Gulf Suspends Dividend - Zibb.com

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 remains focused on targeted cost, working capital and debt reduction initiatives. The Company recently announced an amendment to its senior credit facility on September 11, 2008 that adjusted certain financial covenant ratios to reflect current market conditions. The Company continues to evaluate options to refinance the senior credit facility to obtain a structure with greater long-term flexibility.

Georgia Gulf

Georgia Gulf Corporation is a leading, integrated North American manufacturer of two chemical lines, chlorovinyls and aromatics, and manufactures vinyl-based building and home improvement products. The Company's vinyl-based building and home improvement products, marketed under Royal Group brands, include window and door profiles, mouldings, siding, pipe and pipe fittings, and deck, fence and rail products. Georgia Gulf, headquartered in Atlanta, Georgia, has manufacturing facilities located throughout North America to provide industry-leading service to customers.

Safe Harbor

This news release contains forward-looking statements subject to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on management's assumptions regarding business conditions, and actual results may be materially different. Risks and uncertainties inherent in these assumptions include, but are not limited to continued compliance with covenants in our credit facility and availability of funds thereunder, future global economic conditions, economic conditions in the industries to which our products are sold, uncertainties regarding asset sales, synergies, potential sale-leaseback arrangements, operating efficiencies and competitive conditions, industry production capacity, raw materials and energy costs, uncertainties relating to Royal Group's business and liabilities and other factors discussed in the Securities and Exchange Commission filings of Georgia Gulf Corporation, including our annual report on Form 10-K for the year ended December 31, 2007.

SOURCE: Georgia Gulf Corporation

Georgia Gulf 
Investor Relations 
Martin Jarosick, 770-395-4524

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Tags: business   debt   dividend   energy   georgia   housing   manufacturer   manufacturing   market   north america   nyse   products   sales   securities  

Companies: Georgia Gulf Corp. (GGC)

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Georgia Gulf Amends Senior Secured Credit Agreement - Zibb.com

Georgia Gulf Corporation (NYSE: GGC) today announced that it has entered into an amendment to its senior secured credit facility with its lenders.

Due to the impact of continued weakness in the U.S. housing market and higher feedstock and energy costs on Georgia Gulf's financial performance, the Company obtained adjustments to its leverage and interest coverage ratios as part of the amendment. Following are the amended ratios:

Maximum Leverage Ratio
Quarter ended                    New      Old
9/30/2008                        7.20x    5.75x
12/31/2008                       7.75x    5.25x
3/31/2009                        8.00x    4.75x
Minimum Interest Coverage Ratio
Quarter ended                    New      Old
9/30/2008                        1.70x    2.00x
12/31/2008                       1.50x    2.25x
3/31/2009                        1.45x    2.50x

Under the amendment, the applicable per annum margins and certain fees will be increased according to the following table:

                             Commitment    Eurodollar Rate Loans and Letter of   Bankers Acceptance    Base Rate
                             Fees          Credit Fees                           Advances              Loans
October 1-December 31, 2008  0.50   %      5.0                %                  5.0        %          4.0   %
After December 31, 2008      0.50   %      5.5                %                  5.5        %          4.5   %

Prior to October 1, 2008, such applicable per annum margins and fees at the highest levels were 0.50 percent for commitment fees, 2.5 percent for Eurodollar rate loans, letter of credit fees and bankers acceptance advances and 1.5 percent for base rate loans.

The amendment establishes 3.0 percent as the minimum Eurodollar rate for all borrowings on or after October1, 2008. The Company paid a fee to the lenders in respect of the amendment of 0.50 percent of the outstanding commitments and term loans. The amendment also provides that if the senior secured credit facility remains in existence on December31, 2008, the Company will pay on January6, 2009 a fee equal to 0.50 percent of the commitments and term loans outstanding to the lenders as of December 31, 2008.

The amendment also permits the Company to amend the indenture with respect to its 7 1/8 percent senior notes due 2013 and pay the $1.5 million consent fee contemplated by the settlement agreement announced July 15, 2008.

Details of the amendment, including fees, limitations, and other terms will be provided in a Form 8-K to be filed by Georgia Gulf with the SEC, which will be available at www.ggc.com under the Investor Relations section.

Georgia Gulf

Georgia Gulf Corporation is a leading, integrated North American manufacturer of two chemical lines, chlorovinyls and aromatics, and manufactures vinyl-based building and home improvement products. The Company's vinyl-based building and home improvement products, marketed under Royal Group brands, include window and door profiles, mouldings, siding, pipe and pipe fittings, and deck, fence and rail products. Georgia Gulf, headquartered in Atlanta, Georgia, has manufacturing facilities located throughout North America to provide industry-leading service to customers.

SOURCE: Georgia Gulf Corporation

Georgia Gulf 
Investor Relations 
Martin Jarosick, 770-395-4524

Read more...

Tags: energy   georgia   housing   manufacturer   manufacturing   market   north america   nyse   products   sec-8k  

Companies: Georgia Gulf Corp. (GGC)

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