0000930413-16-008939.txt : 20161208 0000930413-16-008939.hdr.sgml : 20161208 20161208171256 ACCESSION NUMBER: 0000930413-16-008939 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20161208 ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20161208 DATE AS OF CHANGE: 20161208 FILER: COMPANY DATA: COMPANY CONFORMED NAME: AdvanSix Inc. CENTRAL INDEX KEY: 0001673985 STANDARD INDUSTRIAL CLASSIFICATION: PLASTICS, MATERIALS, SYNTH RESINS & NONVULCAN ELASTOMERS [2821] IRS NUMBER: 812525089 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-37774 FILM NUMBER: 162042167 BUSINESS ADDRESS: STREET 1: 115 TABOR ROAD CITY: MORRIS PLAINS STATE: NJ ZIP: 07950 BUSINESS PHONE: 973-455-4275 MAIL ADDRESS: STREET 1: 115 TABOR ROAD CITY: MORRIS PLAINS STATE: NJ ZIP: 07950 8-K 1 c86752_8k.htm

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 


Form 8-K


 

CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported): December 8, 2016

 

ADVANSIX INC.

(Exact name of Registrant as specified in its Charter)

 

 

Delaware

(State or other jurisdiction
of incorporation)

 

1-37774

(Commission File
Number)

 

81-2525089

(I.R.S. Employer

Identification No.)

 

115 Tabor Road

Morris Plains, New Jersey 07950

(Address of principal executive offices)

 

Registrant’s telephone number, including area code: (973) 455-2000

 


 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

 

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
   
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
   
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
   
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

 

ITEM 7.01 Regulation FD Disclosure.

 

On December 8, 2016, AdvanSix Inc. (the “Company”) issued a press release announcing a temporary outage at its Hopewell, VA facility. A copy of the press release is furnished herewith as Exhibit 99.1

 

The information furnished pursuant to this Item 7.01, including Exhibit 99.1, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities under that Section and shall not be deemed to be incorporated by reference into any filing of the Company under the Securities Act of 1933, as amended, or the Exchange Act.
   
ITEM 9.01 Financial Statements and Exhibits.

 

  (d) Exhibits  
     

Exhibit

Number

  Description
99.1   Press release dated December 8, 2016
     

 

 

 

SIGNATURE

 

 

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

 

 

Date:  December 8, 2016 AdvanSix Inc.
       
  By: /s/ John M. Quitmeyer  
  Name: John M. Quitmeyer  
  Title:

Senior Vice President, General

Counsel and Corporate Secretary

 

 

EX-99.1 2 c86752_ex99-1.htm

Exhibit 99.1

 



Advan6.com

 

 

 

 

News Release

 

Media Investor Relations
Mari Abe Adam Kressel  
(415) 633-3204 (973) 455-6888
mabe@peppercomm.com adam.kressel@advan6.com

 

ADVANSIX REPORTS TEMPORARY OUTAGE AT ITS HOPEWELL FACILITY

 

 

Morris Plains, N.J., Dec. 8, 2016 – AdvanSix (NYSE: ASIX) announced today that it has experienced a temporary outage at its Hopewell, Virginia facility reducing caprolactam production and a resulting reduction in resin production at its downstream Chesterfield, Virginia polymerization plant. The Company expects the required mechanical work to be completed in approximately one week. AdvanSix has informed its customers of this force majeure event and is actively working to mitigate the impact of the outage on its customers’ operations.

“We take our commitment to being a reliable supplier seriously,” said president and CEO Erin Kane. “We are working diligently to safely restore operations and there have been no injuries or impact to the environment as a result of the outage.”

The Company had resumed operations on November 21 following additional, unplanned maintenance related to the extensive fourth quarter 2016 turnaround activities. Under normal conditions, the impact on customers is mitigated by buffer inventories through the supply chain. Due to the timing of the current disruption relative to the November 21 start-up, where inventories were depleted by incremental downtime, buffer inventories through the supply chain are insufficient to offset the temporary outage.

As a result of this current outage, the Company expects to incur an approximately $10 to $12 million unfavorable impact to pre-tax income in the fourth quarter of 2016.

The Hopewell, Virginia facility has average annual production capacity of 600,000 tons of ammonia and 795 million pounds of caprolactam. The Chesterfield, Virginia facility has average annual production capacity of 450 million pounds of Nylon 6 resin.

 

 

 

About AdvanSix

AdvanSix is a leading manufacturer of Nylon 6, a polymer resin which is a synthetic material used by our customers to produce engineered plastics, fibers, filaments and films that, in turn, are used in such end-products as automotive and electronic components, carpets, sports apparel, fishing nets and food and industrial packaging. As a result of our backward integration and the configuration of our manufacturing facilities, we also sell caprolactam, ammonium sulfate fertilizer, acetone and other intermediate chemicals, all of which are produced as part of the Nylon 6 resin manufacturing process. More information on AdvanSix can be found at http://www.advan6.com.

 

 

Forward Looking Statements

This release contains certain statements that may be deemed “forward-looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, that address activities, events or developments that our management intends, expects, projects, believes or anticipates will or may occur in the future are forward-looking statements. Although we believe forward-looking statements are based upon reasonable assumptions, such statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results or performance of the company to be materially different from any future results or performance expressed or implied by such forward-looking statements. Such risks and uncertainties include, but are not limited to: our inability to achieve some or all of the anticipated benefits of the spin-off from Honeywell including uncertainty regarding qualification for expected tax treatment, indebtedness incurred in connection with the spin-off, and operating as an independent, publicly traded company; fluctuations in our stock price; general economic and financial conditions in the U.S. and globally; growth rates and cyclicality of the industries we serve; the impact of scheduled turnarounds and significant unplanned interruptions of production or logistics operations as a result of mechanical issues or other unanticipated events such as fires, severe weather conditions, and natural disasters; price fluctuations and supply of raw materials; adverse trade and tax policies; extensive environmental, health and safety laws that apply to our operations; litigation associated with chemical manufacturing; loss of significant customer relationships; protection of our intellectual property and proprietary information; and prolonged work stoppages as a result of labor difficulties. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. Such forward-looking statements are not guarantees of future performance, and actual results, developments and business decisions may differ from those envisaged by such forward-looking statements. We identify the principal risks and uncertainties that affect our performance in our filings with the Securities and Exchange Commission, including our Registration Statement on Form 10.

 

 

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