Imperial Sugar Responds to the Chemical Safety Board’s Investigation Report
PORT WENTWORTH, Ga.-(Business Wire)-September 24, 2009 - On September 24, 2009, the Chemical Safety Board (CSB) issued its final draft Investigation Report regarding Imperial Sugar Company's February 7, 2008 accident at its Port Wentworth sugar refinery.
“Imperial Sugar and the CSB have collaborated throughout their investigation,” said CEO and President John Sheptor. “We appreciate their professionalism and we value their contributions to our combustible dust and safety program. We have worked very hard to make our facilities the safest possible, and will continue to share what we have learned and will learn with the CSB and industry.”
Included in the CSB's final report are five recommendations to Imperial. “The CSB recommendations are excellent guidance for the control and management of combustible dust. Imperial accepts the CSB recommendations and is working diligently to implement them as part of our safety improvement initiatives. We have listened to the CSB and other experts during the past twenty months and used their guidance in the reduction of risk in all of our operating sites. We hope that all companies that share the risk of combustible dust also will heed the insights of this report,” said Sheptor.
Sheptor added, “We continue to be grateful for the support the Company and its employees have received from the Savannah-area communities throughout our rebuilding process. We also look forward to future collaborations with the CSB and others to advance safety, both at Imperial Sugar and within our industry.”
About Imperial Sugar
Imperial Sugar Company (NASDAQ:IPSU) is one of the largest processors and marketers of refined sugar in the United States to food manufacturers, retail grocers and foodservice distributors. The Company markets products nationally under the Imperial®, Dixie Crystals® and Holly® brands. For more information about Imperial Sugar, visit www.imperialsugar.com.
Statements regarding Port Wentworth construction costs, timelines and operational restart dates, future market prices and margins, future expenses and liabilities arising from the Port Wentworth incident, future insurance recoveries, future actions regarding the Louisiana Sugar Refinery, LLC venture, future import and export levels, future government and legislative action, future operating results, future availability of raw sugar, operating efficiencies, future investments and initiatives, future cost savings, future product innovations, future energy costs, our liquidity and ability to finance our operations and capital investment programs, future pension plan contributions and other statements that are not historical facts contained in this release are forward-looking statements that involve certain risks, uncertainties and assumptions. These risks, uncertainties and assumptions include, but are not limited to, market factors, farm and trade policy, results of damaged equipment inspections, unforeseen engineering, construction and equipment delays, results of insurance negotiations, our ability to realize planned cost savings and other improvements, the available supply of sugar, energy costs, the effect of weather and economic conditions, results of actuarial assumptions, actual or threatened acts of terrorism or armed hostilities, legislative, administrative and judicial actions and other factors detailed in the Company’s Securities and Exchange Commission filings. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual outcomes may vary materially from those indicated.
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