CARBO Ceramics to idle production at Louisiana plant
Fri Nov 16, 2007 9:22am EST
Nov 16 (Reuters) - CARBO Ceramics Inc said it plans to idle production of proppant at its New Iberia, Louisiana facility in the first half of 2008 to cut costs and will take a related charge of about $1 million.
The production will be moved to the company's facility in McIntyre, Georgia, the provider of chemical particles that aid in oil & gas drilling said in statement.
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