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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): NOVEMBER 27, 2000
GENERAL CHEMICAL INDUSTRIAL PRODUCTS INC.
(Exact name of Registrant as specified in its charter)
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DELAWARE 22-3649282
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification Number)
LIBERTY LANE
HAMPTON, NEW HAMPSHIRE 03842
(Address of principal executive offices) (Zip Code)
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Registrant's telephone number, including area code: (603) 929-2606
Page 1 of 7
The Index to Exhibits is on Page 3
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TABLE OF CONTENTS TO FORM 8-K
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ITEM 5. OTHER EVENTS 3
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS 3
SIGNATURES 4
EXHIBIT INDEX 5
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ITEM 5. Other Events
On November 27, 2000, The General Chemical Group Inc. announced that it
plans to idle General Chemical Industrial Products Inc.'s synthetic soda ash
production in Amherstberg, Ontario by March 31, 2001. See Exhibit 99.1,
which is attached hereto and incorporated herein by reference, for additional
information. During the fourth quarter of 2000, the Company expects to record an
after-tax charge of $62.0 million or $2.95 per diluted share, related
principally to asset write-down charges, severance and other charges
associated with idling the synthetic soda ash facility.
ITEM 7. Financial Statements and Exhibits
(c) Exhibits
99 Additional Exhibits
99.1 News release issued by The General Chemical Group Inc.
on November 27, 2000
The matters discussed or incorporated by reference in this Form 8-K contain
forward-looking statements that are based on management's expectations,
estimates, projections, and assumptions. Words such as "expects", "hopes",
"estimates" and variations of such words and similar expressions are often used
to identify such forward-looking statements which include but are not limited to
projections of expenditures, savings, completion dates, cash flows and operating
performance. Such forward-looking statements are made pursuant to the
safe-harbor provisions of the Private Securities Litigation Reform act of 1995.
These statements are not guaranties of future performance; instead, they relate
to situations with respect to which certain risks and uncertainities are
difficult to predict. Actual future results and trends, therefore, may differ
materially from what is forecast in forward-looking statements.
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, General
Chemical Industrial Products Inc. has duly caused this report to be signed on
its behalf by the undersigned hereunto duly authorized.
GENERAL CHEMICAL INDUSTRIAL PRODUCTS INC.
By: /s/ David S. Graziosi
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David S. Graziosi
Vice President and Chief Financial Officer
Dated: December 1, 2000
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EXHIBIT INDEX
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EXHIBIT PAGE
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99 Additional Exhibits
99.1 News Release issued by The General Chemical Group Inc.
on November 27, 2000.................................... 6
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