Methanex defers geismar 3 project spending and provides business update

Methanex defers geismar 3 project spending and provides business update.methanex corp - to defer about $500 million capital spending on its geismar 3 methanol project for up to 18 months.methanex corp - reduces 2020 maintenance capital spending by $25 million.methanex corp - increases financial flexibility through $436 million draw on credit.methanex corp - as of today, four of company's over 1,500 employees are known to have contracted covid-19.methanex corp - fully drawn on $300 million revolving credit facility, drawn $136 million of $800 million construction credit facility for geismar 3 project.methanex corp - covid-19 has not directly impacted co's operations or global supply chain to date.methanex corp - anticipate lower methanol demand in near-term based on reduced manufacturing activity.methanex corp - have not seen a significant impact on our sales volume in q1 of 2020 as a result of covid-19.
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