Question-and-Answer Session
Operator
(Operator Instructions). We will start with David Begleiter, Deutsche Bank.
David Begleiter - Deutsche Bank
Thank you, good morning.
Paul Huck
Good morning, Dave.
David Begleiter - Deutsche Bank
John, could you quantify the impact of the 20 new plants in Merchant and the six new plants in Tonnage on the sales and earnings in 2009?
John McGlade
Yes. The 20 plants in total include the six, that's about $0.5 billion of CapEx. And as we've said, that CapEx should translate into about $0.70 on the dollar in terms of revenue.
David Begleiter - Deutsche Bank
Given the locked-in growth from those projects, how would $5.10 be realized? What would be declining in the business, Electronics I assume, Performance Materials?
Paul Huck
Yeah, Dave. And if you take a look at our guidance and you think through that, one of the things which doesn't come across actually in the numbers for the thing we talked is the currency headwind which we're facing. So, if you take a look at this, I estimate that we probably are facing about a $0.30 to a $0.35 a share headwind in currency, allowing for a euro somewhere in the $1.30 range and appropriate other currencies as you go out there. We're also exposed to the won, the Taiwan dollar, the pound, etcetera. So that's a headwind.
The other thing is we have equipment as John talked about, which is a headwind of about nickel from there. So if you look at that, the volume growth which we have locked-in, continues about $0.30 a share next year, as I can look at it right now Dave. So that translates to a 5% or 6% gain in our EPS just from the volume, which we have.
David Begleiter - Deutsche Bank
And Paul, last. What's the benefit from cost and productivity actions in '09?
Paul Huck
We're probably somewhere in $0.10 to $0.20.
David Begleiter - Deutsche Bank
Thank you very much.
Operator
And we'll go to our next question from Jeff Zekauskas of JPMorgan.
Jeff Zekauskas - JPMorgan
Hi, good morning. If I could start with a question of clarification. In your press release, you say that the effects of the fire are in other income. Is that other income on a consolidated basis or other income on a segment basis?
Paul Huck
On a consolidated basis, Jeff.
Jeff Zekauskas - JPMorgan
Okay.
Paul Huck
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