LSB Industries, Inc. (the “Company”) (NYSE:LXU) today announced that its Pryor, Oklahoma chemical facility (“Pryor Facility”) is expected to resume production in December 2013 after being taken out of service during October 2013 to perform unplanned maintenance and to improve equipment reliability. LSB previously announced that the Pryor Facility was expected to be returned to production in November 2013, however, as the work progressed, the scope of the repair and upgrade became more extensive, resulting in a longer period of downtime than initially anticipated. The Company plans to issue an update when the facility is returned to full production.
LSB is a manufacturing and marketing company. LSB’s principal business activities consist of the manufacture and sale of chemical products for the agricultural, mining, and industrial markets, and the manufacture and sale of commercial and residential climate control products, such as geothermal and water source heat pumps, hydronic fan coils and modular geothermal chillers, and large custom air handlers.
This press release contains certain forward-looking statements within the meaning of the Private Securities Litigation Act of 1995. These forward-looking statements generally are identifiable by use of the words “believe,” “expects,” “intends,” “plans to,” “estimates,” “projects,” or similar expressions, and such forward-looking statements include, but are not limited to, the time when the unplanned maintenance will be completed and production will resume at the Pryor Facility and that such maintenance will improve equipment reliability. Investors are cautioned that such forward-looking statements are not guarantees of future performance and involve risk and uncertainties, and that actual results may differ materially from the forward-looking statements, as a result of various factors, including, without limitation, general economic conditions, ability to obtain replacement and repair equipment and parts in a timely manner, weather conditions, labor conditions, equipment issues that arise from time to time, and other factors set forth under “A Special Note Regarding Forward-Looking Statements” in our Form 10-K for year ended December 31, 2012, and the Form 10-Qs for the quarters ended March 31, 2013, June 30, 2013 and September 30, 2013.
|LSB Industries, Inc. Reports That Its Chemical Business’ Pryor, Oklahoma Facility Resumes Ammonia Production (2013/12/30)|
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|LSB Industries, Inc. Updates Status of Its Pryor, Oklahoma Chemical Facility (2013/10/24)|
|LSB Industries, Inc. Provides Update on Pryor (2014/1/8)|
|LSB Industries, Inc. Provides Update on Pryor (2014/1/29)|
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