LSB Industries, Inc. Announces That Its El Dorado Chemical Company Subsidiary Will Not Renew Its Supply Agreement with Orica International in 2015 and It Will Re-Establish Distribution to the Mining Sector
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.
Forward-Looking Statements
This press release includes certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally are identified by use of the words “believes”, “expects”, “intends”, “anticipates”, or similar expressions, including, without limitation, that EDCC will re-establish distribution to the mining sector, beginning in the second quarter of 2015, commence sales of ammonium nitrate to the explosives market. Actual results may differ materially from the forward-looking statements as a result of various future events, including without limitation, general economic conditions, acceptance of our product by the explosives market, inability to compete with our competitors, ability of our plant to produce, receipt of materials in a timely manner, and the “Risk Factors” in our most recent 10-K. These forward looking statements speak only as of the date of this press release, and LSB expressly disclaims any obligation or undertaking to disseminate any updates or revisions to any forward-looking statement contained herein to reflect any change in LSB’s expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based.
Source:
Company:
LSB Industries, Inc.
Tony M. Shelby, Chief
Financial Officer, (405) 235-4546
Mark Behrman, Senior Vice
President, (405) 235-4546 x11214
or
Investor Relations:
The
Equity Group Inc.
Fred Buonocore, CFA, (212) 836-9706
Linda
Latman, (212) 836-9609