LSB Industries, Inc. Provides Update on Its El Dorado, Arkansas Facility

News Release

LSB Industries, Inc. Provides Update on Its El Dorado, Arkansas Facility

OKLAHOMA CITY, Okla.--(BUSINESS WIRE)--Jul. 26, 2016-- LSB Industries, Inc. (NYSE:LXU) (“LSB” or the “Company”) today announced that, due to an intense lightning storm, its El Dorado, Arkansas facility suffered a complete power outage on July 14, 2016, which caused production to be halted. Subsequent restart activities indicated that normal operating parameters had been affected from the outage and repairs were required. Adjustments to El Dorado’s ammonia plant synthesis loop are currently being made and the Company expects to restore ammonia production at nameplate capacity during the first week of August 2016.

In addition, LSB is undertaking necessary warranty repairs and modifications on its nitric acid plant at El Dorado during the seasonally slow period. The modifications and repairs on heat exchangers and NOX abatement systems are being done to increase efficiency and extend service life. The Company expects to complete the activities at the nitric acid plant in late August. Customer shipments are not expected to be interrupted as the facility has a secondary nitric acid plant and the Pryor, Cherokee and Baytown facilities are able to provide required shipments to customers if necessary.

About LSB Industries, Inc.

LSB Industries, Inc., headquartered in Oklahoma City, Oklahoma, manufactures and sells chemical products for the agricultural, mining, and industrial markets. The Company owns and operates facilities in Cherokee, Alabama, El Dorado, Arkansas and Pryor, Oklahoma, and operates a facility for a global chemical company in Baytown, Texas. LSB’s products are sold through distributors and directly to end customers throughout the United States. Additional information about the Company can be found on its website at www.lsbindustries.com.

Forward Looking Statement

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 “will”, “believes”, “expects”, “estimates”, “intends”, “anticipates”, “plans to”, “should”, “estimates”, “projects”, or similar expressions, including, without limitation, LSB’s plans and expectations with respect to the timing of the return to service of the El Dorado facility’s ammonia and nitric acid plants, and that customer shipments are not expected by the nitric acid plant downtime.

Investors are cautioned that such forward-looking statements are not guarantees of future performance and involve risk and uncertainties. Though we believe that expectations reflected in such forward-looking statements are reasonable, we can give no assurance that such expectation will prove to be correct. Actual results may differ materially from the forward-looking statements as a result of various factors, including, but not limited to: general economic conditions; weather conditions; increased maintenance costs; ability to install necessary equipment and renovations at our Facilities in a timely manner; changes to federal legislation or adverse regulations; increased competitive pressures, domestic and foreign; ability to complete transactions to address our leveraged balance sheet and cash flow requirements; loss of significant customers; increased costs of raw materials; and other factors set forth under “Risk Factors” and “Special Note Regarding Forward-Looking Statements” in our Form 10-K for the year ended December 31, 2015 and, if applicable, our Quarterly Reports on Form 10-Q and our Current Reports on Form 8-K, which contain a discussion of a variety of factors which could cause future outcomes to differ materially from the forward-looking statements contained in this release. All forward-looking statements included in this press release are expressly qualified in their entirety by such cautionary statements. We expressly disclaim any obligation to update, amend or clarify any forward-looking statement to reflect events, new information or circumstances occurring after the date of this press release except as required by applicable law.

 

 

Source: LSB Industries, Inc.

LSB Industries, Inc.:
Mark Behrman, 405-235-4546
Chief Financial Officer
or
Investor Relations:
The Equity Group Inc.
Fred Buonocore, 212-836-9607
Kevin Towle, 212-836-9620