LSB Industries, Inc. Updates Status Of Its Pryor, Oklahoma Chemical Facility
OKLAHOMA CITY--(BUSINESS WIRE)--
LSB Industries, Inc. (the “Company”) (NYSE:LXU) today announced that its chemical plant facility in Pryor, Oklahoma (“Pryor Facility”) was taken out of service during October, 2013 to perform unplanned maintenance which was indicated by our newly installed diagnostics equipment, and to improve equipment reliability. The scope of the unplanned maintenance activities has increased since the Pryor Facility was taken out of service as mechanical issues, and opportunities for plant performance improvements, were identified. The Company anticipates that the unplanned maintenance and performance improvement work will be completed and the Pryor Facility will be returned to production by the middle of November, 2013.
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 and June 30, 2013.
Copyright Business Wire 2013