LSB Industries, SAIC to build Arkansas ammonia plant

|About: LSB Industries, Inc. (LXU)|By:, SA News Editor

LSB Industries (LXU) announces an agreement with SAIC (SAI) to construct a 375K ton/year ammonia plant in El Dorado, Ark.

SAIC will provide engineering services and manage the construction of the ammonia plant and associated facilities; the $250M-$300M project is expected to be completed by the end of 2015.

LSB will fund construction from proceeds of the recent $425M debt offering.