LSB Industries, Inc. Provides Update on Pryor
OKLAHOMA CITY--(BUSINESS WIRE)-- LSB Industries, Inc. (LXU) said today that as part of the Companys safety policy, LSB has determined to take down the anhydrous ammonia plant at its Pryor, Oklahoma chemical facility due to excessive vibrations in the second stage of the compressor detected by recently installed monitors. The second stage compressor of the ammonia plant has been sent to Sulzer Turbo Services Houston, Texas laboratory for high speed testing and diagnosis. At the present time, based on available information, the Company expects the ammonia plant at the Pryor facility to be returned to service before the end of January. As previously announced on December 30, 2013, the ammonia plant at the Pryor facility was restarted, after having been down for most of the fourth quarter 2013.
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, plans to, estimates, projects, or similar expressions, including, without limitation, and the return to service of the ammonia plant at the Pryor Facility. Actual results may differ materially from the forward-looking statements as a result of various future events, including without limitation, general economic conditions, weather conditions, receipt of materials in a timely manner, the result of the test and the Risk Factors in our most recent 10-K and Form 10-Qs for quarters ended March 31, June 30 and September 30, 2013. 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 LSBs expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based.
LSB Industries, Inc.
Tony M. Shelby, 405-235-4546
Chief Financial Officer
Joele Frank, Wilkinson Brimmer Katcher
Tim Lynch/Sharon Stern, 212-355-4449
Source: LSB Industries, Inc.Copyright Business Wire 2014