OKLAHOMA CITY--LSB Industries, Inc. (the Company) (NYSE: LXU) updated the status of its Pryor, OK Facility (Pryor Facility), which was shut-down on March 15, 2012 for unplanned maintenance. The ammonia plant resumed production on March 22 and is currently producing at the rate of 625 tons per day, for sale directly into the fertilizer market. The maintenance undertaken at the urea plant, which produces urea ammonia nitrate (UAN) is not complete. As a result, the Pryor Facility did not produce UAN during the month of March. The Company expects to resume production of UAN later this month, and will announce when UAN production has resumed.
The Company estimates that the maintenance downtime will result in approximately $4 million less operating income than otherwise would have been expected in March and approximately $1.0 million less in April 2012.
LSB is a manufacturing and marketing company. LSB's principal business activities consist of 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; and the manufacture and sale of chemical products for the agricultural, mining, and industrial markets.
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