OKLAHOMA CITY--LSB Industries, Inc. (LSB), (NYSE: LXU) announced recent production volumes at its subsidiary, Pryor Chemical Company, located in Pryor, Oklahoma.
we expect to be able to satisfy our customer demand for UAN as we convert more ammonia to UAN and Pryor is strengthening our agricultural market presence.
For the month of November 2010, the Pryor plant produced and sold approximately 16,500 tons of anhydrous ammonia.
For the month of December, Pryor produced approximately 16,500 tons of anhydrous ammonia. Approximately 4,700 tons of the ammonia were converted into 11,500 tons of urea ammonium nitrate (UAN) and most of the balance was sold as ammonia. Throughout November and December, market demand for ammonia was strong and most ammonia produced at Pryor was sold, rather than converted to UAN. We expect to be able to satisfy customer demand for UAN as we convert more ammonia to UAN to meet seasonal demand.
Jack Golsen, LSBs Board Chairman and CEO, The Pryor plant is up and running and producing to our expectations. We believe that Pryor is a valuable asset to LSB as it is strengthening our agricultural market presence.
LSB is a manufacturing, marketing and engineering company. LSBs 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, large custom air handlers, modular geothermal chillers; the manufacture and sale of chemical products for the mining, agricultural and industrial markets; and the provision of specialized engineering services and other activities. LSB is included in the Russell 2000 Index and the Russell 3000 Index.
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