SECURITIES AND
EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported) September 22, 2005
LSB INDUSTRIES, INC.
(Exact name of registrant as specified in its charter)
Delaware
1-7677
73-1015226
(State or other (Commission File (IRS Employer
jurisdiction of Number) Identification No.)
incorporation)
16 South Pennsylvania Avenue, Oklahoma City, Oklahoma
73107
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (405) 235-4546
Not applicable
(Former name or former address, if changed since last report)
Item 8.01 Other
Events
On September 22, 2005, the Company's Chemical business suspended
production at it's Alabama facility due to the disruption in delivery of natural
gas, because of damages to a natural gas pipeline resulting from Hurricane Katrina. It
is unknown as to when the natural gas pipeline will return to service. The Company's
Chemical business has also suspended production at it's Baytown,
Texas facility, as precautionary action in preparation for Hurricane Rita. The
press release is attached hereto as Exhibit 99.1 and is incorporated herein by
reference.
In addition, our Chemical business has agreed with one of its customers to allow
the customer to suspend its October, 2005 obligations to purchase from our
Chemical business 8,000 tons of UAN products due to the Hurricane Katrina and
the substantial increases in natural gas cost.
Item 9.01 Financial Statements and Exhibits
(c) Exhibits
Exhibit Number
Description
99.1
Press release dated September 22, 2005
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Company has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Dated: September 23, 2005 LSB INDUSTRIES, INC.
By:
/s/ Jim D. Jones
Jim D. Jones,
Senior Vice President,
Treasurer and
Corporate Controller,
(Principal
Accounting Officer)
COMPANY CONTACT: Tony
M. Shelby
Chief Financial Officer
(405) 235-4546
KCSA CONTACT: Leslie
A. Schupak/Joe Mansi
(212) 682-6300, ext. 205/207
September 22, 2005
AMEX: LXU
LSB INDUSTRIES, INC. ANNOUNCES
SUBSIDIARY TO
SUSPEND PRODUCTION DUE TO
FORCE MAJEURE
DECLARED BY NATURAL GAS PIPELINE
Oklahoma
City, Oklahoma . . . September 22, 2005 . . . LSB Industries, Inc. whose common
stock is traded over the American Stock Exchange under the symbol LXU
(AMEX: LXU) announced today that
its subsidiary, Cherokee Nitrogen Company, will suspend production tomorrow at
its Cherokee, Alabama facility due to the disruption in delivery of natural gas
carried on the Tennessee 500 Leg natural gas pipeline. The Tennessee 500 Leg natural gas
pipeline was damaged by Hurricane Katrina, and although repairs are underway,
it is unknown as to when this pipeline will be back in service. Natural gas is the principal raw
material for the production of chemical products at the Cherokee facility.
During this period of suspended production, Cherokee will perform annual
maintenance procedures that had been scheduled to begin October 1, 2005. Cherokee anticipates returning its
plant to production when natural gas supplies are again available on the
Tennessee 500 Leg natural gas pipeline or other acceptable source.
LSB
also announced that the nitric acid plant operated by its subsidiary, El Dorado
Nitrogen, L.P., which is located in Baytown, Texas, has been shut down in
anticipation of Hurricane Rita. El
Dorado Nitrogen coordinated its shut down with its major customer, which has
also shut down its Baytown plants in anticipation of the hurricane.
LSB
further announced that the chemical plant facility in El Dorado, Arkansas,
operated by LSB subsidiary El Dorado Chemical Company remains in full
operation.
LSB is a manufacturing, marketing, and engineering company
with activities on a worldwide basis.
LSB’s principal business activities consist of the manufacture and sale
of commercial and residential climate control products, the manufacture and
sale of chemical products for the mining, agricultural and industrial markets,
and the provision of specialized engineering services and other activities.
(continued)
This press release contains the
following forward-looking statement:
“Cherokee anticipates returning its plant to production when natural gas
supplies are available in the Tennessee 500 Leg natural gas pipeline or other
acceptable source.” Such statement
is subject to risks and uncertainties that could result in results differing
materially from such forward-looking statements, such as general economic
conditions, regulatory changes, changes in business conditions and governmental
policies, obtaining natural gas supplies on terms reasonably satisfactory to us
and recurring natural disasters.
The Company has no obligation to update any forward-looking statement.
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