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Key Developments: LSB Industries Inc (LXU)

LXU on New York Consolidated

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3 May 2016
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Latest Key Developments (Source: Significant Developments)

LSB Industries Inc announces mechanical completion of its El Dorado, Arkansas facility's ammonia plant
Tuesday, 16 Feb 2016 07:00am EST 

LSB Industries Inc:Announces the mechanical completion of its El Dorado, Arkansas facility's ammonia plant; production expected to begin early second quarter 2016.As of January 31, 2016, lsb's investment in its El Dorado expansion project totaled approximately $730 million.Expects remaining expenditures for completing pre-commissioning, commissioning of ammonia plant to be in $101 to $125 million range.  Full Article

LSB Industries Inc appoints Daniel D. Greenwell as President and Chief Executive Officer
Tuesday, 29 Dec 2015 06:30am EST 

LSB Industries Inc:Says Board of Directors has appointed Interim Chief Executive Officer Daniel D. Greenwell as President and Chief Executive Officer, effective immediately.  Full Article

LSB Industries Inc provides operational update on Cherokee, Alabama and Pryor, Oklahoma Facilities
Thursday, 17 Dec 2015 06:30am EST 

LSB Industries Inc:Announced that the ammonia plant at its Cherokee, Alabama chemical facility was taken out of service for unplanned maintenance on December 11 2015 due to a small leak that was detected in a vessel containing hydrogen.Repairs are currently underway and the Cherokee Facility is expected to resume production on or around Dec. 24, 2015.LSB management estimates that this unplanned outage will reduce operating income by about $2.5 million to $3.0 million.Management anticipates that Pryor will resume urea and UAN production on or around December 21, 2015.  Full Article

LSB Industries announces closing of $210 million sale of securities
Monday, 7 Dec 2015 06:30am EST 

LSB Industries, Inc:Says it has completed the sale of $210 million of preferred stock and warrants in a private placement to an affiliate of Security Benefit Corporation that it had previously announced on Nov. 6, 2015.Intends to use the net proceeds from the sale of the securities primarily for the completion of construction of an ammonia plant, nitric acid plant and nitric acid concentrator at its chemical facility located in El Dorado, Arkansas.  Full Article

LSB Industries Inc Announces Pryor, Oklahoma Facility Resumes Production
Monday, 28 Sep 2015 07:30am EDT 

LSB Industries Inc:Says LSB Industries Inc announces that its Pryor, Oklahoma facility resumes production.Estimates periods of downtime at Pryor in August and September will reduce Q3 2015 sales volumes of uan by about 35,000 - 40,000 tons.Estimates that periods of downtime at Pryor in August and September will reduce Q3 sales volumes of uan by about 35,000 to 40,000 tons.Estimates periods of downtime at Pryor in August and September will reduce Q3 sales volumes of ammonia by about 7,000 to 10,000 tons.  Full Article

LSB Industries Inc announces leadership transition
Thursday, 3 Sep 2015 09:00am EDT 

LSB Industries Inc:Barry H. Golsen Steps Down as President and CEO.Board Initiates Search Process for Permanent President and CEO.Says Board of Directors has appointed Daniel D. Greenwell, Lead Independent Director, to serve as Interim Chief Executive Officer.  Full Article

LSB Industries, Inc reports that its chemical business' Cherokee, Alabama Facility resumes production
Wednesday, 31 Dec 2014 04:01pm EST 

LSB Industries, Inc:Says on Dec. 28, its chemical plant facility in Cherokee, Alabama resumed production after being taken out of service in late Nov. for unplanned maintenance, as previously disclosed.Cherokee Facility is currently producing at its historical rate.  Full Article

LSB Industries Inc announces change of Chief Executive Officer
Tuesday, 23 Dec 2014 07:00pm EST 

LSB Industries Inc:Says that Jack E. Golsen, currently Chairman of the Board and Chief Executive Officer and the founder of LSB, will step down as CEO and assume the role of Executive Chairman of the Board of Directors, effective Jan. 1, 2015.Says at that time, Barry H. Golsen, currently President and Chief Operating Officer, will assume the role of President and Chief Executive Officer.  Full Article

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