LSB Industries, Inc. Subsidiary, El Dorado Nitrogen, L.P. Receives OSHA Star Site Award for Baytown, Texas Facility
By Business Wire News
By Business Wire News
LSB Industries, Inc. (NYSE:LXU) (“LSB” or “the Company”), a producer of chemical products for the agricultural, mining and industrial markets and a leading manufacturer of commercial and residential climate control products, today announced that its El Dorado Nitrogen L.P. (“EDNLP”) subsidiary’s operation at the Bayer MaterialScience complex in Baytown, TX has been recertified by the Occupational and Safety Health Administration (“OSHA”) as a Star Site. This represents OSHA’s highest award level under its Voluntary Protection Program (“VPP”).
OSHA’s VPP promotes effective collaboration between facility management, labor and OSHA to establish comprehensive worksite-based safety and health systems. EDNLP has been deemed a Star Site, which is the highest possible recognition for employers and employees who demonstrate exemplary achievement in the prevention and control of occupational safety and health hazards and the development, implementation and continuous improvement of their safety and health management systems.
“We are very proud of our team at Baytown,” stated Barry Golsen, LSB’s President and Chief Executive Officer. “EDNLP first implemented the program and received Star Site certification in 2003, and has demonstrated continual improvements to its health and safety management system since that time. EDNLP has had no recordable incidents at the facility for nearly ten years, performance that is further recognized by OSHA as being significantly better than the industry average.”
About LSB Industries, Inc.
LSB is a manufacturing and marketing company. LSB’s principal business activities consist of the manufacture and sale of chemical products for the agricultural, mining, and industrial markets, and the manufacture and sale of commercial and residential climate control products, such as water source and geothermal heat pumps, hydronic fan coils, modular chillers, large custom air handlers and make-up air units.
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”, “should”, “estimates”, “projects”, or similar expressions, including, without limitation, ClimateMaster can realize its potential to deliver higher revenues and profitability; increased value for LSB’s shareholders; streamline cost structure and margin improvement; strengthen its reputation as a technology leader; and growth of this business. Actual results may differ materially from the forward-looking statements as a result of various future events, including without limitation, the various factors described in the “Special Note Regarding Forward-Looking Statements,” and the “Risk Factors” contained in our most recent 10-K for the year ended December 31, 2013, and Form 10-Qs for quarters ended March 31, June 30 and September 30, 2014. 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 LSB’s 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, Chief Financial Officer
Mark Behrman, Senior Vice President, Corporate Development
The Equity Group Inc.
Fred Buonocore, 212-836-9607
Linda Latman, 212-836-9609