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LSB Industries, Inc. Reports That Its Pryor, Oklahoma Facility Has Achieved Sustained Ammonia Production

May 6, 2014



OKLAHOMA CITY--(BUSINESS WIRE)-- LSB Industries, Inc. (NYSE:LXU) (“LSB”) announced today that its Pryor, Oklahoma chemical facility (“Pryor Facility”) ran its anhydrous ammonia plant for the full month of April 2014 at its targeted production rate of approximately 650 tons per day on average and has continued that into May. As previously reported, the Pryor Facility’s anhydrous ammonia plant returned to production during the last several days of February 2014 at a reduced rate and was gradually brought up to its targeted rate during March. Additionally, in early May 2014, the Pryor Facility resumed production of urea and UAN.

Jack Golsen, LSB’s Board Chairman and CEO stated, “The extensive work we have performed to upgrade and improve the reliability of our Pryor Facility is beginning to yield results. With the anhydrous ammonia plant now producing at targeted rates, we can significantly increase LSB’s output of urea and UAN, and capitalize on the market opportunities for these products. While our upgrade of Pryor is not yet complete, we are pleased with the progress we have made to date, and anticipate meaningful improvement of the plant’s operating performance in the future.”

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 geothermal and water source heat pumps, hydronic fan coils and modular geothermal chillers, and large custom air handlers.

This press release contains certain forward-looking statements within the meaning of the Private Securities Litigation Act of 1995.These forward-looking statements generally are identifiable by use of the words “believe,” “expects,” “intends,” “plans to,” “estimates,” “projects,” or similar expressions, and such forward-looking statements include, but are not limited to, that the extensive work we have performed to upgrade and improve the reliability of the Pryor Facility is beginning to yield results, that we can significantly increase LSB’s output of urea and UAN and capitalize on market opportunities for these products, and that we will have meaningful improvement in the Pryor Facility’s operating performance in the future.Investors are cautioned that such forward-looking statements are not guarantees of future performance and involve risk and uncertainties, and that actual results may differ materially from the forward-looking statements, as a result of various factors, including, without limitation, general economic conditions, ability to obtain replacement and repair equipment and parts in a timely manner, weather conditions, labor conditions, equipment issues that arise from time to time, and other factors set forth under “A Special Note Regarding Forward-Looking Statements” in our Form 10-K for year ended December 31, 2013.



Company:

LSB Industries, Inc.

Tony M. Shelby, 405-235-4546

Chief Financial Officer

or

Mark Behrman, 405-235-4546

Senior Vice President

or

Investor Relations:

The Equity Group Inc.

Fred Buonocore, 212-836-9607

or

Linda Latman, 212-836-9609




Source: LSB Industries, Inc.


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