SIOUX CITY, Iowa, Jan. 2 /PRNewswire/ --
Terra Nitrogen Company, L.P. (NYSE: TNH) (TNCLP) reported today that it
has idled for January its Blytheville, Ark., facility and one-half of its
Verdigris, Okla., facility due to high natural gas prices. The idled capacity
represents 64%, 50% and 100% of TNCLP's total ammonia, UAN and urea
manufacturing capacity, respectively. The facilities will restart when
natural gas and nitrogen prices reach levels allowing positive cash flows from
the facilities.
Terra Nitrogen Company, L.P. is a leading manufacturer of nitrogen
fertilizer products.
Information contained in this news release, other than historical
information, may be considered forward-looking. Forward-looking information
reflects management's current views of future events and financial performance
that involve a number of risks and uncertainties. The factors that could
cause actual results to differ materially include, but are not limited to, the
following: changes in financial markets, general economic conditions within
the agricultural industry, competitive factors and price changes (principally
nitrogen selling prices and natural gas costs), changes in product mix,
changes in the seasonality of demand patterns, changes in weather conditions,
changes in governmental regulations and other risks described in the "Factors
That Affect Operating Performance" section of TNCLP's current annual report.
Note: Terra Industries' news announcements are also available on its web
site, http://www.terraindustries.com and by fax at no charge by calling
800-758-5804, code 437906.
SOURCE Terra Nitrogen Company, L.P.
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Related links:
http://www.terraindustries.com
Company News On-Call:
http://www.prnewswire.com/comp/106067.html or fax,
800-758-5804, ext. 106067
CONTACT:
Mark Rosenbury of Terra Nitrogen Company,
L.P., 712-279-8756
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