SIOUX CITY, Iowa, March 5 /PRNewswire-FirstCall/ -- As reported on
February 27, 2003, Terra Nitrogen Company, L.P. (TNCLP) (NYSE: TNH) has ceased
production at its Blytheville, Ark. facility and has placed it on standby
because of high natural gas prices. In addition, TNCLP has placed one of the
two Verdigris, Okla., ammonia plants on standby.
Current production levels represent about 35, 70 and 0 percent of TNCLP's
ammonia, UAN and urea manufacturing capacity, respectively. TNCLP's
facilities can resume full production within two days when natural gas and
nitrogen fertilizer price changes result in positive cash flow from the
additional production. Similarly, production can be ceased at the Verdigris
facility within one day if natural gas and nitrogen fertilizer price changes
adversely affect the cash flows of Verdigris production.
Terra Nitrogen Company, L.P. is a leading manufacturer of nitrogen
fertilizer products.
Information contained in this 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 fertilizer 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 Nitrogen Company, L.P. news announcements are also available
on Terra Industries' web site, http://www.terraindustries.com .
SOURCE Terra Nitrogen Company, L.P.; Terra Industries Inc.
 back to top
Related links:
http://www.terraindustries.com
Company News On-Call:
http://www.prnewswire.com/comp/106067.html
http://www.prnewswire.com/comp/437906.html
CONTACT:
Mark Rosenbury of Terra Industries Inc.,
+1-712-279-8756
|
