SIOUX CITY, Iowa, Nov. 4 /PRNewswire-FirstCall/ -- Terra Industries Inc.
(NYSE: TRA) announced it has formed the Terra Environmental Technologies
Division to develop sales and services to customers using nitrogen products to
reduce nitrogen oxides (NOx) and other emissions from various sources,
including power plants; and in other environmental processes, such as water
treatment. Terra Environmental Technologies will design and deliver products
that meet customer specifications and actively participate in developing and
implementing emission control technologies and regulations.
Barry Lonsdale, currently Terra Canada Managing Director, is President of
the new division, which consists of several Terra people from various
locations filling sales, technical, logistics, environmental and safety roles.
Lonsdale earned a B.S. in Applied/Natural Sciences and Economics from the
University of Western Ontario. He has more than 25 years' experience in
various areas of the chemical industry, including a position as North American
Vice President of Lever Industries, a Unilever Company. He joined Terra in
1997 as Plant Manager of its Courtright, Ont., nitrogen manufacturing
facility, and in 2001 was promoted to Managing Director of Terra International
(Canada), Inc.
"This market is an exciting opportunity for Terra," said Terra President
and CEO Michael Bennett. "It allows us to reach a new customer base with
products we already manufacture and services that we are already capable of
providing. Through our Environmental Technologies Division, we see Terra
becoming a valued partner to industrial customers facing increasingly
demanding environmental standards."
Terra Industries Inc., with 2002 revenues of $1 billion, is a leading
international producer of nitrogen products and methanol.
This news release may contain forward-looking statements, which involve
inherent risks and uncertainties. Statements that are not historical facts,
including statements about Terra Industries Inc.'s beliefs, plans or
expectations, are forward-looking statements. These statements are based on
current plans, estimates and expectations. Actual results may differ
materially from those projected in such forward-looking statements and
therefore you should not place undue reliance on them. A non-exclusive list of
the important factors that could cause actual results to differ materially
from those in such forward-looking statements is set forth in Terra Industries
Inc.'s most recent report on Form 10-K and Terra Industries Inc.'s other
documents on file with the Securities and Exchange Commission. Terra
Industries Inc. undertakes no obligation to publicly update or revise any
forward-looking statement, whether as a result of new information, future
developments or otherwise.
Note: Terra Industries' news announcements are also available on its web
site, http://www.terraindustries.com .
SOURCE Terra Industries Inc.
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Related links:
http://www.terraindustries.com
Company News On-Call:
http://www.prnewswire.com/comp/437906.html
CONTACT:
Mark Rosenbury of Terra Industries Inc.,
+1-712-279-8756
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