Oklahoma City-LSB Industries Inc. reports that a preliminary estimate of consolidated sales for calendar year 2006 is $491 million, up 23.7 percent from 2005’s $397 million. Sales for 2006 by the Climate Control segment are estimated at $221 million, up 40.8 percent from $157 million in 2005, while sales by the Chemical segment are estimated at $260 million, an 11.6 percent improvement from 2005’s $233 million. Final results are expected to be issued around March 15, 2007. In other news, LSB can’t bank on the $9.8 million its subsidiary El Dorado Chemical Co. (EDC) was awarded by a jury last October (GM Oct. 23, p. 10), as the defendants, Ingersoll-Rand Co. and DR Holding Corp., general partners of Dresser Rand Co., have filed a notice of appeal with the Circuit Court of Union County, Ark. They have also posted as security for the judgment a supersedeas bond in the amount of $10.78 million. EDC has also filed a notice of cross appeal regarding the failure to award prejudgment interest on the judgment amount.
Transparency Across the Fertilizer Value-Chain