Mississippi Phosphates Corp. said Dec. 5 that it will be stop DAP production early next week. Sulfuric acid operations will continue for several days in order for the company to establish inventory needed to support ongoing wastewater treatment needs.
“The company will continue with other aspects of its core operations, including ammonia terminaling operations, maintenance, security and environmental controls,” said Steve Russo, Miss Phos CEO.
“At this time, we do not know when DAP production might resume. The company is actively seeking buyers for its assets while we continue to move forward with the other elements of our bankruptcy case.” Miss Phos petitioned for Chapter 11 bankruptcy protection on Oct. 27, 2014.
Workforce reductions will occur over the next two weeks, with approximately 50 employees remaining on hand to perform the remaining core operations. On Tuesday, Dec. 2, Miss Phos and State of Mississippi representatives held workforce transition meetings for all employees at the company’s Pascagoula facilities to assist impacted employees and provide outplacement guidance and assistance.
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