What are Lsb Industries Inc's Business Segments?
Industrial Acids and Other Chemical Products
We manufacture and sell industrial acids and other chemical products primarily
to the polyurethane, paper, fibers, emission control, and electronics industries.
In addition, we produce and sell blended and regular nitric acid and industrial
and high purity ammonia for many specialty applications, including the reduction
of air emissions from power plants. In addition, in November 2015, one of our
subsidiaries, El Dorado Chemical Company (“EDC”) and Koch Fertilizer
entered into an ammonia purchase and sale agreement under which Koch Fertilizer
agreed to purchase, with minimum purchase requirements.
Mining Products
Our mining products are LDAN and AN solution. We sell LDAN and AN solution directly
to explosive distributors, mining companies and aggregate companies who sell
into the coal mining, metals mining and construction industries. We have signed
long-term contracts with customers that provide for the sale of LDAN of approximately
70,000 tons per year under various natural gas-cost-plus-a-fixed-dollar-amount
pricing arrangements.
Agricultural Products
We produce UAN, HDAN, and ammonia, all of which are nitrogen-based fertilizers.
Farmers and ranchers decide which type of nitrogen-based fertilizer to apply
based on the crop planted, soil and weather conditions, regional farming practices
and relative nitrogen fertilizer prices. Our agricultural markets include a
high concentration of pastureland and row crops, which favor our products. We
sell these agricultural products to farmers, ranchers, fertilizer dealers and
distributors primarily in the ranch land and grain production markets in the
U.S. We develop our market position in these areas by emphasizing high quality
products, customer service and technical advice. During the past few years,
we have been successful in expanding outside our traditional markets by delivering
to distributors on the Tennessee and Ohio rivers by barge, and by delivering
to certain Western States by rail.
|