Terra Industries resumes work at Okla. plant
Friday February 13, 2:21 pm ET
Terra Industries resumes ammonia and methanol production at its Woodward, Okla., facility
SIOUX CITY, Iowa (AP) -- Terra Industries Inc., which makes nitrogen-based fertilizer products, said Friday it resumed production at its Woodward, Okla. manufacturing facility, which has been idle since Dec. 18.
Terra will run the facility's ammonia plant "at optimal rates to manage inventories in the continuing slow industrial ammonia demand environment," the company said.
The upgrading plants will operate at full rates to meet agricultural nitrogen demand.
The facility's methanol plant also has resumed production.
Terra Industries earlier this week reported that its fourth-quarter profit more than doubled as revenue increased primarily due to higher nitrogen product selling prices.
Shares rose 1 cent to $24.68 in afternoon trading.
Source: Associated Press
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