TETRA Technologies, Inc. Announces Calcium
Chloride Manufacturing Expansion
Tuesday June 14, 8:45 am ET
THE WOODLANDS, Texas--(BUSINESS WIRE)--June 14, 2005--TETRA Technologies, Inc. ("TETRA" or the "Company") today announced the expansion of its liquid calcium chloride production capacity in Southern California. The investment of approximately $1 million will be spread between the Amboy and Cadiz calcium chloride production plant sites. This investment increases the plants' combined capacity by 100,000 tons to 200,000 liquid tons per year. The additional calcium chloride production will be used to supply the Western United States markets including a recent expansion into the Pacific Northwest market. Added capacity will also be used to augment supply from TETRA's existing Gulf Coast plants. The new production is expected to start coming on stream by the end of the third quarter in 2005.
TETRA Chemicals is the leading supplier of calcium chloride with ten manufacturing locations in North America and Europe along with exclusive supply agreements with major Chinese calcium chloride producers. TETRA Chemicals has over twenty-five distribution terminals in North America to provide reliable and timely service to its customer base. TETRA's newest terminal location is located in Vancouver, Washington.
TETRA is an oil and gas services company, including an integrated calcium chloride and brominated products manufacturing operation that supplies feedstocks to energy markets, as well as other markets.
This press release includes certain statements that are deemed to be forward-looking statements. These statements are based on certain assumptions and analyses made by the Company in light of its experience and its perception of historical trends, current conditions, expected future developments and other factors it believes are appropriate in the circumstances. Such statements are subject to a number of risks and uncertainties, many of which are beyond the control of the Company. Investors are cautioned that any such statements are not guarantees of future performances and that actual results or developments may differ materially from those projected in the forward-looking statements. Some of the factors that could affect actual results are described in the section titled "Certain Business Risks" contained in the Company's Annual Report on Form 10-K for the year ended December 31, 2004.
TETRA Technologies, Inc.
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