CF Industries Louisiana Complex Back In Production
Natural Gas Supplies Adequate
All Modes Of Outbound Shipping Available And Operating
Friday September 2, 8:55 am ET
LONG GROVE, Ill.--(BUSINESS WIRE)--Sept. 2, 2005--CF Industries Holdings, Inc. today announced that its nitrogen fertilizer complex in Donaldsonville, LA has resumed production and shipment of ammonia, urea, and UAN solutions. By Friday morning, three of the facility's four ammonia plants, three of its four urea plants, and its two UAN solutions plants were in production. The fourth ammonia and urea plants have begun normal startup procedures .
As reported earlier, the complex near Baton Rouge - which was shut down Sunday, August 28, prior to landfall of Hurricane Katrina - came through the storm in excellent condition, with no injuries to employees and minimal damage. The facility began an orderly startup process on Tuesday, August 30.
"We are receiving adequate natural gas supplies to support production levels, all modes of outbound transportation - pipeline, barge, rail, and truck - are available and operating, and we have a full complement of employees working at the facility," explained Stephen R. Wilson, the company's chairman and chief executive officer.
In addition to the Donaldsonville complex, CF Industries also operates a nitrogen fertilizer complex in Medicine Hat, Alberta, Canada.
CF Industries Holdings, Inc., headquartered in Long Grove, Illinois, is the holding company for the operations of CF Industries, Inc. CF Industries, Inc. is a major producer and distributor of nitrogen and phosphate fertilizer products. CF Industries operates world-scale nitrogen fertilizer plants in Donaldsonville, Louisiana and Medicine Hat, Alberta, Canada; conducts phosphate mining and manufacturing operations in Central Florida; and distributes fertilizer products through a system of terminals, warehouses, and associated transportation equipment located primarily in the midwestern United States.
Safe Harbor Statement
Certain statements contained in this release may constitute "forward-looking statements" within the meaning of federal securities laws. All statements in this release, other than those relating to our historical information or current condition, are forward-looking statements. These forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond our control, which could cause actual results to differ materially from such statements. These risks and uncertainties include: the relatively expensive and volatile cost of natural gas; the cyclical nature of our business; the nature of our products as global commodities; intense global competition in the consolidating markets in which we operate; conditions in the U.S. agricultural industry; weather conditions; our inability to accurately predict seasonal demand for our products; the concentration of our sales to our pre-IPO owners and other large customers; the impact of changing market conditions on our forward pricing program; the significant risks and hazards involved in fertilizer manufacturing; unanticipated consequences related to future expansion of our business; our inability to expand our business, including that due to the significant resources that could be required; potential liabilities and expenditures related to environmental and health and safety laws and regulations; our inability to obtain or maintain required permits and governmental approvals; acts of terrorism; difficulties in securing the raw materials we use; changes in global fertilizer supply and the other risks and uncertainties included from time to time in our filings with the Securities and Exchange Commission. We undertake no obligation to update or revise any forward-looking statements.
CF Industries Holdings, Inc.
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