Mississippi Chemical Corporation purchases Melamine Chemicals

16-Apr-2003

Mississippi Chemical Corporation and Borden Chemical announced today the purchase of the common stock and assets of melamine Chemicals, Inc., a producer of melamine crystal, by Triad nitrogen, L.L.C., a wholly owned subsidiary of Mississippi Chemical Corporation. Terms of the transaction were not disclosed.

Located in Donaldsonville, La., adjacent to Mississippi Chemical's nitrogen facility, the Melamine Chemicals plant produces melamine crystal, a raw material used to produce high- and low-pressure laminates and other melamine-based products. These products are used in the construction/remodeling industry and in the automotive industry. This plant has two production units with the combined capacity to produce approximately 115 million pounds of melamine a year. Mississippi Chemical Corporation initially intends to operate only one facility producing approximately 80 million pounds of melamine a year. Borden Chemical, Inc., the owner of Melamine Chemicals, Inc., in late 2001 announced its intent to sell the business, and subsequently idled the facility in 2002.

Charles O. Dunn, president and chief executive officer of Mississippi Chemical, said, "This purchase will create synergies between our nitrogen facility and the melamine facility, thereby enhancing the value of the Donaldsonville complex. We will be able to use our urea facility, which has been idled, to provide the raw material to produce melamine. In addition, this acquisition will increase the diversity in the product lines available from this complex. We expect the melamine facility to be operating by late spring 2003."

https://www.chemeurope.com/en/news/22320/mississippi-chemical-corporation-purchases-melamine-chemicals.html