13:05 11.05.15
LOS ANGELES --(BUSINESS WIRE)--
Rentech, Inc. (NASDAQ:RTK) today announced financial and operating results for the three months ended March 31, 2015.
Keith Forman, President and CEO of Rentech, stated, “Results for the first quarter were generally in line with our expectations for improved profits. At Rentech Nitrogen, margins improved in the first quarter from last year, due to robust demand for ammonia and ammonium sulfate, higher ammonium sulfate prices and lower natural gas prices.”
“At Fulghum, our cost controls are working and EBITDA margins have improved. We are also seeing strong demand for NEWP’s pellet products in the U.S. Northeast,” Mr. Forman continued.
“Our two Canadian wood pellet facilities are in commissioning. The Atikokan facility is supplying all of the required volume to OPG from its own production, and the pellets we are producing exceed the contract’s requirements for quality and energy content. Commissioning of the Wawa facility is going better than forecasted. We have completed integrated production runs, and we have run all 12 pellet mills at the plant. We loaded our first rail cars with pellets at Wawa, and they are ready to be transported to the port,” Mr. Forman added.
http://www.ariva.de/news/...es-Results-for-First-Quarter-2015-5363568