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Charlie Shaver, the Company's President and CEO, said: "On behalf of the Board of Directors and everyone at Texas Petrochemicals, I'd like to thank Kent for his time and effort during his tenure as Chairman of the Board. We offer our congratulations to him in his new role at LBI, and we look forward to working with Kent and LBI as they work through their restructuring and beyond as a customer and supplier of Texas Petrochemicals."
The Board of Directors has been actively engaged in a search to fill Mr. Potter's vacancy on the Board of Directors and anticipates announcing a replacement for such vacancy in the near future.
Headquartered in Houston, Texas, Texas Petrochemicals Inc. sells products into a wide range of performance, specialty and intermediate markets, including synthetic rubber, fuel additives, plastics and detergents. The Company has manufacturing facilities in the industrial corridor adjacent to the Houston Ship Channel, Port Neches and Baytown, Texas and operates a product terminal in Lake Charles, Louisiana. For more information, visit the Company's web site at http://www.txpetrochem.com.
Cautionary Information Regarding Forward-Looking Statements
Certain oral and written information that the Company may make publicly available from time to time may constitute forward-looking statements. Such statements may relate to future operating results, existing and expected competition, financing and refinancing sources and availability, and plans related to strategic alternatives or future expansion activities and capital expenditures. Forward-looking statements involve a number of risks and uncertainties that may significantly affect the Company's liquidity and results in the future and, accordingly, actual results may differ materially from those expressed in any forward-looking statements. Such risks and uncertainties include, but are not limited to, those related to effects of competition, leverage and debt service, financing and refinancing efforts, litigation and governmental investigations, environmental laws and regulations, general economic conditions and changes in laws or regulations.
Investor Relations
Contact: Robert Whitlow
Email: robert.whitlow@txpetrochem.com
Phone: 713-627-7474
Contact: Ruth Dreessen
Email: ruth.dreessen@txpetrochem.com
Phone: 713-627-7474
Media Relations
Contact: Sara Cronin
Email: sara.cronin@txpetrochem.com
Phone: 713-627-7474
SOURCE Texas Petrochemicals, Inc.
http://www.txpetrochem.com
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