Compass Minerals to Increase Prices of Sulfate of Potash Specialty Fertilizers.OVERLAND PARK, Kan. -- Great Salt Lake Minerals Corp. (GSL GSL - Grenoble System Language. M. Berthaud, IBM, Grenoble. "GSL Language Reference Manual", M. Berthaud et al, March 1973. "A MOL-Based Software Construction System", M. Berthaud et al, in Machine Oriented Higher Level Languages, W. van der Poel, N-H 1974, pp.151-157. ), a subsidiary of Compass Minerals (NYSE NYSE See: New York Stock Exchange : CMP CMP (cytidine monophosphate): see cytosine. (1) (CMP Media LLC, Manhasset, NY, www.cmp.com) Part of United Business Media, CMP is a leading integrated media company that offers a wide variety of publications and services in the information ), will increase the price of its sulfate sulfate, chemical compound containing the sulfate (SO4) radical. Sulfates are salts or esters of sulfuric acid, H2SO4, formed by replacing one or both of the hydrogens with a metal (e.g., sodium) or a radical (e.g., ammonium or ethyl). of potash (SOP) specialty fertilizer products by an average of $72 per short ton effective with all shipments April 14, 2008, or as allowed by existing contracts. "This price increase will help support our announced plans for a multi-phased expansion of our SOP production capacity at the Great Salt Lake in Utah, allowing us to better meet the long-term needs of the growers who rely upon our specialty fertilizer products," said Ronald Bryan, vice president and general manager, GSL. With this latest increase, the company has also introduced a simplified SOP price list which is posted on the GSL website at www.gslminerals.com. The list price for standard, non-granulated SOP will be $658 per short ton at the company's Ogden, Utah, solar evaporation plant and granular SOP will be $670 per short ton. These new prices will apply on April 14 to all new customers and spot transactions and will be progressively implemented throughout 2008 as current contracts expire. About Compass Minerals Based in the Kansas City metropolitan area, Compass Minerals is a leading producer of inorganic minerals, including salt, sulfate of potash specialty fertilizer and magnesium chloride magnesium chloride Warning - High-alert drug! Chloromag, Mag 64, Mag Delay, Slo-Mag Pharmacologic class: Mineral Therapeutic class: . The company provides highway deicing De-icing is the process of removing ice from a surface. Anti-icing is the process of preventing ice from forming on a surface. Deicing can be accomplished by mechanical methods (scraping), through the application of heat, by use of chemicals designed to lower salt to customers in North America and the United Kingdom, and produces and distributes consumer deicing and water conditioning products, ingredients used in consumer and commercial foods, specialty fertilizers, and products used in agriculture and other consumer and industrial applications. Compass Minerals also provides records management services to businesses throughout the U.K. This press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. These statements are based on the Company's current expectations and involve risks and uncertainties that could cause the Company's actual results to differ materially. The differences could be caused by a number of factors including those factors identified in Compass Minerals International's annual report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. filed with the Securities and Exchange Commission on February 22, 2008. The Company undertakes no obligation to update any forward-looking statements made in this press release to reflect future events or developments. |
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