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LSB INDUSTRIES, INC. ANNOUNCES A MAJOR NEW FIVE YEAR CONTRACT

 LSB INDUSTRIES, INC. ANNOUNCES A MAJOR NEW FIVE YEAR CONTRACT
 OKLAHOMA CITY, Nov. 9 /PRNewswire/ -- LSB Industries, Inc. (AMEX: LSB) announced today that its heat pump manufacturing subsidiary, Climate Master, Inc., has signed a definitive five year agreement to manufacture heat pumps on an original equipment manufacturing basis for a major U.S.A. air conditioning company. Under the contract Climate Master will supply to the customer all of the customer's U.S.A. requirements of commercial and residential water source heat pump products, which the customer will resell under its own brand name.
 The agreement provides for Climate Master to purchase certain manufacturing equipment and tooling from its customer, to manufacture the customer's existing line of water source heat pumps and to supply Climate Master's line of product ?Climate Master will supply both commercial and residential water source heat pumps which include state-of-the-art ground loop systems.
 LSB board chairman, Jack E. Golsen, stated that Climate Master expects to begin shipping product under the contract early in 1993, and further expects that, as a result of the contract, the sales of LSB's Environmental Control Business will substantially increase during the next five years.
 The company believes that at the present time Climate Master is one of the world's leading manufacturers of water source heat pumps, with the largest share of the water source heat pump market in the United States.
 LSB recently announced that its subsidiary, L&S Automotive Products, had entered into an agreement to sell to Czechoslovakia equipment and technology for a bearing manufacturing plant for US$56 million.
 LSB is a diversified company engaged in financial services and a variety of manufacturing, engineering, and marketing activities on a worldwide basis. LSB's principal industrial business activities consist of the manufacture and sale of chemical products, commercial air conditioning products, and automotive and industrial products. LSB's common stock, debentures, and Series 1 Preferred Stock are listed for trading on the American Stock Exchange.
 -0- 11/9/92
 /CONTACT: Tony M. Shelby, chief financial officer, LSB Industries, Inc., 405/235-4546.
 (LSB) CO: LSB Industries, Inc. ST: Oklahoma IN: FIN SU: CON


TS -- NY056 -- 8655 11/09/92 11:20 EST
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Publication:PR Newswire
Date:Nov 9, 1992
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