• August 7, 2020

Ciner Resources to Exit ANSAC on December 31, 2020 - Odessa American: Business

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Ciner Resources to Exit ANSAC on December 31, 2020

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Posted: Friday, July 31, 2020 4:26 pm

WESTPORT, Conn.--(BUSINESS WIRE)--Jul 31, 2020--

American Natural Soda Ash Corp. (“ANSAC”) and Ciner Resources Corporation (“Ciner Resources”) have reached an agreement for Ciner Resources to exit ANSAC effective December 31, 2020, one year earlier than previously announced. This earlier exit was agreed to by Ciner Resources, ANSAC and ANSAC’s remaining members in order to allow for a more efficient transition to independently serving customers around the world.

Until the exit date, Ciner Resources will continue to meet its ANSAC membership obligations, which include utilizing ANSAC as Ciner Resources’ exclusive export sales outlet for U.S.-produced soda ash destined for territories served by ANSAC. Following its exit from ANSAC, Ciner Resources will assume direct responsibility for its export sales and related marketing and logistics requirements that are currently being provided by ANSAC. However, ANSAC has agreed to purchase a limited amount of volume from, and to provide certain logistics services to, Ciner Resources for a limited period after Ciner Resources’ exit.

“ANSAC’s remaining members are committed to the ANSAC organization and business model, as ANSAC enables us to provide overseas customers with high-quality product through a reliable and efficient supply chain,” said Edward Flynn, Chairman of the ANSAC Board of Directors and President of Genesis Alkali.

“Ciner Resources’ early departure will enable us to have a smoother transition from ANSAC while being able to accelerate our integration with Ciner Group’s global marketing and distribution network,” said Ciner Resources’ CEO, Oguz Erkan.

About ANSAC

Established in 1984, ANSAC operates as the sales, marketing and logistics arm for several leading U.S. producers of high-quality, environmentally-friendlier natural soda ash. As the world’s largest soda ash exporter, ANSAC provides its customers with the ability to reliably produce superior products in end-use industries such as glass, detergents, chemicals, water treatment and lithium batteries.

For more information on ANSAC, visit http://www.ansac.com/.

About Ciner Resources Corporation

Ciner (pronounced ‘jin-ner’) Resources manages the trona ore mining and soda ash production business of Ciner Wyoming LLC, one of the world’s largest and lowest cost producers of natural soda ash, serving a global market from its state-of-the-art production facility located in Green River, Wyoming. The facility has been producing high-quality soda ash since 1962.

For more information on Ciner visit http://www.ciner.us.com/.

This press release contains forward-looking statements relating to the plans, objectives, future performance and business of ANSAC and Ciner Resources. Statements other than statements of historical facts included in this press release that address activities, events or developments that such party expects, believes or anticipates will or may occur in the future are forward-looking statements. These statements contain words such as “possible,” “believe,” “should,” “could,” “would,” “predict,” “plan,” “estimate,” “intend,” “may,” “anticipate,” “will,” “if,” “expect” or similar expressions. Such statements are based only on such party’s respective current beliefs, expectations and assumptions regarding the future of such party’s respective business, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of such party’s control. Recipients are cautioned not to place undue reliance on any forward-looking statement because no forward-looking statement can be guaranteed. All forward-looking statements included in this press release are expressly qualified in their entirety by such cautionary statements. Unless required by law, each of ANSAC and Ciner Resources undertakes no duty and does not intend to update the forward-looking statements made herein to reflect new information or events or circumstances occurring after the date of this press release. All forward-looking statements speak only as of the date made.

View source version on businesswire.com:https://www.businesswire.com/news/home/20200731005487/en/

CONTACT: Investor Relations

Ed Freydel

Vice President, Supply Chain & Finance (770) 375-2323

EFreydel@ciner.us.com

KEYWORD: CONNECTICUT UNITED STATES NORTH AMERICA

INDUSTRY KEYWORD: MINING/MINERALS NATURAL RESOURCES

SOURCE: Ciner Resources LP

Copyright Business Wire 2020.

PUB: 07/31/2020 05:26 PM/DISC: 07/31/2020 05:26 PM

http://www.businesswire.com/news/home/20200731005487/en

© 2020 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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