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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) AUGUST 10, 1995
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MELAMINE CHEMICALS, INC.
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(Exact name of registrant as specified in its charter)
DELAWARE 0-16032 64-0475913
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(State or other jurisdiction (Commission File Number) (IRS Employer Identification
of incorporation) No.)
HIGHWAY 18 WEST
DONALDSONVILLE, LOUISIANA 70346
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(ADDRESS OF PRINCIPAL EXECUTIVE OFFICER) (ZIP CODE)
Registrant's telephone number, including area code (504) 473-3121
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ITEM 5. OTHER EVENTS
On August 10, 1995, Melamine Chemicals, Inc. issued the attached press
release.
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For: MELAMINE CHEMICALS, INC. Contact: RON COMO & ASSOCIATES, INC.
P.O. Box 748 74 Trinity Place
Donaldsonville, LA 70346 New York, NY 10006
Fred Huber, President & CEO Telephone: (212) 227-3010
Wayne D. DeLeo, Vice President & CFO
Telephone: (504) 473-3121 August 10, 1995
Immediate Release
MELAMINE CHEMICALS, INC. SIGNS LETTERS OF INTENT
DONALDSONVILLE, LOUISIANA, AUGUST 10TH--Melamine Chemicals, Inc. (NASDAQ-MTWO),
announced today the signing of two letters of intent relating to the proposed
construction of a 66 million pound-per-year melamine plant near Memphis,
Tennessee, using the Company's patented M-II technology.
One letter of intent was signed with a major U.S. corporation seeking a
long-term supply of melamine crystal for a variety of applications, most of
which represent new uses for melamine. The letter of intent contemplates a
contract covering a large portion of the proposed plant's output.
A second letter of intent was signed with Arcadian Corporation providing
a long-term customer for a portion of its Memphis-based urea production. That
letter of intent contemplates an agreement under which the Company would
receive all of the new plant's raw material requirements from a single source
on a cost-plus basis.
Fred Huber, president and chief executive officer, stated, "We have
explored a variety of options for expanding our operations through the
exploitation of our M-II technology, and we believe that the proposed plant in
Memphis presents an excellent, low-risk and timely opportunity for expansion
close to our home base in Donaldsonville. We are particularly pleased that
much of the output from this plant would be dedicated to new melamine
applications. We believe that this plant will enable Melamine Chemicals, Inc.
to fully demonstrate the efficiencies of the M-II technology and expand the
Company's ability to satisfy the growing melamine market. If our negotiations
proceed according to plan, we hope that definitive agreements will be available
for consideration by our respective Board of Directors by year-end."
Melamine Chemicals, Inc. is engaged in the production and marketing of
melamine, a specialty chemical having numerous industrial and commercial
applications. The Company is also active in the development of new melamine
process and application technology. The Company is one of only two producers
of melamine in North America and one of the three largest producers worldwide.
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
MELAMINE CHEMICALS, INC.
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Date: August 10, 1995 /s/ Wayne D. DeLeo
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Wayne D. DeLeo
Vice President & Chief Financial Officer