UNITED STATES
SECURITIES AND
EXCHANGE COMMISSION
Washington, D.C. 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): December 8, 2008
TERRA INDUSTRIES
INC.
(Exact name of registrant as
specified in its charter)
| Maryland | 1-8520 | 52-1145429 | ||
| (State or other Jurisdiction of Incorporation) | (Commission File Number) | (IRS Employer Identification No.) |
| Terra Centre 600 Fourth Street, P.O. Box 6000 Sioux City, Iowa |
51102-6000 | |
| (Address of Principal Executive Offices) | (Zip Code) |
Registrant’s telephone number, including area code: (712) 277-1340
| (Former name or former address if changed since last report.) |
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
o Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
o Soliciting material pursuant
to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule
14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule
13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
ITEM 8.01 OTHER EVENTS
On December 8, 2008, Terra Industries Inc. (“Terra”) announced that on December 5, 2008, GrowHow UK Ltd., a joint venture in which Terra holds a 50% stake, idled ammonia production at its Billingham, UK facility. The temporary shutdown is intended to keep product inventory and working capital under control in light of lower industrial ammonia demand resulting from the global economic slowdown. GrowHow UK Ltd. will restart the 550,000 ton-per-year ammonia plant when market conditions warrant resuming production. A copy of the press release is filed herewith as Exhibit 99.1.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.
| (c) |
Exhibit
|
| 99.1 |
Press Release issued December 8, 2008,
announcing that GrowHow UK Ltd., idled ammonia production at its Billingham, UK
facility.
|
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
TERRA INDUSTRIES INC.
/s/ John W.
Huey
John
W. Huey
Vice President, General Counsel and
Corporate
Secretary
Date: December 10, 2008
EXHIBIT INDEX
| Exhibit No. |
Description
|
|
99.1 |
Press Release issued December 8, 2008, announcing that GrowHow UK Ltd., idled ammonia production at its Billingham, UK facility. |