THE WOODLANDS, Texas, Jan. 26, 2005 (PRIMEZONE) -- TETRA Technologies, Inc. ("TETRA" or the "Company") (NYSE:TTI) today announced a price increase for liquid calcium chloride. The Company is experiencing significant increased demand due to supply disruptions on the West Coast and the closing of a competitor's major production facility in Canada. The price increase of up to $50 per "dry short ton" (depending on market and geography) will be effective March 1, 2005, or as contract allows. This increase is necessary to cover higher raw material, operating, energy and transportation costs as TETRA increases production across its system of plants. TETRA is committed to doing whatever is necessary to keep product moving to meet the increased demand.
TETRA is the largest supplier of liquid calcium chloride in North America, with 25 strategically located terminals and production facilities.
TETRA is an oil and gas services company, including an integrated calcium chloride and brominated products manufacturing operation that supplies feedstocks to energy markets, as well as other markets.
This press release includes certain statements that are deemed to be forward-looking statements. These statements are based on certain assumptions and analyses made by the Company in light of its experience and its perception of historical trends, current conditions, expected future developments and other factors it believes are appropriate in the circumstances. Such statements are subject to a number of risks and uncertainties, many of which are beyond the control of the Company. Investors are cautioned that any such statements are not guarantees of future performances and that actual results or developments may differ materially from those projected in the forward-looking statements. Some of the factors that could affect actual results are described in the section titled "Certain Business Risks" contained in the Company's Annual Report on Form 10-K for the year ended December 31, 2003.