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To: jmhollen who wrote (70)8/19/2003 9:57:14 AM
From: mtnres  Respond to of 216
 
USPL stock still holding steady after this tragedy:

'A ball of flame'
Blast at lumber plant kills a worker, injures another

Published August 19. 2003 8:30AM

JOE CALLAHAN
Senior Staff Writer

OCALA - One man was killed and a co-worker injured Monday morning when a wood dryer exploded at U.S. Plastic Lumber on Northeast 25th Avenue, shooting a ball of flame and smoke into the sky.

The 8:30 a.m. explosion killed Scott Stokes, 34, of Ocala, and injured Michael Day, 26, who was taken to Munroe Regional Medical Center, where he spent the day undergoing tests before being released, his fiancee said.

The State Fire Marshal's Office, Ocala Police Department, Ocala Fire-Rescue and U.S. Plastic Lumber, also known as USPL, launched separate investigations into the explosion on Monday.

The federal Occupational Safety & Health Administration will also investigate.

''This is the first time something like this has happened since I've been working with the company. It's so terrible,'' said USPL President Mark Alsentzer, who has been with the Chicago-based company for six years.

Alsentzer said a human resource specialist will arrive today to help employees cope with Stokes' death. Also, a company investigator will begin looking into the accident.

''We must find out what happened so we know how to proceed,'' he said.

U.S. Plastic Lumber makes a wood fiber product commonly known as plastic lumber. The device that caught fire was actually drying and grinding wood normally mixed with a plastic material to make all types of construction lumber, primarily decking.

The fire and subsequent explosion occurred in a 40-foot-long cylindrical grinder/dryer, which is fed pieces of hard wood from a hopper. The grinder/dryer is about 10 feet in diameter and spins like a clothes dryer.

Alsentzer said he believes wood ignited in the dryer and the pressure caused the explosion, which forced a large metal duct to blast loose. Investigators looked at the twisted pipe after the explosion while firefighters attempted to put out a fire in the hopper.

''I don't know for sure, but I suspect the pipe may have struck (Stokes) after the explosion,'' Alsentzer said at the scene. ''It's too early to tell what happened, but we intend to find out."

Immediately after the explosion, which rattled windows up to seven blocks away, Ocala Police Department officers blocked off Northeast 25th Avenue briefly while Ocala Fire-Rescue officials investigated the potential of chemical releases and more explosions.

''We did not have to evacuate the area because it was contained to the facility,'' said Ocala Fire-Rescue's spokesman Capt. Wendell Rora.

When firefighters arrived they found flames shooting from the dryer.

''When we got here, one of the employees was brought out of the smoke to us, and we evaluated him,'' said Ocala Fire-Rescue paramedic/firefighter Preston Bowlin. He said other firefighters began putting water on the burning dryer.

Day, who initially refused treatment, was about 30 feet from the dryer when it exploded.

Danielle Bork, Day's fiancee, said she was in contact with him via cell phone on Monday. Day was released Monday afternoon and then spent several hours filling out paperwork and talking to investigators about the explosion.

''He's doing fine,'' she said.

A co-worker said Stokes was a Desert Storm veteran.

Authorities said Stokes, who was pronounced dead about an hour after he was rushed to Munroe Regional Medical Center, was very close to the dryer when it exploded.

''He was lying about 10 feet from where the explosion occurred,'' said Cmdr. Chris Bradford with the Munroe Regional Medical Center ambulance service. ''He was rushed to Munroe."

City employees working in a building on Northeast 30th Avenue felt the vibration from the explosion, and one saw a ball of flame shoot into the sky. The fire ball quickly disappeared and thick black smoke began rising over the facility, which sits on a 37-acres site.

The large machinery is under a 30-foot-high roof that is open underneath — similar to a carport. As soon as the fire began, it triggered the sprinkler system, which ran for more than hour, until Ocala Fire-Rescue Capt. Dennis Lawson turned it off the system.

Lawson said officials squirted a chemical called F-500 into the hopper to stop the wood from smoldering. Just a few years ago, a large silo of wood chips caught fire at USPL, and that took firefighters about 18 hours to extinguish.

''We hope F-500 will keep us from having to monitor the fire all night,'' said Lawson, adding that the chemical seeps through the gaps of the wood chips and smothers the fire.

Meanwhile, the Ocala Police Department's major crimes unit is also working the case. Officials said it appears to be an accident, but all investigative avenues must be followed before declaring the case accidental.



To: jmhollen who wrote (70)8/19/2003 4:19:43 PM
From: mtnres  Read Replies (1) | Respond to of 216
 
Well, the stock held up all day then they put this out 10 minutes to closing. If anything, it will be another buying opportunity and certainly not the doom the nays will spout:

U.S. Plastic Lumber Corp. Announces Temporary Plant Closing Due to Explosion at Its Ocala Facility

BOCA RATON, Fla.--(BUSINESS WIRE)--Aug. 19, 2003--U.S. Plastic Lumber Corp. (OTCBB:USPL) today announced its Ocala Plant has been shut down temporarily due to an explosion yesterday that resulted in one fatal accident. All employees were immediately evacuated from the facility and were notified not to report to work during the emergency closing. The accident occurred in an outdoor recycled wood drying area. As a result of the accident, an employee was fatally injured while working near the outdoor wood dryer system, where an apparent gas explosion took place during the start-up of the unit.

Recycled wood is used solely in the Company's composite decking products, which was the area effected by the incident. All other product lines manufactured at the Ocala plant sustained no damage.

Mark Alsentzer, Chairman, CEO and President of USPL stated, "We are deeply saddened by the fatality caused by this accident. The safety of our employees is of the utmost importance to both the company and myself. We are actively investigating the cause of the accident and will take the necessary steps to ensure the safety of our employees."

The Ocala plant manufactures composite decking products made from recycled wood and recycled plastic resin. The Company anticipates the plant will be closed for a short period, approximately one to two weeks, while it completes an investigation into the accident and its causes and commences repairs in order to resume production.

U.S. Plastic Lumber Corp. is engaged in the manufacture of plastic lumber, returnable packaging and other value added products from recycled plastic. U.S. Plastic Lumber is the nation's largest producer of 100% HDPE recycled plastic lumber. Headquartered in Boca Raton, Florida, USPL is a highly integrated, nationwide processor of a wide range of products made from recycled plastic feedstocks. USPL creates high quality, competitive building materials, furnishings, and industrial supplies by processing plastic waste streams into purified, consistent products. USPL's products are environmentally responsible and are both aesthetically pleasing and maintenance friendly. They include such brand names as Carefree Xteriors(R), RecycleDesign(TM), Trimax(R), Earth Care(TM), and OEM products including Cyclewood(R). USPL currently operates three plastic manufacturing centers.

Certain statements and information included in this press release constitute ``forward-looking statements'' within the meaning of the Federal Private Securities Litigation Reform Act of 1995. When used in this press release, the words or phrases "will likely result", "are expected to", "will continue", "is anticipated", "estimate", "projected", "intends to" or similar expressions are intended to identify "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements are subject to certain risks, known and unknown, and uncertainties, including but not limited to risks associated with the Company's credit facilities and liquidity, the ability to obtain adequate financing on commercially acceptable terms, economic conditions, demand for products and services of the Company, newly developing technologies, the Company's ability to compete, regulatory matters, protection of the Company's proprietary technology, the effects of competition from entities with greater financial resources than that possessed by the Company and shareholder dilution. Such factors could materially adversely affect the Company's financial performance and could cause the Company's actual results for future periods to differ materially from any opinions or statements expressed within this press release. Additional discussion of such factors that could cause actual results to differ materially from management's projections, forecasts, estimates and expectations is contained in the Company's SEC filings.

CONTACT: U.S. Plastic Lumber Corp., Boca Raton
Mark S. Alsentzer or Michael D. Schmidt, 561/394-3511
or
KCSA Worldwide, New York
Evan Smith or Erica Pettit
212/896-1251 or 212/896-1248