Published: February 20, 2025
Cornerstone has operated in the AN market for several decades, during which time the Company has built a reputation for quality and manufacturing excellence. Despite significant efforts to adapt to an evolving marketplace, the AN Business’ financial challenges, exacerbated by oversupplied global markets for AN and increasing raw material costs, have led to the difficult but necessary decision to exit the business at this time.
“Making the decision to close our AN Business was incredibly difficult,” said Matthew Sokol, Cornerstone’s President and CEO. “We are immensely proud of our dedicated workforce and the strong relationships we’ve built with our customers, partners, and suppliers. Unfortunately, the changing dynamics in the industry have made it impossible to continue operations as we have in the past. As we assess opportunities at the Energy Park for 2025 and beyond, we will work diligently to reallocate and reassign our current workforce where possible.”
As part of the transition, Cornerstone will ensure that all legal and regulatory obligations are met, including the safe idling of its facilities, the protection of its employees, and the handling of customer and supplier relationships. The company will also work closely with its team to provide support and resources during this time.
Headquartered in Waggaman, Louisiana with approximately 400 employees, Cornerstone Chemical Company, LLC is an industry-leading manufacturer of high-quality intermediate chemicals, including acrylonitrile, melamine, sulfuric acid, urea, and other products used for a variety of end-market applications. For more information about Cornerstone, visit https://cornerstonechemco.com/ or read about Cornerstone’s involvement in the Greater New Orleans and Louisiana communities.