Lakeland Industries Participates In Gulf Oil Spill Relief Efforts
Lakeland Industries, Inc. (NASDAQ: LAKE), a leading manufacturer of industrial protective clothing for industry, municipalities, healthcare and to first responders on the federal, state and local levels, announced today its participation in the clean up efforts pertaining to the oil spill in the Gulf of Mexico caused by the April 20, 2010 explosion of a drilling rig leased by BP Plc. The clean up involves a multitude of oil drilling industry participants, government agencies and relief organizations to contain and clean up the oil spill and the damage it has caused throughout the region. For Lakeland’s part, the Company has donated a supply of polyethylene coated polypropylene coveralls to the State of Alabama.
In an article from May 24, 2010, The New York Times reported that “using conservative government and BP estimates, more than seven million gallons of oil have been released from the crippled well, nearing the size of the spill from the Exxon Valdez in 1989.” More than a month after the drilling rig blew up, Louisiana Governor Bobby Jindal believes that 70 miles of his state’s coast has been hit by oil. Officials are currently evaluating the effects the oil could have on coastline and sensitive habitats in Louisiana, Mississippi, Alabama and Florida, all of which abut the Gulf of Mexico, as well as the neighboring country of Mexico.
“Lakeland Industries is pleased to contribute to the clean up efforts in the Gulf of Mexico,” said Lakeland President and Chief Executive Officer Christopher J. Ryan. “In times of natural disaster, there typically is large and urgent need for the environmental, protective and safety apparel which we manufacture and distribute globally. In addition to our donation of garments to the State of Alabama, where Lakeland has a significant presence, we have increased production of these types of products at our facilities around the world to meet the substantial increase in demand from BP and many other customers.”
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV