Layne Christensen Publishes Fiscal Year 2013 Sustainability Report
MISSION WOODS, Kan., June 24, 2013 (GLOBE NEWSWIRE) -- Layne Christensen
Company (Nasdaq:LAYN) ("Layne" or the "Company") today announced the
publication of its Fiscal Year 2013 sustainability report entitled, "Moving
Forward." The report is available at
Rene Robichaud, President and CEO of Layne, said, "The publication of our
third annual sustainability report reflects our commitment to transparency,
environmental stewardship and social responsibility."
Highlights of this year's report include:
*Sustainability - Layne's Sustainability Council became fully functional in
2012. Council members are appointed by Division presidents and meet
quarterly to discuss and implement sustainability strategies and action
*Safety – estimated improvement of 24% in fiscal year 2013 in "Lost Time
*Energy and Carbon Footprint – baseline energy data collected in fiscal
year 2013 will serve as basis for reducing energy and carbon footprint in
fiscal year 2014 and beyond.
*Water Footprint – continued voluntary response to the CDP Water Disclosure
Project for third consecutive year.
Layne Christensen Company
Layne is a global water management, construction and drilling company,
providing responsible solutions to the world of essential natural resources —
water, mineral and energy.We offer innovative, sustainable products and
services with an enduring commitment to safety, excellence, and integrity.
This press release may contain forward-looking statements within the meaning
of Section 27A of the Securities Act of 1933 and Section 21E of the Exchange
Act of 1934.Such statements may include, but are not limited to, statements
of plans and objectives, statements of future economic performance and
statements of assumptions underlying such statements, and statements of
management's intentions, hopes, beliefs, expectations or predictions of the
future.Forward-looking statements can often be identified by the use of
forward-looking terminology, such as "should," "intended," "continue,"
"believe," "may," "hope," "anticipate," "goal," "forecast," "plan," "estimate"
and similar words or phrases. Such statements are based on current
expectations and are subject to certain risks, uncertainties and assumptions,
including but not limited to:the outcome of the ongoing internal
investigation into, among other things, the legality, under the FCPA and local
laws, of certain payments to agents and other third parties interacting
withgovernment officials in certain countries in Africa relating to the
payment of taxes and the importing of equipment (including any government
enforcement action which could arise out of the matters under review or that
the matters under review may have resulted in a higher dollar amount of
payments or may have a greater financial or business impact than management
currently anticipates), prevailing prices for various commodities,
unanticipated slowdowns in the Company's major markets, the availability of
credit, the risks and uncertainties normally incident to the construction
industry, the impact of competition, the effectiveness of operational changes
expected to increase efficiency and productivity, worldwide economic and
political conditions and foreign currency fluctuations that may affect
worldwide results of operations. Should one or more of these risks or
uncertainties materialize, or should underlying assumptions prove incorrect,
actual results may vary materially and adversely from those anticipated,
estimated or projected.These forward-looking statements are made as of the
date of this filing, and the Company assumes no obligation to update such
forward-looking statements or to update the reasons why actual results could
differ materially from those anticipated in such forward-looking statements.
CONTACT: Layne Christensen Company
Corporate Sustainability Director
Director of Communications
The Equity Group Inc.
Sr. Vice President
Layne Christensen Company
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