Uzbekistan’s Maxam-Chirchik to build ammonium nitrate plant

19 October 2010 11:59  [Source: ICIS news]

MOSCOW (ICIS)--Maxam-Chirchik plans to build a new 60,000 tonne/year ammonium nitrate (AN) plant next year, the company said in a statement released on Tuesday.

The project would come at a cost of $15.4m (€10.9m), Maxam-Chirchik said.

Maxam-Chirchik also announced a tender to modernise its nitric acid production unit at an estimated cost of $4m.

Last month, Maxam-Chirchik indicated plans to increase its urea capacity by up to 270,000 tonnes/year by December 2011, up from the current 170,000 tonnes/year, at an estimated cost of $14m.

Maxam-Chirchik, formerly known as Elektrkimesanoat, is based in Chirchik, near the Uzbek capital Tashkent.

Uzbekistan’s state-run chemical holding company, Uzkimesanoat, still retains a controlling stake in Maxam-Chirchik.

($1 = €0.71)

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By: Sergei Blagov
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