29 March 2012 11:22 [Source: ICIS news]
BUCHAREST (ICIS)--Swiss grain and fertilizer trader Ameropa Holding plans to invest $200m (€150m) in the next four years to refurbish Azomures' fertilizer units in Targu Mures, Romania, the company said on Thursday.
“We are already in advanced discussions with different equipment producers but more details will be offered in the coming two months," said Ameropa.
Azomures is Romania's largest fertilizer producer and has AN and calcium ammonium nitrate (CAN) units that each produce about 300,000 tonnes/year.
Pelican Fertilizers is a subsidiary wholly owned by Ameropa and incorporated under the laws of Switzerland. Ameropa is a grain trader in Romania through its cereal storage company.
($1 = €0.75)
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