28 May 2012 06:57 [Source: ICIS news]
SINGAPORE (ICIS)--China XLX Fertilizer said on Monday it expects to more than double its urea capacity to about 2.58m tonnes/year by the end of 2016, from 1.25m tonnes/year currently, as it invests in new plants.
The company is investing around yuan (CNY) 2.7bn ($425m) to build a 400,000 tonne/year urea plant, a 150,000 tonne/year synthetic fertilizer plant and a 100,000 tonne/year melamine plant at Manasi in Xinjiang province, China XLX said in a filing to the ?xml:namespace>
Currently, the company’s site in
“The expansion in Xinjiang is based on abundant coal resources and competitive production costs,” it said in the statement.
($1 = CNY6.35)
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