24 October 2012 14:23 [Source: ICIS news]
LONDON (ICIS)--Sasol Nitro has inaugurated a new limestone ammonium nitrate plant in Secunda, in the Mpumalanga region of South Africa, the company said on Wednesday.
Costing South African rand (R) 1bn ($114m, €88m), the facility has a production capacity of 400,000 tonnes/year, and will manufacture higher quality limestone ammonium nitrate fertilizer granules than the company has produced up to this point, according to Andre de Ruyter, senior group executive of Sasol’s global chemicals and North American operations.
He said: “Sasol's investment in this plant will ensure more high quality product is made available to meet growing industry demand and, importantly, supports the company’s continued investment in the South African agriculture industry.”
“A strong agricultural sector is critical in the delivery of government's broader developmental objectives,” he added.
The company increased its capital expenditure in Africa by 14% over the course of this financial year to R18.8bn. The company’s level of investment in Africa now represents 70% of its overall capital expenditure, the company said.
Sasol Nitro is a subsidiary of South African petrochemicals giant Sasol.
($1 = R8.76, €1 = 11.37)
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