22 January 2013 14:46 [Source: ICIS news]
LONDON (ICIS)--Zaklady Chemiczne Police (ZChP) has agreed a contract worth approximately zloty (Zl) 37m ($11.8m, €8.9m) to supply multi-component fertilizers to the Nitron Group of the US, the Polish company said on Tuesday.
The agreement was the largest of contracts worth an overall Zl 116m which ZChP has concluded with the Nitron Group in the past 12 months, ZChP added.
ZChP, based in Police in the far north west of Poland near the Baltic coast, is a subsidiary of the largest chemical group in Poland, state-controlled Zaklady Azoty Tarnow (ZAT).
Nitron Group, a fertilizer trader based in Greenwich, Connecticut, runs a fertilizer distribution network in Europe through its subsidiary NICTrade B.V.
Both ZChP and ZAT are set to become members of Grupa Azoty, a Poland-based group being created by ZAT which will be Europe's second largest fertilizer producer.
Both companies already use the name for marketing purposes even though its creation has not yet been fully formalised.
($1 = €0.75, $1 = Zl 3.13, €1 = Zl 4.17)
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