23 January 2013 22:50 [Source: ICIS news]
MEDELLIN, Colombia (ICIS)--Austin Powder has filed plans with Argentina’s Ministry of Industry to build an Argentine pesos (Ps) 612m ($123m, €92m) ammonium nitrate (AN) plant in El Galpon, in Argentina's north-eastern Salta province, the US-based industrial explosives company said on Wednesday.
Construction of the plant will begin in the second quarter of 2013, with operations due to start in 2015, the company said.
The plant’s initial production capacity of AN, a raw material used as a fertilizer and in the manufacture of explosives, will be 75,000 tonne/year.
The company said that the product will be sold in the local and external markets.
“The intention is to replace current AN imports from ?xml:namespace>
According to its website, Austin Powder has had a presence in
The company currently exports to
($1 = Ps4.96)
($1 = €0.75)
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