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)
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections