Romanian fertilizer Azomures to invest €200m in capacity expansions

06 March 2013 14:24  [Source: ICIS news]

BUCHAREST (ICIS)--Romania’s largest fertilizer producer Azomures plans to invest around €200m (€260m) by the end of this year to expand the capacities and carry out maintenance at some of its units in Targu Mures, it said on Wednesday.

”On short term, our main aim is to rise fertilizers quantities delivered to Romanian market and in this regard plan to allot most of our €200m investment money for this year to increase capacities of some units,” said Mihai Anitei, Azomures general manager.

The investment will be used primarily to increase the capacities of the company's ammonium nitrate (AN) and calcium ammonium nitrate (CAN) units, as well as the capacity of its urea unit.

Anitei would not disclose any further details.

Currently, Azomures delivers around 400,000 tonnes of fertilizers, or around 30% of its production, to the Romanian market, with the rest being exported. It is 96.43% owned by Swiss grain and fertilizer trader Ameropa Holding.

Azomures' AN and CAN units can both produce about 300,000 tonnes/year. The company also produces urea, complex nitrogen phosphorous potassium (NPK) fertilizers and melamine.

($1 = €0.77)

By: Marian Chiriac
+44 20 8652 3214

AddThis Social Bookmark Button

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.

Printer Friendly