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.
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.
($1 = €0.77)
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