Argentinean president inaugurates Profertil's new dock, warehouse

05 June 2013 14:53  [Source: ICIS news]

LONDON (ICIS)--Argentinian fertilizer producer Profertil was operating its new dock, warehouse and processing unit in Sante Fe province on Wednesday – less than 24 hours after the facilities were inaugurated by the country's president, Cristina Kirchner.

The huge pesos (Ps) 273m ($52m, €40m) facility – capable of handling cargoes of up to 47,000 tonnes – was due to begin operations in November 2012, but bad weather delayed the completion of the final stage of the construction process at the Puerto General San Martin site by several months.

Red tape related to permits and licences further delayed the start of operations, following the completion of the 18-month project in early 2013.

The facility sits on the banks of the Parana River and will improve Profertil's handling capabilities through the arrival and departure of up to 50 large vessels a year.

During a ceremony that was televised live on Tuesday, President Kirchner said the expanded plant will lower the nitrogen fertilizer producer's transport costs and help it grow market share.

Based in Bahia Blanca in Buenos Aires province, Profertil is a leading producer of urea and ammonia and is partly-owned by Canadian fertilizer giant Agrium.

($1 = Ps 5.28) ($1 = €0.76)

By: Richard Ewing
+44 208 652 3214

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