15 July 2013 14:45 [Source: ICIS news]
BUCHAREST (ICIS)--Romania’s largest fertilizer producer, Azomures, has shut down its units at Targu Mures for scheduled maintenance and upgrades, the company said on Monday.
The turnaround is expected to last until 15 August and will cost around €13m ($17m), it said.
“This is just a normal operation, required in view of improving the manufacturing equipment and technologies. During the shutdown, Azomures would cover deliveries to its customers from reserves,” said a company spokesperson.
In March, Azomures announced plans to invest around €200m by the end of this year to increase capacity and carry out maintenance at some of its units.
Azomures delivers around 400,000 tonnes/year 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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