Turkey's Bagfas receives $18.3m ferts order from Gubre Fabrikalari

18 July 2013 15:42  [Source: ICIS news]

LONDON (ICIS)--Bagfas has received an $18.3m (€13.9m) order from fellow Turkish fertilizer company Gubre Fabrikalari, according to a statement posted on the Istanbul stock exchange by Bagfas on Thursday.

Deliveries of 50,000 tonnes of chemical fertilizers would be made to Gubre Fabrikalari, a fertilizer producer and trader, from this month through to September, it added.

Bagfas is currently constructing plants that will enable it to replace Turkey’s annual imports of around 300,000 tonnes of ammonium nitrate (AN) and calcium ammonium nitrate (CAN) fertilizers with its own products.

($1 = €0.76)

By: Will Conroy
+44 20 8652 3214

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