08 November 2013 17:17 [Source: ICIS news]
LONDON (ICIS)--Zaklady Chemiczne Police (ZChP) has agreed a three-year contract worth approximately zloty (Zl) 607.9m ($194.8m, €144.7m) to deliver fertilizers to trader Nitron International of the US, the Polish producer said on Friday.
With effect from 1 January 2013, the deal will see ZChP supply Nitron with its own multi-component fertilizers, and with ammonium nitrate and ammonium sulphate fertilizers sourced from ZChP's owner, Grupa Azoty, and sister company, Polish nitrogen fertilizer producer Zaklady Azotowe Pulawy (ZAP), it added.
The deal would help ZChP strengthen its presence in South American markets, the company said, noting that this is a key sales sphere for fertilizer trader Nitron.
Nitron, which sells fertilizers and agrochemicals throughout the Americas and also in Europe, is based in Greenwich, Connecticut.
It runs a fertilizer distribution network in Europe through subsidiary NICTrade B.V, with offices in Poland and Switzerland.
ZChP, based in Police in the far north west of Poland near the Baltic coast, also produces titanium dioxide (TiO2).
($1 = €0.74, $1 = Zl3.12 , €1 = Zl4.20)
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