Hungary’s Nitrogenmuvek to build AN granulation plant - contractor

23 April 2014 16:42 Source:ICIS News

LONDON (ICIS)--Hungarian fertilizer firm Nitrogenmuvek plans to build a new ammonium nitrate (AN) granulation plant, a German engineering firm said on Wednesday.

The 1,550 tonne/day AN granulation plant southwest of Budapest is expected to start up in the autumn of 2016, according ThyssenKrupp Industrial Solution, which won a contract for the project's engineering and procurement work.

ThyssenKrupp spokesman Torben Beckmann told ICIS that the order was valued "in the lower double-digit euro million range." He would not disclose the precise value. An industry source estimated the value at around €30m.

Nitrogenmuvek has one AN plant in operation and a second under construction. The plants will produce the feedstock for the new granulation plant. ThyssenKrupp handled the engineering of those projects as well, Beckmann added.

By Stefan Baumgarten