Add to favorite
 
Subscribe to our Newsletters Subscribe to our Newsletters Get Daily Updates RSS

Russian Largest Fertilizer Producer is to Buy Plants in France and Belgium
28.09.2011 16:27
Russian Largest Fertilizer Producer is to Buy Plants in France and Belgium

Russian agrochemical holding EuroChim, owned by Andrey Melnichenko, intends to acquire BASF’s fertilizer assets located in Belgium and France.

      
 

      
OJSC “Mineral and Chemical Company “EuroChem” announced its intent to acquire 100% of BASF’s fertilizer assets located in Antwerp, Belgium. EuroChem also intents to acquire BASF’s 50% stake in the PEC-Rhin Joint Venture in Ottmarsheim, France (“PEC-Rhin”). PEC-Rhin is a joint venture between BASF and France’s GPN, a Total SA subsidiary. The total value of the transaction is estimated about EUR 700 million.

      
The assets, which have a combined annual production capacity of approximately 2.5 million metric tonnes of fertilizer, include CAN / AN (calcium ammonium nitrate / ammonium nitrate), Nitrophoska® fertilizers, nitrophosphoric acid, and three nitric acid plants in Antwerp and CAN / AN fertilizers, and ammonia and nitric acid facilities at PEC-Rhin.

      
“The acquisition of BASF’s fertilizer complex in Antwerp is a major milestone in EuroChem’s growth strategy to enhance its exposure to the European market. These high-quality assets will provide us with added-value production coupled with strategic logistics positioning. The same would be true for the 50% share of PEC-Rhin,” commented  Dmitry Strezhnev, EuroChem CEO.

      
EuroChim is the largest fertilizer producer in Russia. In 2010 the company sold out 8.1 mln tons of fertilizer.

      

www.lenta.ru


Author: Irina Fomina

Tags: Russia Russian business Russian companies   

Next Previous


You might also find interesting:

Sberbank Launched a New Mortgage Campaign
05.08.2016
Banks May Reduce the Number Of Branches Twofold Within a Decade
15.11.2016
A New Lending Product For Developers Was Launched
23.02.2017
Transactions On the Foreign Exchange Market Will Not Affect the Achievement of the Target Indicators Of Inflation
30.01.2017
Sollers Industrial Group Will Resume the Assembly Of Ssang Yong Cars In Russia
15.09.2016



comments powered by Disqus




Comment on our site


RSS   twitter   facebook   submit

Bookmark and Share

Russian Parliament in Action

search on the map
TAGS:
Russian gas  Transportation  Russian business  migration in Russia  Russian Cinema  Marina Kaverzina  Photography  Vologda  Russian tourism  Mercedes-Benz Fashion Week Russia  Vasily Zhukovsky  Caricatures  Megacities  Irkutsk Region  Russian political parties  Russian universities  Donbass  Russian International  suburban trains  Yury Vizbor  Russian winter sports  Olympics 2012  Elmira Abrazakova  Sverdlovsk region  profit  deer monument  Russian laws  Exhibitions in Moscow  Archeology  Russian painters  crisis  Moscow  Governors of Russia  Tretyakov Gallery  Gagarin  accident  Mikhail Kutuzov Cruiser   Lyudmila Alekseyeva  Dmitriy Nalbandyan  Kerry Ellis  Cinderella Musical  Russian Literature  Tragedy  Russian history  Graphic Art  Concerts in Moscow  Lyubov Orlova  Korol i Shut  Melihovo  Painting 


Travel Blogs
Top Traveling Sites