K+S acquires fertilizer activities in China
Published by Angharad Lock,
Digital Assistant Editor
World Fertilizer,
“In line with our management agenda, we are bolstering our competitive position in the specialties area by means of this acquisition and can therefore better tap into the growth markets of South-East Asia,” said Norbert Steiner, Chairman of the Board of Executive Directors of K+S.
K+S is to acquire the activities of Huludao Magpower Fertilizers Co. Ltd. Huludao Magpower is a Chinese producer of magnesium sulphate fertilizers.
“In line with our management agenda, we are bolstering our competitive position in the specialties area by means of this acquisition and can therefore better tap into the growth markets of South-East Asia,” said Norbert Steiner, Chairman of the Board of Executive Directors of K+S Aktiengesellschaft and Board Member responsible, among others, for the Potash and Magnesium Products business unit. “We see great sales potential for magnesium sulphate products to the agricultural sectors in China and South-East Asia which we can’t service adequately from our German sites.”
K+S acquires a modern production site with an attractive cost structure in Huludao City in the northeast Chinese province of Liaoning. The site currently has a capacity of 90 000 t.
Read the article online at: https://www.worldfertilizer.com/materials-handling/24072016/ks-acquires-fertilizer-activities-in-china/
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