EuroChem Group AG purchase minority shareholder stake
EuroChem Group AG, a global fertilizer company, has announced the buy-back of a 10% stake in the Group from former Chief Executive Officer Dmitry Strezhnev.
Stay up to date with the latest news and updates from the fertilizer industry.
EuroChem Group AG, a global fertilizer company, has announced the buy-back of a 10% stake in the Group from former Chief Executive Officer Dmitry Strezhnev.
Perdaman Chemicals and Fertilisers has signed a licensing and engineering contract for Haldor Topsoe’s SynCOR Ammonia solution for its AUS$4 billion ammonia/urea plant in Karratha, Western Australia.
Itafos has reported its 2Q19 financial results and operational highlights. The financial statements and management’s discussion and analysis for the quarter ended 30 June 2019.
The company recorded total revenue for the six months ended 30 June of CAN$1.48 million.
The company has received letters of intent from KfW IPEX-Bank of Germany and Export Development Canada with regards to one of its small-scale production facilities in central Saskatchewan, Canada.
At 30 June 2019, Karnalyte Resources had cash of CAN$8.6 million, a positive working capital of CAN$8.7 million and no debt.
Encanto Potash Corp. is engaged in the development of potash properties in Saskatchewan, Canada.
Al-Nasr Fertilizers Co., and Benchmark Power International are to establish an ammonia production plant in the Suez Governorate.
Fritz Venter will also lead the project team managing the Milestone Potash Phase I project in Canada.
The company recorded a net income of US$5.6 million, or US$0.04 per share, in 2Q19.
Wet weather in the Midwest US negatively impacted the company's North American spring fertilizer sales volumes and phosphates margins.
The company intends to revisit the market when conditions have improved later this quarter.