EuroChem Group AG has acquired a minority interest (50%-1 share) in Hispalense de Liquidos, a family-owned producer of liquid NPK blends located in the south of Spain. The price and other terms of the deal have not been disclosed.
The deal allows EuroChem access to additional production capability and technical expertise.
Hispalense’s blending and storage unit is based in Seville with direct access to the city port. The facility has a production capacity of up to 1500 tpd and current production levels are approximately 50 000 tpy of various liquid blends based mainly on UAN, phosphoric acid, MAP, urea and potash. Hispalense has storage capacity for up to 21 000 t of liquid and solid raw materials. The company produces numerous customised formulas of fertilizer blends.
Dmitry Strezhnev, EuroChem CEO, commented: “The acquisition of a stake in Hispalense, a well-established player in the Spanish fertilizer market, reflects our intention to expand our premium product portfolio. This is an interesting growth area for us and we see it has some exciting potential. The additional technical expertise will enable us to produce a new variety of such fertilizers and further support our customers with their efforts in sustainable farming.”
Juan Romero, Chairman of Hispalense de Liquidos, added: “This is a win-win opportunity for us, giving us the ability to market some of EuroChem’s value-added fertilizers in Spain and to further promote our liquid fertilizer technology worldwide.”
Read the article online at: https://www.worldfertilizer.com/nitrogen/04072017/eurochem-acquires-stake-in-spanish-fertilizer-producer/