Petrobras idles fertilizer plant

Published by Nicholas Woodroof, Editor
World Fertilizer, Wednesday, 15 January 2020 14:00

Reuters is reporting that Petrobras is to idle a fertilizer plant in the Brazilian state of Paraná because it has been consistently losing money since its acquisition in 2013.

Petrobras said it has been trying to sell the nitrogen fertilizer unit unsuccessfully for more than two years, adding it will fire its 396 employees as a result of the decision. In the 9 months ending in September 2019, Petrobras said the subsidiary had lost 250 million reais (US$60.4 million).

Read the article online at: https://www.worldfertilizer.com/nitrogen/15012020/petrobras-idles-fertilizer-plant/

Pivot Bio announces distribution partnership with MFA Inc.

Friday 24 January 2025 09:00

The initial effort focuses on engaging progressive corn farmers across Missouri and neighbouring states with the company's crop nutrition technology.

You might also like