Grupa Azoty increases fertilizer production
Published by Jack Roscoe,
Editorial Assistant
World Fertilizer,
The Grupa Azoty Group has released estimated output figures for August, highlighting the third consecutive month of steady growth in nitrogen fertilizer production. In August, Group companies manufactured an estimated 251 000 t of nitrogen fertilizers, a substantial rise from 140 000 t in May. As regards compound fertilizers, in July the Group reported production of 47 000 t, with estimates for August at 54 000 t. This upward trend has been primarily driven by a marked improvement in demand, especially evident when compared to the demand patterns from the first half of 2023.
"As anticipated, we have witnessed a considerable rise in demand within the Agro segment during the third quarter, leading our Group companies to ramp up their fertilizer production.Yet, the Plastics and Chemicals segments face persistent challenges. The extensive influx into Europe of non-EU products, made from cheaper raw materials and manufactured under more lenient regulations, predominantly from Asian countries, remains a hurdle for our Group,” says Tomasz Hinc, President of the Management Board of Grupa Azoty S.A.
Read the article online at: https://www.worldfertilizer.com/nitrogen/15092023/grupa-azoty-increases-fertilizer-production/
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