Skip to main content

EuroChem expands further in Brazil

Published by
World Fertilizer,


EuroChem Group AG has announced the opening of a new blending plant in Brazil as part of the continued expansion of Fertilizantes Tocantins (FTO).

EuroChem acquired a controlling interest (50%+1 share) in FTO in 2016 in order to strengthen its presence in the fast-growing Latin American fertilizer market.

The new blending plant, FTO’s fifth to date, is located in Sinop in the commercially-important northern region of Mato Grosso. The plant represents an investment of BRL 62.4 million (US$17 million) and is expected to produce 300 000 t of fertilizer by the end of 2018, which will represent about 15% of Tocantins’ total sales by volume.

“Mato Grosso is an important agricultural market, and by expanding our presence we will be better placed to serve customers there,” said José Eduardo Motta, CEO of FTO. “The plant will support the further expansion of agricultural activities in the region and enable us to meet the growing needs of farmers. We have already sold 200 000 t of fertilizer to be delivered by this new unit during the coming months.”

Construction of the 20 000 m2 plant created 400 new jobs, and the facility now employs 70 full-time workers.

Two further blending plants are planned for later this year, one in Catalão in the state of Goiás, which is due to open in July, and a second in Araguari, in the state of Minas Gerais. Founded in 2003, FTO is already one of the largest fertilizer companies in Brazil, with a strong presence in the North, Northeast and Mid-West parts of the country.

“The investment in new FTO plants is part of our strategy to expand in Latin America,” said Dmitry Strashnov, COO of EuroChem. “The opening marks a crucial step on the path to realising our business development goals in this important growth market.”

Read the article online at: https://www.worldfertilizer.com/project-news/29052018/eurochem-expands-further-in-brazil/

You might also like

 Stamicarbon

[WEBINAR] Stami Digital: Optimising the future of plant operations with digital insights

Stamicarbon, the innovation and licensing company of Maire Tecnimont Group, is committed to a sustainable fertilizer industry, by investing amongst others in innovative digital solutions that turn real-time plant data into meaningful information by using Stamicarbon’s know-how to enhance insights and control and drive continuous optimisation. This webinar will cover the Stami-Digital Operator Training Simulator, the Stami-Digital Process Monitor and the Stami-Digital Optimizer.

Register for your free space today »

 

Yara Asia wins sustainability award

Yara Asia has been awarded the ‘Sustainability Award 2020’ in the sustainable food and nutrition category by EuroCham, the European Chamber of Commerce in Singapore.

 
 

Embed article link: (copy the HTML code below):


 

This article has been tagged under the following:

Fertilizer project news