Bloomberg states that Ameropa found fertilizer production "harder than expected".
Bloomberg continues that "while the company doesn't plan to exit the space, it won't expand or look for other production assets." It continues "like many of its rivals, it has seen industry margins shrink".
Read the article online at: https://www.worldfertilizer.com/special-reports/16012019/ameropa-not-planning-on-expanding-fertilizer-business/
Sequoia and the Commonwealth Bank of Australia will invest US$39 million and US$25 million respectively into the facility, complimenting existing investments led and arranged by Taurus Mining Finance Fund No. 2 L.P (Taurus) and the Australian Government’s Clean Energy Finance Corp. (CEFC).