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Thursday, 6 July 2017

EuroChem acquires minority stake in Spanish fertiliser company




ZUG, SWITZERLAND: EuroChem Group AG has acquired a minority interest (50%-1 share) in Hispalense de Liquidos, a family-owned producer of liquid nitrogen, phosphorus, and potassium (NPK) blends in Spain.
The deal gives EuroChem access to additional production capability and technical know-how, which will enable the group to expand the scope of its premium product offering.
Hispalense’s blending and storage unit are based in Seville with direct access to the city port. The facility has a production capacity of up to 1.5kt per day and current production levels are approximately 50kt/year of various liquid blends based mainly on UAN, phosphoric acid, MAP, urea and potash.

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