New Jersey headquartered Innophos Holdings, Inc., the largest specialty phosphates producer in North America, has completed the expansion for the production of potassium phosphates at its Port Maitland, Ontario facility. These specialty products provide unique functionality for the meat and dairy industries and also have applications in industrial markets including water treatment and industrial cleaners.
At its Chicago Heights, IL facility, the Company announced plans for a 25% increase in tri-calcium phosphate capacity. This product is used throughout the food industry and has seen significant increase in demand particularly in the beverage and dairy segments. This expansion uses new process technology which achieves a significant improvement in throughput and a broader product range by optimizing existing production lines at Chicago Heights. The expansion is expected to be completed by mid year 2011.
Innophos net sales for 2010 were $714 million, a 7% increase over 2009 on 21% volume growth.