Egypt’s Orascom’s fertilizer group sold 1.1 million tons of nitrogen-based fertilizers in the first quarter compared with 0.47 million tonnes a year earlier, the company said. Netback ammonia and calcium ammonium nitrate prices increased 22 percent and 38 percent respectively. Orascom’s expansion of a calcium ammonium nitrate line in the Netherlands is expected to be in full production during 2012, adding about 300,000 tons, or 25 percent, of additional capacity, according to the statement. Sofert Algeria, the Algerian unit, was 96.4 percent completed at the end of March, with commercial production due to start in the fourth quarter.
Egypt: Orascom geared for expansion
June 28, 2011 at 08:18 (Fertilizers)