APC, the Arab Potash Co., is producing 2.0 million tonnes of potash per year, and will increase production capacity to 2.45 million tonnes per year in 2011, through utilizing four plants: the Hot Leach Plant (HLP), the Cold Crystallization Plant (CCP I), the Industrial Potash Plant (IPP) and the New Cold Crystallization Plant (CCP II). APC is the sixth world producer and exporter of potash. In the 2010 they produced 1.9 million tonnes potash, of which 58.6% was of standard grade, 34.9% was fine, 4% granular, and 2.5% was industrial grade. More than 80% of their production is send to Aqaba port for export.
Potash production during the six months period ended June 30, 2011 was 1,138 thousand tonnes which was 36.5% higher than 834 thousand tonnes produced during the same period in 2010. Potash sales prices averaged US$ 390.8 per ton for the six months period ended June 30, 2011 compared to US$ 364.4 for the same period in the year 2010, an increase of 7.2%. The net income of the company for the six months period ended June 30, 2011, showed an 83% increase over the year-ago net income.
Last year the three largest APC customers were India’s IPL (25% of exports), India’s Zuari (14%) and China’s Sinochem (15%). India accounted for 40% of APC sales last year and China 15%.