Belgium: Tessenderlo Improves Feed Phosphates Results

Brussels based Tessenderlo Chemie NV, the world’s second-biggest maker of potash sulphate, announced that their feed phosphates sales increased in Q2 2011 in comparison to the same period last year. This was despite sales volumes falling, partly due to a period of force majeure in April and part of May when raw material deliveries were delayed but also due to technical issues which constrained production capacity during that period. In 2010 they were the world’s third-largest producer of animal-feed phosphates with a capacity of 0.8 million tpa.
In spite of a small decrease in sales volume, in the Q2 2011 the average DCP selling prices improved significantly in comparison to the low levels witnessed in the same period last year. This brought a improved phosphates EBITDA.
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