India: Coromandel Plans a New SSP Plant

Fertilizer maker Coromandel International is setting up a green-field SSP in Punjab at a cost of over 21 million US dollars. The 800 tonne per day unit, including a 400 tonne per day granulator plant, is expected to be ready within two years. The company’s move to sharpen focus on the SSP segment comes on the back of spiralling phosphate fertilizer prices. World phosphate demand is forecasted to grow at an annual rate of 2.3 percent in the next five years period.

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