Lithuania: Plans for food-grade phosacid production

EuroChem Group 100% owned company Lifosa plans to invest approximately 75 million euros in the production of food-grade phosphoric acid.

The Kedainiai headquartered company was founded in 1963 and deals with the production and wholesale of nitrogen-phosphorus fertilizers, feed phosphates, and aluminum fluoride.

Lifosa netted a profit of 61.617 million euros last year, up by 35.2% from 45.579 million euros in 2014. Its sales revenue rose by an annual 18.3% to 412.687 million euros.

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