EuroChem opens second new fertilizer plant in Brazil
Zug, Switzerland, June 29, 2018 – EuroChem Group AG (“EuroChem” or the “Group”), a leading global fertilizer company, announces the opening of its second new fertilizer blending plant in Brazil this year.
The latest opening is part of the ongoing expansion of EuroChem’s subsidiary Fertilizantes Tocantins (“FTO”), a major fertilizer distribution business in Brazil.
The new blending plant is strategically located in the city of Catalão in Goias State, part of the Brazilian Midwest, a region that accounts for about 3.2 million tonnes of fertilizer per year.
“Catalão has long figured in our expansion plans, and from here we can serve customers in this important agricultural region,” said FTO’s CEO, José Eduardo Motta.
The Catalão plant is one of the largest in Goias State, with a static storage capacity of 80,000 tonnes, 60 full-time workers and a production capability of 60,000 tonnes of fertilizer per month. It will produce a range of standard fertilizers and supply some specialty NPK fertilizers produced by EuroChem in Europe.
The opening of the Catalão plant comes weeks after a new blending plant at Sinop began operations in the commercially important northern region of Mato Grosso. In addition to Catalão and Sinop, FTO has six other plants across the country and sold more than 1.2 MMT of fertilizers in 2017, making it one of the biggest fertilizer providers in Brazil. Its other plants are located in Porto Nacional, São Luis, Querência, Rondonópolis, Barcarena, and Anápolis, with a corporate office in Goiânia.
“Our new plant at Catalão is further evidence of our determination to continue expanding in Latin America, and especially in Brazil,” said Dmitry Strashnov, CEO of EuroChem. “We see significant opportunities for us in this important growth market.”
The Group acquired a controlling interest (50%+1 share) in FTO in 2016 as part of its strategy to strengthen its presence in the fast-growing Latin American fertilizer market.
About EuroChem Group AG
EuroChem is a leading global producer of nitrogen, phosphate and potash fertilizers, as well as certain industrial and mining products. The Group is vertically integrated with activities spanning mining to fertilizer production, logistics, and distribution. EuroChem began potash production at its Usolskiy mine in early 2018, and continues to develop a second greenfield site at VolgaKaliy in Russia. Headquartered in Zug, Switzerland, the Group operates production facilities in Europe, Asia and the CIS, employing more than 26,000 people.
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