EuroChem takes on US fertilizer assets from Trammo
Zug, Switzerland, October 08, 2018 – EuroChem Group AG (“EuroChem” or the “Group”), a leading global fertilizer company, announces the expansion of its North American distribution network via the assumption of dry and liquid fertilizer transport and storage assets from international merchandising and trading firm Trammo, Inc.
The move substantially expands EuroChem’s fertilizer storage capacity in the United States, and will enable the Group to strengthen its presence into Western Canada as well as on the East Coast. EuroChem now operates 25 warehouses in the US, with a current storage capacity of about 500,000 metric tonnes.
The US market accounted for about 11% of Group sales in 2017. EuroChem expanded its presence in the US in October 2015 with the acquisition of Ben-Trei, a fertilizer distribution business historically focused on sales within the country’s heartland.
“The agreement with Trammo will substantially increase our storage capacity, while also broadening our geographic reach,” said Charlie Bendana, EuroChem North America Managing Director. “It will support the ongoing expansion of our US business, allowing us to fulfil growing demand from local farmers for high-quality fertilizers.”
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.
For more information, please visit eurochem-corporate-qa1b64.azurewebsites.net or contact:
Head of Communications EuroChem Group AG
+44 (0) 20 3727 1000
Head of Public Relations MCC EuroChem
Head of Corporate Finance and Treasury EuroChem Group AG