Yara with permanent NPK closure in Peremarton, Hungary
May 28, 2009
The Peremarton plant has an annual production capacity of 150,000 tons NPK. The production has been temporarily stopped since early October 2008. The plant became part of Yara with the acquisition of Kemira GrowHow in 2007, producing NPK fertilizer based on purchased nutrients. The plant lacks access to competitively priced raw materials and would need significant investments to bring it up to Yara efficiency and quality standards. The plant is neither flexible enough to accommodate the new market requirements regarding nitrogen, phosphate and potash combinations. The plant has 110 employees.
Yara will continue to fulfill customer contracts from built-up stock and alternative product sourcing, demonstrating Yara's flexible business model.
Torgeir Kvidal, Investor Relations
Telephone (+47) 24 15 72 95
Cellular (+47) 91 339 832
Bente Slaatten, Media Relations
Cellular (+47) 91 60 62 15
Yara International ASA is the world's leading chemical company that converts energy, natural minerals and nitrogen from the air into essential products for farmers and industrial customers. As the number one global supplier of mineral fertilizers, we help provide food for a growing world population. Our industrial product portfolio includes environmental protection agents that prevent air pollution. Yara's global workforce of 8000 employees represents the great diversity and knowledge that enables Yara to remain a leading performer in the industry.www.yara.com