EuroChem opens new $16m fertilizer plant in Lithuania
Kėdainiai, Lithuania, October 12, 2018 – EuroChem Group AG (“EuroChem” or the “Group”), a leading global fertilizer producer, announces the formal opening of a new production plant for highly efficient, water-soluble fertilizers at its Lifosa subsidiary in Lithuania.
The €14 million ($16 million) facility will produce 25,000 metric tonnes of crystalline urea phosphate per year, adding to the range of high-quality fertilizers currently manufactured at Lifosa. These include Diammonium Phosphate (DAP), a nitrogen-phosphorus fertilizer, and water-soluble crystal Monoammonium Phosphate (MAP).
Crystalline urea phosphate is a soluble, chlorine-free fertilizer that contains no heavy metals and is suitable for use on various soils. As it is soluble in water it can easily be applied by a sprinkler and provides plants with the necessary nitrogen and phosphorous nutrients needed for growth.
“This new facility will further strengthen Lifosa’s position in the global fertilizer market,” said Jonas Dastikas, General Manager of AB Lifosa. “At the same time, the construction of the plant is an investment in the sustainable development of the company. We constantly aim to protect our environment by rationing the use of natural resources.”
Test production of crystalline urea phosphate began in September, and the plant will ramp up to full production by the end of the year.
More details can be found at the Lifosa website.
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 Corporate Finance and Treasury EuroChem Group AG
Head of Communications EuroChem Group AG
+44 (0) 20 3727 1000
Head of Public Relations MCC EuroChem