EuroChem, Migao launch Chinese fertilizer venture
12/2/2013 12:00:00 AM
Russia-based mineral fertilizer company EuroChem and China-based specialty potash fertilizer producer Migao have formed a new joint venture in China named EuroChem Migao, the companies said on Monday.
The joint venture will produce up to 60,000 tpy of potassium nitrate (NK) and up to 200,000 tpy of chloride-free complex fertilizers (NPK) in Yunnan, a province in southern China.
EuroChem and Migao will each own 50% of the Hong Kong-based joint venture.
Within the framework of the EuroChem Migao joint venture, a fertilizer production facility is currently being constructed in Luliang, Yunnan.
A first 100,000 tpy NPK production unit is expected to be launched as early as December 2013, with a 60,000 tpy NK production unit and a second 100,000 tpy NPK line expected to follow in 2014.
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