Yara with permanent NPK closure in Peremarton, Hungary
Yara International ASA will permanently close its NPK plant in Peremarton, Hungary.
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.
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