IMC Global announces indefinite shutdown of remaining phosphate production
Looking for a better balance between supply and demand
IMC Global Inc. announced today that its IMC Phosphates Company will indefinitely shut down all phosphate fertilizer production at its Louisiana facilities by the beginning of June to better balance supply with demand as the U.S. spring crop planting season draws to a close.
Affected facilities include the Uncle Sam phosphoric acid plant, with an annual capacity of about 950,000 short tons, the Faustina diammonium phosphate (DAP) and monoammonium phosphate (MAP) granulation plant currently running at a partial annualized rate of about 1.9 million short tons, and the Faustina ammonia plant with an annual capacity of 560,000 short tons. A remaining Louisiana facility, Taft, has been idled since the summer of 1999. IMC Phosphates' Florida facilities are unaffected.
IMC Phosphates Company has an annual capacity of nearly 8 million short tons of concentrated phosphates produced from about 4 million short tons of annual phosphoric acid capacity in Florida and Louisiana, which represents 10 percent and 30 percent of global and U.S. phosphoric acid capacity, respectively.
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