Comment Business & Economics
Eurochem to establish JV in China
By Gerald Ondrey |
EuroChem (Moscow, Russia; www.eurochem.ru), Russia’s largest mineral fertilizer producer and a top ten agrochemical company globally, today announces plans to create a joint venture (JV) with Migao Corp., a China-based specialty potash fertilizer producer, in Yunnan, a province in southern China. It is expected that the new JV will produce up to 60,000 metric tons (m.t.) of potassium nitrate and up to 200,000 m.t. of chloride-free NPK fertilizers per annum. EuroChem and Migao Corporation plan to begin the construction of a plant in 2013 and launch production in 2014.
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