Yara expands capacity in Köping, Sweden
(Thomson Reuters ONE) -
Oslo, 5 December 2014: The Board of Yara International ASA has approved an
investment of SEK 1,747 million (USD 220 million) to sustain and increase
technical ammonium nitrate (TAN) capacity in the Köping site in Sweden.
The investment includes the construction of a new nitric acid plant replacing an
existing plant which is approaching the end of its operating life. The total TAN
capacity after the upgrade will reach about 450 kt per annum.
"With this investment, Yara further strengthens its position as the largest
independent supplier of high quality TAN globally. After the expansion, Köping
will be well positioned to efficiently supply growing demand in Nordic markets
as well as continuing to supply global markets," says Torgeir Kvidal, President
and Chief Executive Officer of Yara International ASA.
The new plant will be based on state-of-the-art technology, improving energy
efficiency and further reducing greenhouse gas emissions in the Köping plant.
Construction will start in 2015, with completion expected in second half 2017.
Contact
Anders Lerstad, Investor Relations
Telephone: (+47) 24 15 72 95
Cellular: (+47) 93 42 69 54
E-mail: anders.lerstad(at)yara.com
Esben Tuman, Corporate Communications
Telephone: (+47) 24 15 70 26
Cellular: (+47) 90 50 84 00
E-mail: esben.tuman(at)yara.com
Yara delivers solutions for sustainable agriculture and the environment. Our
fertilizers and crop nutrition programs help produce the food required for the
growing world population. Our industrial products and solutions reduce
emissions, improve air quality and support safe and efficient operations.
Founded in Norway in 1905, Yara has a worldwide presence with sales to 150
countries. Safety is always our top priority.
www.yara.com
This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Yara International ASA via GlobeNewswire
[HUG#1877382]
Unternehmensinformation / Kurzprofil:
Datum: 05.12.2014 - 08:01 Uhr
Sprache: Deutsch
News-ID 357500
Anzahl Zeichen: 2663
contact information:
Town:
Oslo
Kategorie:
Business News
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