The scope of the transaction includes plants for CAN/AN fertilizers (calcium ammonium nitrate/ammonium nitrate), NPK fertilizers (nitrogen-phosphate-potassium) and nitrophosphoric acid as well as three related nitric acid plants. The activities were carved out into a separate company, now named EuroChem Antwerpen NV. About 330 employees have been transferred to the new company.
Dmitry Strezhnev, CEO of EuroChem, said: ⌠With the purchase of these facilities we are continuing our strategy to increase our share in the global fertilizer market both through organic growth and acquisitions. I am looking forward to working with the highly experienced team in Antwerp.
⌠EuroChem is a strategic partner who will support and further strengthen our Verbund concept of integration at our site in Antwerp. My thanks go to our former employees who have done excellent work over the past years, said Dr. Andreas Kreimeyer, member of the Board of Executive Directors of BASF SE and responsible for the Chemicals segment.