Recently, the Egyptian fertilizer construction company (OCI) and the Italian construction company Maire Tecnimont signed a memorandum of understanding, the two sides will jointly develop the fertilizer industry in sub-Saharan Africa.
Obviously, OCI is striving to expand its business in fertilizers. Another rumors said recently that OCI may have approached BASF and hope to acquire BASF's nitrogen fertilizer plant in Antwerp, Belgium, in order to hold a 50% stake in France's PECRhin. In early March, BASF announced plans to sell 50% of the shares of the Antwerp nitrogen fertilizer plant and PEChin in the first quarter of 2012. It is understood that the annual production capacity of BASF fertilizers is close to 2.5 million tons. Antwerp mainly produces calcium ammonium nitrate and ammonium nitrate as well as intermediates, ammonia and nitric acid. Industry insiders expect that if the acquisition of BASF nitrogen fertilizer is successful, OCI's fertilizer production capacity will be further expanded and technology and production will be fully integrated. Both parties have not issued any comments on this matter.
It is also known that the German potash company (K+S) is interested in BASF nitrogen fertilizer. Since the company is a direct distributor of BASF's nitrogen fertilizer products, it is highly desirable to be able to incorporate this nitrogen fertilizer device into the capsule. However, the German potash salt held a press conference in Frankfurt, Germany, on March 10, stating that after the evaluation, the company abandoned the acquisition plan. The company’s board of directors did not believe that it was in line with the company’s strategy of relying on capital operations to increase its value. However, the German potash believes that whoever acquires will continue to perform the nitrogen fertilizer distribution agreement and will not change until at least the end of 2014.
Obviously, OCI is striving to expand its business in fertilizers. Another rumors said recently that OCI may have approached BASF and hope to acquire BASF's nitrogen fertilizer plant in Antwerp, Belgium, in order to hold a 50% stake in France's PECRhin. In early March, BASF announced plans to sell 50% of the shares of the Antwerp nitrogen fertilizer plant and PEChin in the first quarter of 2012. It is understood that the annual production capacity of BASF fertilizers is close to 2.5 million tons. Antwerp mainly produces calcium ammonium nitrate and ammonium nitrate as well as intermediates, ammonia and nitric acid. Industry insiders expect that if the acquisition of BASF nitrogen fertilizer is successful, OCI's fertilizer production capacity will be further expanded and technology and production will be fully integrated. Both parties have not issued any comments on this matter.
It is also known that the German potash company (K+S) is interested in BASF nitrogen fertilizer. Since the company is a direct distributor of BASF's nitrogen fertilizer products, it is highly desirable to be able to incorporate this nitrogen fertilizer device into the capsule. However, the German potash salt held a press conference in Frankfurt, Germany, on March 10, stating that after the evaluation, the company abandoned the acquisition plan. The company’s board of directors did not believe that it was in line with the company’s strategy of relying on capital operations to increase its value. However, the German potash believes that whoever acquires will continue to perform the nitrogen fertilizer distribution agreement and will not change until at least the end of 2014.