USA: Fertilizers Euro Chem Expands Distribution Network by Taking on Assets from Trammo
Euro Chem will be making use of Trammo’s dry and liquid fertilizer transport and storage assets to expand its fertilizer storage capacity in the United States. Euro Chem possesses a current storage capacity of about 500,000 metric tonnes in the US.
Zug/Switzerland – Euro Chem Group, a leading global fertilizer company, has recently announced the expansion of its North American distribution network via the assumption of dry and liquid fertilizer transport and storage assets from international merchandising and trading firm Trammo. The move substantially expands Euro Chem’s fertilizer storage capacity in the United States, and will enable the Group to strengthen its presence into Western Canada as well as on the East Coast. Euro Chem now operates 25 warehouses in the US, with a current storage capacity of about 500,000 metric tonnes.
The US market accounted for about 11 % of Group sales in 2017. Euro Chem expanded its presence in the US in October 2015 with the acquisition of Ben-Trei, a fertilizer distribution business historically focused on sales within the country’s heartland. The agreement with Trammo will support Euro Chem’s ongoing expansion of its US business, allowing the firm to fulfil growing demand from local farmers for high-quality fertilizers.