Brazil: Fertilizer Production Eurochem Opens New Fertilizer Blending Plant
Eurochem announced the opening of a new blending plant in Brazil as part of the continued expansion of Fertilizantes Tocantins (FTO).
Zug/Switzerland — The fertilizer producer acquired a controlling interest in FTO in 2016 as part of its expansion strategy in the fast-growing Latin American fertilizer market.
The new blending plant, FTO’s fifth to date, is located in Sinop in the commercially-important northern region of Mato Grosso. The plant represents an investment of $ 17 million and is expected to produce 300,000 tonnes of fertilizer by the end of 2018, which will represent about 15 % of Tocantins’ total sales by volume.
According to José Eduardo Motta, CEO of FTO, Mato Grosso is an important agricultural market. The company has already sold 200,000 tonnes of fertilizer to be delivered by this new unit during the coming months, he said.
Construction of the 20,000 m2 plant created 400 new jobs, and the facility now employs 70 full-time workers.
Two further blending plants are planned for later this year, one in Catalão in the state of Goiás, which is due to open in July, and a second in Araguari, in the state of Minas Gerais. Founded in 2003, FTO is already one of the largest fertilizer companies in Brazil, with a strong presence in the North, Northeast and Mid-West parts of the country.