Acron publishes 9M19 financial results
The company's revenue increased by 12% y/y in 9M19, while EBITDA was up 10% y/y.
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The company's revenue increased by 12% y/y in 9M19, while EBITDA was up 10% y/y.
The company recorded a net loss of US$23 million, or US$0.20 per common unit, on net sales of US$89 million for 3Q19, compared to a net loss of US$13 million, or US$0.12 per common unit, on net sales of US$80 million for 3Q18.
The company's total fertilizer production in 3Q19 increased by 15.2% y/y to 2460.4 kt. Fertilizer output for 9M19 grew by 7.2% y/y to 7162.0 kt.
The Group will supply over 100 000 t of ammonium nitrate and NPK to the Bryansk, Orel and Novgorod regional departments of agriculture for 2020.
ADNOC and OCI are seeking to make Fertiglobe the largest export-focused nitrogen fertilizer platform globally, and the largest producer in the MENA region.
The shutdowns are at the company's Allan, Lanigan and Vanscoy potash mines in Saskatchewan, Canada.
The strategic review of the company's Fertilisers Asia Pacific business segment will assess various options including a potential sale of the business, a demerger or retaining the business and continuing to invest for growth.
Company revenue increased by 11% to US$926 million from US$833 million during 1H19.
For its new Ammonium Nitrate-based granulated compounds production at the Wloclawek site, ANWIL has chosen CEAMAG Technology.
At 30 June 2019, Karnalyte Resources had cash of CAN$8.6 million, a positive working capital of CAN$8.7 million and no debt.
BayoTech has announced that its Board of Directors has appointed Mo Vargas as President and Chief Executive Officer. Mo will also become a member of the Board of Directors for BayoTech.
Kiwa Bio-Tech Products Group Corp. recently completed research of a new fertilizer processing technology with several technology institutes.