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Yara to Permanently Close NPK Plant in Hungary

12:26 AM MDT | May 28, 2009 | Deepti Ramesh

Yara International says it will permanently close its NPK fertilizer plant at Peremarton, Hungary, where production was temporarily stopped since October 2008. The plant, which has a production capacity of 150,000 m.t./year, lacks access to competitively priced raw materials, and is not flexible enough to accommodate the new market requirements for nitrogen, phosphate and potash combinations, Yara says. The plant has 110 employees. Yara will fulfil customer contracts from built-up stock and alternative product sourcing. Yara announced last month that its NPK...

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