SQM Forms Potassium Nitrate Joint Venture in China

Sociedad Quimica y Minera de Chile (SQM; Santiago) and Migao Corp. (Beijing) say they have formed a 50-50 joint venture for the production and distribution of potassium nitrate in China. The jv will invest $20 million to build a 40,000-m.t./year potassium nitrate facility that is due online by the first quarter of 2009. “This agreement will allow us to further develop our presence in one of the most important markets for the fertilizer industry, and it is consistent with our strategy of strengthening our worldwide leadership position in our three core...

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