Edition:
United States

Agricultural Chemicals

Page 1

Changjiang Fertilizer response to queries from SGX

Tuesday, 18 Jul 2017 03:10am EDT

July 18 (Reuters) - Changjiang Fertilizer Holdings Ltd :Currently in process effecting a reverse take-over of a cash generative real estate development and investment business​.Board is of view that co will have sufficient working capital to enable it to operate as a going concern.Co shares have been suspended from trading, and it is board's intention to let suspension remain until completion of RTO and disposal.

Norway's Yara Q2 result misses forecast as oversupply cuts margins

Tuesday, 18 Jul 2017 02:23am EDT

July 18 (Reuters) - Fertilizer firm Yara International Asa :Yara q2 revenues nok 23,471 million (Reuters poll nok 24.64 billion) vs 25,866 mln in Q2 2016.Yara q2 ebitda ex special items nok 2,873 million (Reuters poll nok 3.36 billion) vs 3,958 mln in Q2 2016.Yara q2 net result nok 699 million (Reuters poll nok 1.21 billion) vs 3,072 mln in Q2 2016.Yara improvement program and growth pipeline, both of which are on track to deliver minimum nok 17 per share of annual earnings improvements within 2020.Yara's spot energy costs for next two quarters are expected to be approximately nok 225 million higher than a year earlier.Global farm margin outlook and incentives for fertilizer application remains supportive overall, and price trend for cereal, meat and dairy has been positive year to date.In europe, yara is seeing a normal rate of order taking at start of new season, at higher prices than a year ago, and expects roughly stable european nitrogen consumption for 2017/18 season.Yara is expanding capacity in several plants at a significantly lower capital expenditure per capacity tonne compared with benchmark greenfield expansions. Most of these projects will be completed during 2017 and 2018..Applying current market prices, these projects are expected to generate approximately usd 650 million of annual ebitda improvement (nok 7 net income per share) by 2020 when fully operational..

Gujarat State Fertilizers and Chemicals says emergency shutdown of ammonia-IV plant taken on July 6

Monday, 10 Jul 2017 07:31am EDT

July 10 (Reuters) - Gujarat State Fertilizers And Chemicals Ltd ::Says emergency shutdown of Ammonia-IV plant was taken on 06/07/2017.Says all other plants of GSFC are operational with supply of ammonia from ammonia storage tanks.Says efforts are being put to rectify problem and put back plant on regular operation.Shutdown taken due to detection of leakage of high pressure process gas from hot header of reformer box.Says Urea-II plant also shutdown due to non-availability of co2 gas which is by-product of ammonia-IV plant.

Markets

  • Sectors
  • U.S.
  • Europe
  • Asia

Sector Summary