EuroChem is strengthening in Brazil
EuroChem has acquired a 51.48% stake in the Brazilian company Fertilizantes Heringer. With this asset, the company can expand supplies to one of the most important markets for mineral fertilizers.
Fertilizantes Heringer has 14 distribution units and makes a significant contribution to Brazilian agriculture, being the fourth-largest supplier in the country with a capacity exceeding 4 million tons per year.
“After being approved by Federal Antimonopoly Service, this deal will allow EuroChem to improve reliability and service delivery to the entire Brazilian market, as well as expand sales of our product line of standard and premium fertilizers,” said Charles Bendaña, Head of the Sales and Distribution Department of EuroChem. “It will also improve our supply chain and logistics to cut expenditures of our customers in Brazil, as well as increase netbacks for all our manufacturing facilities around the world. With our recent acquisition of Fertilizantes Tocantins and Serra do Salitre, the current deal will strengthen our leadership both domestically and abroad.”