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FARMING

ThyssenKrupp wins billion-euro factory deal

German heavy industry giant ThyssenKrupp said on Friday it had won a contract worth more than a billion euros ($1.3 billion) to build a number of fertiliser plants in the United States.

ThyssenKrupp wins billion-euro factory deal
Photo: DPA

ThyssenKrupp said in a statement its plant construction arm ThyssenKrupp Uhde had won a major order for designing and building fertiliser plants in Port Neal, Iowa, and Donaldsonville, Louisiana.”

The projects were ordered by fertilizer manufacturer CF Industries Holdings, and their combined value “exceeds €1.0 billion,” the statement said.

The Port Neal project will consist of an ammonia plant with daily capacity of 2,200 metric tons, a urea plant capable of 3,500 tons a day, and a urea granulation plant also capable of producing 3,500 tons a day.

Port Neal is “a strategically important location in the midst of the mid-west United States corn belt,” ThyssenKrupp said.

CF Industries, based in the US state of Illinois, and Iowa governor Terry Branstad announced a $1.7 billion expansion of the existing Port Neal fertiliser plant on Thursday at a packed press conference in Sioux City, Iowa, the Sioux City Journal.com reported.

The expansion at the two facilities would “significantly reduce the dependence of the US on fertiliser imports from the Middle East and North Africa region,” it said.

Iowa governor Branstad said that could save farmers in the state and the US Midwest millions of dollars. “It’s going to improve our profitability for agriculture,” he said, according to the Sioux City paper.

Torsten Gessner, head of ThyssenKrupp North America, praised the move. “This cooperation with CF Industries… will be another step towards improving the fertiliser plant infrastructure in the US,” he said in a statement.

“It also strengthens the market position of ThyssenKrupp’s plant engineering business in North America.”

AFP/The Local/mbw

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POLITICS

France vows to block EU-South America trade deal in current form

France has vowed to prevent a trade deal between the European Union and the South American Mercosur bloc from being signed with its current terms, as the country is rocked by farmer protests.

France vows to block EU-South America trade deal in current form

The trade deal, which would include agricultural powers Argentina and Brazil, is among a litany of complaints by farmers in France and elsewhere in Europe who have been blocking roads to demand better conditions for their sector.

They fear it would further depress their produce prices amid increased competition from exporting nations that are not bound by strict and costly EU environmental laws.

READ ALSO Should I cancel my trip to France because of farmers’ protests?

“This Mercosur deal, as it stands, is not good for our farmers. It cannot be signed as is, it won’t be signed as is,” Economy Minister Bruno Le Maire told broadcasters CNews and Europe 1.

The European Commission acknowledged on Tuesday that the conditions to conclude the deal with Mercosur, which also includes Paraguay and Uruguay, “are not quite there yet”.

The talks, however, are continuing, the commission said.

READ ALSO 5 minutes to understand French farmer protests

President Emmanuel Macron said Tuesday that France opposes the deal because it “doesn’t make Mercosur farmers and companies abide by the same rules as ours”.

The EU and the South American nations have been negotiating since 2000.

The contours of a deal were agreed in 2019, but a final version still needs to be ratified.

The accord aims to cut import tariffs on – mostly European – industrial and pharmaceutical goods, and on agricultural products.

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