Fertiberia has decided to stop the production of one of its factories in Spain to mitigate the impact on its income statement of the rising cost of natural gas.
Sources from the largest group of fertilizers in the European Union explain that the stoppage of the Palos de la Frontera (Huelva) factory will be temporary and "is scheduled" to be limited to October.
During this time, the company plans to carry out maintenance work on the plant and advance other investments planned for 2022 in terms of energy efficiency and environmental optimization, the same sources detail.
Fertiberia is one of the largest industrial groups in the country with a total of 13 production centers located in
Spain, France and Portugal and more than 1,400 employees.
The same sources explain that the stoppage will not be extended for the moment to other production centers, which continue to operate according to planned plans.
The factory affected by the stoppage has a workforce of 148 employees and is dedicated to the production of ammonia and urea.
Precisely, the group claims to be one of the world leaders in the production of ammonia.
The company belongs to the German investment fund
Triton Partners
after the sale by the Villar Mir group.
Its new managers have turned to make this company a leader in the fertilization of the future.
A few months ago, the firm reached an agreement with Iberdrola to promote the introduction of green hydrogen in its processes and to make the Palos de la Frontera factory the center of the project.
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