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Yara International ASA (OSL:YAR) Oslo (2009-01-22): Yara International ASA has decided to restart production of urea and ammonia at its site in Ferrara, Italy.
Yara has started preparations to restart Yara Ferrara following improved market conditions. Start up of the urea and ammonia plants is expected during February.
The Ferrara facility transforms natural gas into ammonia and urea, which are the main components in the production of nitrogen fertilizers and chemicals. The site has an annual production capacity of 600,000 tons of ammonia and 550,000 tons of urea.
The decision to restart production is related to the general improvements in the international urea markets and the specific situation in Italy with increased seasonal demand.
Yara International ASA is a leading chemical company that converts energy, natural minerals and nitrogen from the air into essential products for farmers and industrial customers. As the number one global supplier of mineral fertilizers and agronomic solutions, we help provide food for a growing world population. Our industrial product portfolio includes environmental protection agents that safeguard air and water purity and preserve food quality. Yara's global workforce of more than 8,000 employees represents great diversity and talent enabling Yara to remain a leading performer in its industry. www.yara.com
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