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Ramūnas Miliauskas, CEO of Achema, tells BNS that nitrogen fertilizer manufacturers around the world face significant challenges due to record gasoline prices.
Achema carefully evaluates the scope for future activities and adjusts the production basket of its products. Due to the current difficult market conditions, the decision was made not to temporarily open one of the ammonia workshops after the planned repairs were completed, ”R. Miliauskas said in a comment to BNS on Friday.
The scheduled repairs to the plant were carried out in July-August and were completed in early September. The factory is repaired annually in summer.
Gintarė Mierkienė, the communication manager of the Achema Group, which manages Achema, could not tell BNS what would happen to the temporarily inactive workshop employees.
Achema employs about 1.27 thousand people. people.
Sales of the company’s products fell 3% last year. up to 2.47 million tonnes: in early 2020 they decreased due to low demand for fertilizers in Western Europe.
Achema exports its products to almost 30 countries, and its main markets are France, Great Britain, Germany, Central Europe and Scandinavia.
Due to record gasoline prices, about 40 percent. Yara International, one of the world’s largest fertilizer producers, temporarily reduced ammonia production, and CF Industries Holdings suspended two plants in the UK.
Gas prices in Europe have soared more than three times this year.
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