Toronto-Acquisitions helped boost Marsulex Inc.’s net income to $7.1 million and revenues to $249.6 million for the year ending Dec. 31, 2006, compared to 2005’s $1.4 million and $166.5 million, respectively. Marsulex also noted some fertilizer-related developments, as the ammonium sulfate startup at the Syncrude facility in Fort McMurray added $800,000 in sales to the company in the fourth quarter. AS production began in the third quarter. The company’s U.S. West Coast sulfur prilling business was negatively impacted by lower sulfur prices. Marsulex said prilled sulfur prices declined 29 percent during the year. As a result, a decline in margins and highly competitive conditions at Long Beach led it to record an asset impairment charge of $2.8 million in the fourth quarter. Company-wide, the company saw a loss of $1.4 million on sales of $69.4 million, versus a year-ago loss of $400,000 and sales of $47.5 million.
Transparency Across the Fertilizer Value-Chain