Oslo-Yara International ASA said Dec. 8 it will strengthen its phosphate rock base by investing in new capacity at its mine in Siilinjärvi in Finland. The EUR 60 million investment will increase capacity from 850,000 mt to 1 million mt/y. “The project strengthens the scale and competitiveness of our rock mining operations in Finland and increases sourcing flexibility for our NPK production, especially for the Norwegian plants. It is a good illustration of the value that the Kemira GrowHow acquisition has added to the Yara system,” says Hallgeir Storvik, Head of Strategy, Supply and Trade. The increase in capacity is achieved mainly through the de-bottlenecking of existing production equipment and infrastructure. The project will also upgrade infrastructure for transport and storage of rock for export out of Uusikaupunki. The project, which is also profitable under more challenging market conditions than seen recently, is expected to be completed during fourth quarter 2009.
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