Santiago-Sociedad Quimica y Minera de Chile S.A. (SQM) said May 28 that it has entered into an agreement with Coromandel Fertilizers Ltd. to create a joint venture for the production and distribution of water soluble fertilizers in India. The agreement, signed May 26 by SQM’s subsidiary Soquimich European Holdings, establishes a 50-50 contribution to the jv. The first step will be the construction of a new 15,000 mt facility in the city of Kakinada to produce water soluble NPK grades. The facility will require a total investment of approximately US$2 million, and should be operational by March 2010.
Transparency Across the Fertilizer Value-Chain