Brussels—While the Tessenderlo Group reported an uptick in overall REBITDA and revenues for the first quarter, to €54.8 million on revenues of €431.3 million versus the year-ago €47.9 million and €401.8 million, respectively, the company said the Agro unit revenues were off 1.6 percent and REBITDA was off slightly. Agro includes Tessenderlo’s fertilizer and crop protection businesses.
Revenues were up in both the Bio-valorization and Industrial segments, with REBITDA up for Bio-valorization and off for Industrial. The company reported that the construction of its two new Thio-Sul ® plants in East Dubuque, Iowa, and Rouen, France, and its new electrolysis plant in Loos, France, are on schedule to be completed in second-half 2017.