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March 24, 2023

Azomures signs EUR 75 M worth of contract for urea plant upgrade

A contract aimed at modernising facilities was signed yesterday at Targu Mures, one of the first contracts that are part of the USD 200 M investment plan announced by Swiss trader Ameropa AG, the new shareholder of Azomures, after taking over the plant in April 2012. According to a press release, Maria Grapini Ministry Delegate for SMEs, Business Environment and Tourism was also present during the announcement. This contract allows Azomures to begin modernising its urea manufacturing facility unit. The contract will be implemented in partnership with the Chemoprojekt Company from the Czech Republic, and is priced at EUR 75 M. The work is expected to be completed in two years and a half. Since spring, the chemical fertiliser manufacturer has been conducting the assessment of platform activities in order to be able to integrate all activities in the strategy assumed once the plant is taken over by the Swiss company Ameropa.

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