Achema’s decision to temporarily stop its nitrogen fertiliser production was a better option than operating at a loss and eventually going bankrupt, Vidmantas Janulevicius, president of the Lithuanian Confederation of Industrialists, believes. Soaring energy prices may force more companies to follow in its footsteps, he adds. “No business wants to increase its losses, because sooner…
Achema, Lithuania’s biggest fertiliser manufacturer based in Jonava, has announced it is stopping its plant as of September 1 due to high prices of natural gas, one of the key ingredients. For the time being, only the production of resins and technical gases will be maintained. “In the current market situation, most Western fertiliser producers…
Lithuania’s Kedainiai-based phosphate fertiliser producer Lifosa is resuming operations after a nearly four-month break. The company is facing various challenges ahead but hopes to overcome them all, acting CEO Regvita Ivanoviene has said. “We face many challenges, both related to the sale of our products and with the purchase of raw materials. We had to…
The Lifosa plant has resumed production after a forced shutdown in April. 240 employees of the enterprise are back to work. Earlier, the European Union authorities imposed sanctions against Andrey Melnichenko, the owner of EuroChem, which owned Lifosa. After that, the accounts of Lifosa were blocked and the plant was forced to stop. Later, the…
Solidarumas, a Lithuanian trade union, has suggested nationalizing a Kedainiai-based phosphate fertilizer manufacturer Lifosa the indirect owner of which is subject to EU sanctions. Kristina Krupaviciene, the union’s chairwoman, has presented the proposal to the Prime Minister Ingrida Simonyte, saying that the move would help save jobs, government and municipal revenues. Some of the company’s…
The so-called Ministry of State Security of Donetsk People’s Republic, a terrorist organization created and supported by Russian, spread fake information that on February 18 a Ukrainian sabotage group attempted to commit an attack at the Stirol plant (the city of Horlivka, Donetsk), which could have led to a large-scale environmental disaster, but happily, it…
According to the forecast of Tajikistan’s main macroeconomic indicators for 2021-2023, the republic plans to increase imports of mineral fertilizers. For example, this year, Tajikistan will import about 170.5 thousand tons of mineral fertilizers, up by 2.9% YoY. The volume of imports of these products will annually grow due to the lack of own production…