Nitrogénművek restarts ammonia production
After a one-month shutdown, Nitrogénművek has restarted ammonia production in order to meet the strong export demand at the end of the artificial fertilizer season, according to a press release sent to the Budapest Business Journal.
"Thanks to our experienced colleagues, the restart was a success and as of today, 4,400 tonnes of finished product will be coming off the production lines in Pétfürdő every day, while the summer season will be a busy one, with great challenges for the industry, due to the expected high energy prices," said Eszter Fábry, CEO of the company.
The company's management is confident that the missing, last-minute procurements in domestic agriculture will appear on the market, similarly to other European countries, and Hungary’s agricultural performance this year will not be lower than usual.
Nitrogénművek continues to monitor closely the highly volatile market environment, primarily in order to maintain the supply of nutrients needed by agriculture, but the company is also ready to reduce or stop production again if needed, according to the press release.
Czech Economic Sentiment Hits 1-year High
Chinese President to Visit Budapest in May
Hungarian Gen Z Auto-buyers Prioritize Affordability
Liz & Chain Rooftop Bar Debuts Sustainable Cocktails
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
