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Kemira GrowHow becomes Yara Hungaria after takeover

Recycling

Kemira GrowHow Hungary has changed its name to Yara Hungária after its parent company, Finnish artificial fertilizer maker Kermira GrowHow was acquired by Norway's Yara International.

Yara Hungária's revenue could reach as much as Ft 15 billion in 2008, judging from Q1 figures, up from Ft 11 billion in 2007, managing director Gábor Szellős told the daily Világgazdaság.

Kemira GrowHow Hungary's capex came to about Ft 130 million in 2007 and Yara Hungaria plans to spend at least as much in 2008, he said. Yara Hungaria would like to raise capacity at its plant to an annual 200,000 tons from about 120,000 in just a couple of years. (MTI – Econews)

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