Merger at Indian fertilizer firms MCFL, PPL: Update

: Fertilizers
24/02/08

Adds name of the merged entity in 2nd paragraph

Indian fertilizer producers Mangalore Chemicals & Fertilizers (MCFL) and Paradeep Phosphates (PPL) have announced a merger on 7 February.

The merger will allow the two fertilizer producers to consolidate their business operations, boosting a total production capacity of 3.6mn t/yr of fertilizers, the producers said in separate company statements. The name of the merged entity will be PPL.

MCFL is a key producer of chemical fertilizers based in Karnakata in the south of India. It focuses on urea, DAP, 20-20-0+13S and other speciality fertilizers. PPL has two phosphate plants located in Paradeep and Zuarinagar, with 1.8mn t/yr and 1.2mn t/yr of production capacity, respectively.

Both producers have formed a merger implementation committee to oversee the merger process. Further details such as the timeline for the completion of the merger were not available.

By Huijun Yao

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US-Belarus potash trade may soften MOP pricing outlook

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