Generic Hero BannerGeneric Hero Banner
Últimas notícias do mercado

Swedish SOP producer Cinis mulls liquidation

  • Mercados: Fertilizers
  • 09/01/26

Swedish water-soluble potassium sulphate (SOP) producer Cinis has announced it may be forced to begin company insolvency unless it can achieve a short-term financing deal with lenders.

The fertilizer company says it is in a "strained financial situation" and currently in negotiations with financers to provide short-term credit. But liquidation in as little as two weeks remains the "most likely" outcome, a company press release said.

Cinis, which produces SOP from pulp-and-paper and car battery industries, began output at its 100,000 t/yr Ornskoldsvik plant in Sweden in May 2024. It later delivered its first vessel of product to Dutch speciality fertilizer company Van Iperen in September that year.

But Cinis has faced persistent challenges since then, including missing its production goals in 2024 because of production disruptions, and transportation issues. The company in April last year sought finance to boost production and fund improvement at its plant. It then in October ditched its output targets and asked for further funding, before pausing production in November.


Compartilhar
Generic Hero Banner

Business intelligence reports

Get concise, trustworthy and unbiased analysis of the latest trends and developments in oil and energy markets. These reports are specially created for decision makers who don’t have time to track markets day-by-day, minute-by-minute.

Learn more