08/10/2018

Press release: EuroChem takes on US fertilizer assets from Trammo

Zug, Switzerland, October 8, 2018 – EuroChem Group AG (“EuroChem” or the “Group”), a leading global fertilizer company, announces the expansion of its North American distribution network via the assumption of dry and liquid fertilizer transport and storage assets from international merchandising and trading firm Trammo, Inc.

The move substantially expands EuroChem’s fertilizer storage capacity in the United States, and will enable the Group to strengthen its presence into Western Canada as well as on the East Coast. EuroChem now operates 25 warehouses in the US, with a current storage capacity of about 500,000 metric tonnes.

The US market accounted for about 11% of Group sales in 2017. EuroChem expanded its presence in the US in October 2015 with the acquisition of Ben-Trei, a fertilizer distribution business historically focused on sales within the country’s heartland.

“The agreement with Trammo will substantially increase our storage capacity, while also broadening our geographic reach,” said Charlie Bendana, EuroChem North America Managing Director. “It will support the ongoing expansion of our US business, allowing us to fulfil growing demand from local farmers for high-quality fertilizers.”

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