BAKU, Azerbaijan, Jan. 19
By Klavdiya Romakayeva - Trend:
Indorama, a Singaporean corporation, has embarked on the first stage of modernization of the Kokand Superphosphate Plant in Uzbekistan, Trend reports referring to fertilizerdaily.ru.
According to the information, in the course of modernization, the enterprise will launch the production of water-soluble fertilizers.
It was also noted that the volume of superphosphate production at Kokand Superphosphate Plant is planned to be increased from 100,000 tons to 350,000 tons per year.
The Kokand superphosphate plant was built in 1935 to process phosphorites from the Dzheroy-Sardarinsky deposit. In 2019, Indorama acquired 95.54 percent of its shares.
In 2020, the Kokand superphosphate plant signed loan agreements totaling $25 million with International Finance Corporation and European Bank Reconstruction and Development in order to upgrade its technological facilities.
It is reported that at the second stage of modernization, the enterprise is supposed to establish the production of dicalcium phosphate, potassium sulfate, and sulfuric acid.
Indorama Corporation is one of Asia’s leading chemical holding companies based in Singapore. Its origins trace back to 1975 with the start of Indorama Synthetics in Indonesia by its founder, M.L. Lohia, and his son, S.P Lohia. Indorama Synthetics started as a cotton yarn spinning company. In 1991, the company diversified into the production of polyester fibers from petrochemical derivatives.
Indorama has over 20 manufacturing sites in eight countries manufacturing a multitude of products including nitrogen fertilizers, phosphate fertilizers, polyethylene, polypropylene, polyester, textiles, cotton fiber, and medical gloves. The company is the largest producer of Urea and Phosphate fertilizers in Sub-Saharan Africa, the largest producer of polyolefins in West Africa, and the third-largest producer of synthetic gloves in the world. Indorama is also an integrated producer of cotton and synthetic spun yarns.
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