Silvinit Doubles Productive Output
OREANDA-NEWS. June 11, 2010. The potash market has shown a trend for demand growth, which encourages large manufacturers to increase productive output. The only aspect that spoils this colorful landscape is the still large volume of idle capacities, a factor that has caused stagnation in potash prices.
In 5M2010, productive output at Silvinit (RTS: SILV) increased by 150% y-o-y to 2.08 mn tons. In line with the conservative scenario envisaged in the company’s business plan, Silvinit should produce 4.2 mn tons of potash in 2010.
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