GrowHow Halts Ammonia Production At Billingham
GrowHow UK has temporarily suspended manufacture of ammonia at its Billingham site, the company said in a statement.
"The decision to stop production temporarily is related to the current situation in international ammonia markets with lower activity and price levels, as well as lower industrial ammonia demand in UK," they said.
The plant has an annual capacity of 550,000 tons ammonia, and will startup again when market conditions warrant resuming production, they added.
Interestingly, GrowHow was recently defending it's UK pricing structure, saying that whilst they realised that the price of urea had fallen dramatically "we think this is a short-term market shift, arising from a lull in demand and the credit crunch."
Yeah, right.
"The decision to stop production temporarily is related to the current situation in international ammonia markets with lower activity and price levels, as well as lower industrial ammonia demand in UK," they said.
The plant has an annual capacity of 550,000 tons ammonia, and will startup again when market conditions warrant resuming production, they added.
Interestingly, GrowHow was recently defending it's UK pricing structure, saying that whilst they realised that the price of urea had fallen dramatically "we think this is a short-term market shift, arising from a lull in demand and the credit crunch."
Yeah, right.