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Incitec sees new U.S. plant benefiting from recent fertiliser M&A

2015-09-15 09:43:55| Agriculture - Topix.net

Australia's Incitec Pivot expects its new $850 million U.S. ammonia plant will reap bigger profits than first projected, thanks to a recent string of fertiliser takeovers, cheap gas prices and the sliding Australian dollar. The plant outside New Orleans is expected to start producing in the third quarter of calendar 2016, with all of its output already committed to customers, including Incitec's Dyno Nobel arm in the United States and ammonia trader Trammo.

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