TESSENDERLO GROUP OPENS NEW LIQUID FERTILIZER MANUFACTURING FACILITY IN EAST DUBUQUE, ILLINOIS (USA)

TESSENDERLO GROUP OPENS NEW LIQUID FERTILIZER MANUFACTURING FACILITY IN EAST DUBUQUE, ILLINOIS (USA)

 

Tessenderlo Group today announced the opening of its new Thio-Sul® manufacturing plant in East Dubuque. This new manufacturing facility of Tessenderlo Group’s business unit Crop Vitality creates approximately 20 jobs and will allow for delivery of the product more efficiently to the Midwest agriculture community. The liquid fertilizer Thio-Sul® is used for broad-acre crops as well as arboricultural and vegetable crop cultivation.

In 2014, Crop Vitality signed a long-term agreement with Rentech Nitrogen Partners, L.P., now CVR Partners, to lease property and to provide the facility ammonia – a key ingredient in the production of Thio-Sul®.

Tessenderlo Kerley, Inc. CEO Steve Azzarello said, “Our investment in the Midwest clearly demonstrates that we are not only committed to serving our customers in that region, but also the entire agricultural community. This facility combines excellence in process technology, manufacturing efficiency, product quality safety and environmental performance. Consistent with our vision to be a leader in customer centric innovation of our products and services, the East Dubuque facility allows us to take thousands of tons of product off long-haul truck and rail routes as well as be more service orientated as product will be available locally.”

Thio-Sul® is an environmentally safe liquid nutrient that was introduced to farmers and farm retailers in 1959. Adding Thio-Sul® to Urea Ammonium Nitrate solution is an economical and effective way to reduce nitrogen loss. Moreover, Thio-Sul® can improve soil structure in high pH soils and increase water filtration.

About Crop Vitality

Crop Vitality (www.cropvitality.com) is the world’s largest and leading producer of sulphur-based liquid plant nutrition products to the agriculture industry. Known globally for its specialized crop and soil nutrients, the company operates 12 manufacturing plants throughout the United States. Crop Vitality is committed to nurture crop life through innovation, research and development of sustainable and nutrient-filled fertilizers.

Tessenderlo Group is a diversified industrial group that focuses on agriculture, valorizing bio-residuals and providing industrial solutions. The group employs approximately 4,900 people, is a leader in most of its markets and recorded a consolidated revenue of 1.6 billion EUR in 2016. Tessenderlo Group is listed on Euronext Brussels and is part of Next 150 and BEL Mid indices. Financial News wires: Bloomberg: TESB BB – Reuters: TESB.BR – Datastream: B:Tes

Media Relations: Frederic Dryhoel      +32 2 639 19 85  frederic.dryhoel@tessenderlo.com

Investor Relations: Kurt Dejonckheere     +32 2 639 18 41  kurt.dejonckheere@tessenderlo.com

This press release is available in Dutch and English on the corporate website www.tessenderlo.com – under ‘News & Media’

Disclaimer This document may contain forward-looking statements. Such statements reflect the views of management regarding future events at the date of this document. Furthermore, they involve known and unknown risks, uncertainties and other factors that may cause actual results to be different from any results, performance or achievements expressed or implied by such forward-looking statements. Tessenderlo Group provides the information in this press release as at the date of publication and, subject to applicable legislation, does not undertake any obligation to update, clarify or correct any forward-looking statements contained in this press release in light of new information, future events or otherwise. Tessenderlo Group disclaims any liability for statements made or published by third parties (including any employees who are not explicitly mandated by Tessenderlo Group) and, subject to applicable legislation, does not undertake any obligation to correct inaccurate data, information, conclusions or opinions published by third parties in relation to this or any other press release it issues.