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Acid Plant Database March 1, 2018
Owner | Hellagrolip SA | |
Location |
Kavala Plant |
|
Background |
Phosphoric Fertilizers Industry S.A. (PFI) was founded in 1961 by the
Commercial Bank Group and began operating in 1965 at Nea Karvali in Kavala.
A historical milestone in the corporate evolution of PFI was undoubtedly the year 2000, when the two most important fertilizer manufacturers in the country -Phosphoric Fertilizers Industry S.A. and Chemical Industries of Northern Greece S.A.- merged and today form one of the largest chemical companies in Greece. The company's production structure comprises two large plants, one at Nea Karvali in Kavala and the other in Thessaloniki. September 2009, PFI SA was acquired by ELFE SA, a company controlled by a private equity fund. Formerly: Phosphoric Fertilizers Industry S.A. Hellenic Fertilizers and Chemicals ELFE SA |
|
Website | www.hellagrolip.com | |
Plant | Plant No. 1 | Plant No. 2 |
Coordinates* | 40° 57' 19" N, 24° 28' 47" E | 40° 57' 17" N, 24° 28' 45" E |
Type of Plant | Sulphur Burning | Sulphur Burning |
Gas Source | Elemental Sulphur | Elemental Sulphur |
Plant Capacity | 540 MTPD | 840 MTPD |
SA/DA | - | - |
Status | Operating | Operating |
Year Built | 1966 | 1985 |
Technology | Hugo Petersen | Davy McKee |
Contractor | Hugo Petersen | Davy McKee |
Remarks | - | - |
Pictures | ||
General |
The Kavala plant has the following production facilities with the respective
annual capacities:
1. Ammonia, 150.000 metric tons. |
|
References | - | |
News | September 15, 2009
- Phosphoric Fertilizers Industry (“PFI”) announced today that its
shareholders, including Emporiki Bank, National Bank of Greece, Alpha Bank
and DEPA, signed a share purchase agreement for the sale of the total issued
share capital of PFI to a company controlled by Lamda Partners. Lamda Partners By way of
this agreement, Lamda Partners aims to continue and further develop the
production and commercial activities of PFI, which has a leading position in
the fertilizer sector within the Greek market, while it exports a great part
of its production to the international market.
Mr. Lavrentis Lavrentiadis made the following statement on behalf of Lamda
Partners: “We are very proud that the investments of Lamda Partners begin
with the investment in PFI. Based on the strategic importance of the
installation in Kavala, we will have many opportunities to further develop
its business activities, utilising the great experience and commitment of
PFI’s personell, on which company’s development has been based up to now.
PFI is committed to maintain the employment positions and production
operations in Kavala. Lamda Partners would further invest in the company’s
production facilities to the benefit of its customers, employees and
Kavala’s local community”.
Rothschild and Norton Rose have acted as advisers to the sellers, Emporiki
and NBG, while RBS, Skadden and Bernitsas law offices have acted as advisers
to the buyer. Phosphoric Fertilizers
Industry is a market leading producer of fertilizers in Greece and in 2008
it had a turnover of €231.5 million. The production facility in Kavala
produces a broad range of specialized fertilizers for all types of farming.
Lamda Partners is a private equity fund whose business policy
focuses on investing in equity securities of leading companies in
South-eastern Europe. |
MTPD - Metric Tonne per Day
STPD - Short Ton per Day
MTPA - Metric Tonne per Annum STPA - Short Ton per
Annum
SA - Single Absorption
DA - Double Absorption
* Coordinates can be used to
locate plant on Google Earth