March 16, 2010
Koch Fertilizer Trading Sàrl and Rocha TOP – Terminais e Operadores Portuários Ltda, have entered into an agreement whereby Rocha TOP will build a dedicated warehouse facility in Paranagua to store up to 57,000 metric tons of urea and other fertilizers for Koch Fertilizer Trading.
Construction of this warehouse will be concluded early in 2011.
“This agreement will allow us to help key fertilizer customers better manage their price risk, optimize working capital and improve overall logistics in the region,” said Jim Sorlie, Koch Fertilizer LLC’s senior vice president, supply and trading.
“We are pleased to enter into this agreement to expand storage capacity in Paranagua for Koch Fertilizer Sàrl’s customers,” said Hélio Fiqueiredo Freire Fiho, Director of Rocha TOP.
Koch Fertilizer, LLC and its affiliates are significantly expanding their ability to serve customers and suppliers by developing new deepwater terminals and expanding existing operations at ports around the world. In addition to Paranagua, new locations include Avonmouth, U.K., Sète, France; Geelong, Australia; Topolobampo, Mexico and Charleston, S.C., U.S.A.
The dry bulk, liquid and ammonia distribution systems of Koch Fertilizer, LLC and its affiliates are global and include marketing and distribution capabilities worldwide. Marketing offices are located in Wichita, Kansas; Brandon, Manitoba; Cayman Islands; Geneva, Switzerland; Marlborough, U.K.; Paris, France; Singapore and Melbourne, Australia.
“We believe our terminal distribution system is one of the largest and most diverse of its kind in the world.” said Steve Packebush, president of Koch Fertilizer, LLC.
Koch Fertilizer, LLC and its affiliates produce, distribute and globally market nitrogen fertilizers, including anhydrous ammonia, urea, nitric acid, UAN solutions, ammonium nitrate solution, ammonium polyphosphate and ammonium thiosulfate. The companies’ fertilizer interests have the capability of producing more than 10 million metric tons of fertlizer products annually. Koch Fertilizer, LLC is an indirect, wholly-owned subsidiary of Koch Industries, Inc. (www.kochind.com), one of the largest private companies in America.