Tessenderlo Group (NYSE Euronext:TESB) announced today that its subsidiary Tessenderlo Kerley, Inc. (TKI) will construct a production facility at Hanford, California (US) and, at the same time, optimize its Fresno, California facility. Both plants will produce thiosulfate fertilizers.
"This expansion allows TKI to better serve its customers' increasing requirements in the Western region of the US", stated TKI's CEO Jordan Burns. "The extra production capacity, available in the second half of 2014, will enforce TKI's position as the leading supplier of KTS® and CaTs® fertilizers."
The thiosulfate products KTS® (potassium thiosulfate solution) and CaTs® (calcium thiosulfate solution) are sulfur-based liquid specialty fertilizers that can be applied to a wide variety of crops such as grapes, nuts and vegetables.
The new Hanford facility and optimized Fresno plant are in line with Tessenderlo Group's intentions to develop its core businesses in agriculture.
Tessenderlo Kerley, Inc. headquartered in Phoenix, Arizona (US), produces and markets specialty chemical solutions, including fertilizers, crop protection chemicals and process chemicals and services to diverse markets in the United States, Mexico, Central and South America and selected European countries. TKI operates 10 manufacturing plants, in North America, Belgium, and Turkey. TKI products are distributed through its network of more than 65 terminals.. (www.tkinet.com) TKI is a subsidiary of Tessenderlo Group, Brussels, Belgium.
Tessenderlo Group is a worldwide specialty company, focused on food, agriculture, water management and on valorizing bio-residuals. The group employs about 7,500 people and is a leader in most of its markets, with a consolidated revenue of 2.1 billion EUR in 2011. Tessenderlo Chemie NV is listed on Eurolist by Euronext Brussels and is part of Next 150 and BEL Mid indices. Financial News wires: Bloomberg: TESB BB - Reuters: TesBt.BR - Datastream: B:Tes
