ANWIL temporarily halts production of nitrogenous fertilisers - reason:
sharp rise in natural gas prices in Europe.
Due to an unprecedented and record increase in natural
gas prices in Europe, ANWIL has decided to temporarily suspend production of
nitrogenous fertilisers. The company monitors the situation on the raw
materials market on an ongoing basis. As soon as macroeconomic conditions in
the gas market stabilise, production will resume.
Natural gas is the main raw material used in the
manufacture of nitrogenous fertilisers. Natural gas prices rose by 41% in one
week alone, from EUR 200.4/MWh (15.08) to EUR 282.8/MWh (23.08). In contrast,
since the start of the war in Ukraine, prices for this commodity have risen by
218%, from EUR 88.9/MWh (24.02).
For this reason, many European manufacturers in the
chemical industry, including fertilisers, such as Yara, OCI, Nitrogenmuvek and
Fertiberia have already decided firmly to introduce production restrictions.
ANWIL, as one of the few companies, has so far maintained continuity of
production and ensured the availability of the product on the market, despite
very difficult macroeconomic conditions. The company fulfilled all its current
contractual obligations for customers in the Polish market.
The current situation on the natural gas market is
exceptional, unpredictable and completely beyond ANWIL’s control.
During the shutdown of production lines, ANWIL will carry
out repair and investment work.