Azomureş Târgu-Mureş (AZO), leader of Romania's chemicalfertiliser market, is likely to significantly boost its marketshare domestically if businessman Ioan Niculae, owner of Interagro,does not change his mind about closing all the chemical plants heowns in Romania.
Two Turkish-controlled firms, Eurofert Investments and AzomureşHoldings, own 76% in the company's shares.
Until recently, Azomureş and Interagro almost equally shared 80%of the domestic fertiliser market revolving around 1 million tonnesannually, while the rest was covered by imports, particularly fromUkraine, which benefits from a low price of natural gas. Thedomestic fertiliser market is worth between 250 and 300m euros,taking into account an average price of 250-300 euros/tonne.
Azomureş management in early 2009 said it profited from Petrom'sclosing down Doljchim Craiova chemical plant, one of its mainrivals, which boosted Azomureş sales by 85% domestically, and thatit would further battle with Interagro group, the second largestplayer on Romania's chemical fertiliser market.
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