Amid the urea oversupply that resulted in the commodity's low price in the international market, the company is still able to export urea overseas.Gresik, E Java (ANTARA) - The state-owned fertilizer maker PT Petrokimia Gresik will export 45 tons urea to India on the second week of August, the President Director, Rahmad Pribadi, stated here Thursday. The export marked the company's achievement in maintaining the urea business and remaining competitive although the commodity's price has been falling for the past few years in the world market, Pribadi noted.
"Amid the urea oversupply that resulted in the commodity's low price in the international market, the company is still able to export urea overseas," he stated, adding that the company exported not only to India, but also to Sri Lanka, China, and the Philippines.
Following the export to India, the company's export figures would reach 202 thousand tons of urea, 80.8 thousand tons of NPS fertilizer, and 3.35 thousand tons of ZK fertilizer.
After the company's Amoniak-Urea II plant went operational in 2018, the fertilizer maker was able to double the production of urea from 460 thousand tons to a million tons per year.
PT Petrokimia Gresik is a subsidiary of the state-owned PT Pupuk Indonesia that focused on producing inorganic fertilizers such as urea, ZA, SP-36, Phonska, DAP, NPK, ZK, Petroganic, KCL, Rock Phosphate, and TSP.
Translator: A Malik Ibrahim/Genta Tenri Ma
Editor: Bambang Purwanto
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