"India, with its fast growing economy, has become the main market for NPS fertilizer produced by Petrokimia Gresik," the company's President Director Rahmad Pribadi noted in a statement here on Wednesday.
Pribadi remarked that in 2019, the company had exported the product in seven batches comprising 27.5 thousand tons in March; 26.3 thousand tons in April; 27 thousand tons in May; 27.1 thousand tons in August; 27.3 thousand tons in October; 27.5 thousand tons in November; and 26 thousand tons in December.
"To date, the company is implementing the program of Petrokimia Gresik Business Transformation (TBPG) to transform itself to become a solution in the agroindustry and at the same time strengthen its position in the commercial sector to anticipate the changes in fertilizer subsidy," Pribadi pointed out.
He explained that exports to India were also aimed at strengthening the company's commercial market.
"To improve its position in India's captive market, in November 2019, Petrokimia Gresik had signed a memorandum of understanding with Gujarat State Fertilizers and Chemical to export 200 thousand tons of NPS fertilizer in 2020," he remarked.
In addition to NPS, in 2019, the company had exported 133 thousand tons of urea and 800 tons of ZK fertilizer. The total fertilizer export to India had reached 323 thousand tons during the year.
"To expand exports, Petrokimia Gresik has actively explored potential cooperation with buyers in other countries, especially in Asia and Africa," Pribadi noted.
Petrokimia Gresik has a production capacity of 8.9 million tons of fertilizer and non-fertilizer products.
Pribadi made assurance that exports will only be conducted after the company can meet the government's subsidized fertilizer allocation in a bid to support national food resilience. Related news: Jokowi upbeat about Indonesia exporting petrochemical products
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