Mosaic opens $84 mn fertiliser plant in Brazil's Matopiba
The plant increases blending capacity and expands Mosaic's presence in the fast-growing northern region of Brazil. With a capacity to process 1 million tonnes of fertilizer annually, and approximately 500,000 tonnes in 2025, the Palmeirante facility will be a key contributor to Mosaic's ambitious growth plans in Brazil. Distribution sales are expected to grow from less than 8 million tonnes in 2024 to 13-14 million tonnes by the end of the decade.
The $84 million investment in the Palmeirante facility has been completed on time and within budget. The facility is expected to earn a margin of $30-$40 per tonne-generating an anticipated internal rate of return in excess of 20 percent and demonstrating the company's commitment to capital allocation execution and reallocation in pursuit of strong shareholder returns.
"The inauguration of our new plant in Palmeirante represents meaningful progress for Mosaic," said Executive Vice President, Commercial Jenny Wang. "Brazil is an agricultural powerhouse, and Mosaic has been a leader in the market for many years. We are providing farmers in the MATOPIBA region with more efficient access to the fertilizers they need and expanding Mosaic's presence in a key growing region."
The facility includes significant warehouse capacity, automated blending and bagging systems, and a direct rail connection to the port of Itaqui-reducing logistics costs and providing state-of-the-art quality control technology. Note: The headline, insights, and image of this press release may have been refined by the Fibre2Fashion staff; the rest of the content remains unchanged.
Mosaic has opened a new $84 million fertiliser plant in Palmeirante, Brazil, boosting its presence in the growing Matopiba region. With a 1 million-tonne annual capacity and expected 2025 output of 500K tonnes, the facility supports Mosaic's target to grow Brazil distribution to 13â€'14 million tonnes by 2030. It offers automated systems, warehouse space, and rail access to Itaqui port.
ALCHEMPro News Desk (HU)
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