The company’s loss dropped to RON28 million in 2020, from RON96 million in 2019, and staff numbers fell slightly to 1,054.
For 2021, Azomures targets a turnover of nearly RON2 billion.
Azomures is carrying out investment projects to enhance energy efficiency.
“We are carrying out energy efficiency projects in order to achieve the Green Deal objectives. The projects are aimed at obtaining new products and upgrading some fertilizer manufacturing installations”, per representatives of Azomures, which is also the largest natural gas consumer in Romania, with nearly 10% of the natural gas quantity produced in Romania.
The company’s investment budget for 2021 is RON77.6 million.
Azomures is one of Romania’s leading producers of mineral fertilizers used in agriculture, with an annual production capacity of 1.8 million tons, of which 70% is intended for local farms.
Azomures chemical plant is held by Swiss giant Ameropa, and its production platform is located in the western part of Targu Mures town, covering 100 hectares.
Ameropa Group also holds the company Chimpex based in Constanta, one of the largest seaport operators for grain and solid chemical products, with a storage capacity of approximately 600,000 tons.