Tessenderlo Group and TETRA Chemicals join forces in the calcium chloride market
On September 22nd 2014, Tessenderlo Group and TETRA Chemicals Europe AB (a subsidiary of TETRA Technologies, Inc.) signed a long term agreement with regard to the production and marketing of calcium chloride. Tessenderlo Group will build a new calcium chloride production plant on its site in Ham, Belgium and TETRA Chemicals will market the product. The agreement will allow both parties to strengthen their respective global positions as market leaders in calcium chloride (TETRA Chemicals) and potassium sulphate (Tessenderlo Group).
As a result of the agreement that was concluded between Tessenderlo Group and TETRA Chemicals, Tessenderlo Group will invest in the construction of a new calcium chloride plant in Ham. The new production plant, which will be fully owned by Tessenderlo Group, is scheduled to be operational in the third quarter of 2015. The new plant will process part of the hydrochloric acid from the sulphate plant into calcium chloride.
This strategically important investment confirms Tessenderlo Group’s commitment in the Belgian plant and in the development of its potassium sulphate business. With this investment, Tessenderlo Group will be in a better position to take advantage of the growing market demand for potassium sulphate, especially from the agricultural sector that applies increasingly intensive farming methods.
TETRA Chemicals, a global leader in the production and marketing of calcium chloride, has a well-developed logistics network, which makes it the ideal partner for Tessenderlo Group for the marketing of the new source of calcium chloride. The company has an established global market position as well as an extensive knowledge of the markets for calcium chloride .
Through this agreement, TETRA Chemicals will gain access to a much greater volume of calcium chloride in the heart of Europe, allowing to better develop the Central European market.
About TETRA Chemicals
TETRA Chemicals is a leading worldwide producer and marketer of calcium chloride and bromine-based clear brine fluids (CBFs), with a platform of 10 manufacturing plants across North America and in Europe. TETRA Chemicals has similar calcium chloride marketing agreements with other producers in Europe and the United States. TETRA Chemicals supplies calcium chloride to Oil & Gas and other markets across the globe. TETRA Chemicals is a division of TETRA Technologies, Inc., whose stock is traded on the NYSE.
About Tessenderlo Group
Tessenderlo Group is a worldwide specialty company, focused on food, agriculture, water management and on valorizing bio-residuals. The group employs about 5,200 people and is a leader in most of its markets, with a consolidated revenue of 2,1 million EUR in 2013. Tessenderlo Chemie NV stock is listed on NYSE Eurolist by Euronext Brussels and is part of Next 150 and BEL mid indices. Financial News wires: Bloomberg: TESB BB – Reuters: TesBt.Br – Datastream: B:Tes
For further information
TETRA Chemicals | Lars-Olof Garpvall | Managing Director
Tel. +46 42 453 27 78 | lgarpvall@tetrachemicals.com | www.tetrachemicalseurope.com
Tessenderlo Group | Lars Vervoort | Corporate & External Communications
Tel. +32 2 639 16 74 | lars.vervoort@tessenderlo.com |www.tessenderlo.com
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