Shree Pushkar Chemicals & Fertilizers Limited Introduced Mixed Fertilizers

India: Shree Pushkar Chemicals & Fertilizers (SPCF), a Maharashtra based manufacturer of dyes and dyes intermediates, recently launched new mixed fertilizer under a tie up with a major North Indian chemical manufacturer, that is, DCM Shriram. Shree Pushkar Chemicals has obtained license for the production of the mixed fertilizer consisting of nitrogen, phosphorus and potassium (NPK) in Maharashtra. The new fertilizer would be marketed under the brand name “Shriram Urja Mix”. The mixed fertilizer would be manufactured at the existing soil conditioner granulation plant in Lote Parshuram and has an installed capacity to manufacture 20,000 tonnes of mixed fertilizers annually. SPCF also has marketing tie ups with DCM Shriram and Shivam Chemicals for its fertilizers and cattle feed business. The company is also focusing on expansion of its dyes and dye intermediates business in order to cater to new dyestuff plant.

TechSci Research depicts the company is focusing on expansion of its fertilizer business, which would further improve its product portfolio as well market presence in the Indian fertilizers market.

According to TechSci Research report, “Iran Fertilizers Market Forecast and Opportunities, 2020”, the fertilizer market in Iran is projected to grow at a CAGR of over 3.5% during 2015 - 2020 due to increasing need for improving the yield of available arable land in the country. The market is dominated by nitrogen fertilizers with urea and ammonium nitrate being the largest consumed fertilizers.