Tessenderlo Group

Chemical
BB, Euronext: TESB
Belgium

kathleen.iwens@tessenderlo.com

“Tessenderlo is one of the world's largest producers of SOP, which is mostly used to fertilise arid land and is an important nutrient for Iran's fruit and vegetable agriculture.” (Reuters)

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Under "Worldwide Locations," the Tessenderlo website lists multiple subsidary and partner companies located in the U.S. These include Tessenderlo Kerley Inc., Tessenderlo Kerley Refinery Services, Tessenderlo Kerley Research and Development, Tessenderlo Kerley Services Inc., Jupiter Sulphur, LLC, MPR Services Inc, NovaSource®, PB Leiner USA, and TKI Process Chemical Solutions 

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"Belgian chemical firm Tessenderlo will ship fertiliser to Iran within weeks as the easing of Western financial sanctions has helped Tehran complete its first potash tender purchase in two years…In September, Iran's Agricultural Support Services Company (ASSC) issued a tender to buy 60,000 tonnes of potassium sulphate, its first for two years, according to its website. A Tessenderlo spokeswoman said the chemical producer won the tender and expected to deliver the first of two cargoes by the end of this month. Unifert, a Lebanese fertiliser trading firm with offices in Europe, Iran and across the Arab world, is executing the physical and financial transactions, sources close to the deal said. Though the tender was issued before the November political agreement, sources said that an improvement in ties after Rouhani's election in August had raised optimism. The easing of restrictions on Iran's banking system will facilitate trade and encourage future transactions, they said. ‘It is now easier and more workable on the banking side to seal deals now,’ a European trading source said. The fertiliser was priced at around 548 euros ($746) a tonne, including freight and insurance, market sources said.’ The tender was issued two or three months before the deal, so the demand was there anyway. However, the political environment makes it easier. It was the difficulties the Iranians had making transfers in hard currency that had restricted trade before,’ a source close to the deal said…Tessenderlo is one of the world's largest producers of SOP, which is mostly used to fertilise arid land and is an important nutrient for Iran's fruit and vegetable agriculture." (Reuters, “Belgian firm sells fertiliser to Iran as sanctions ease,” 1/17/14)