IMC Global Enters New Line of Business With Initial Production of Food-Quality Salt
"The start up of Hersey's new salt production facility marks the Company's entry into the food-quality salt business," said John U. Huber, president of IMC Kalium. "The operation is designed to eventually produce 600,000 tons annually. In addition, the site has expansion capabilities that could raise yearly salt output to 1.2 million tons."
The start up of salt production coincides with the completion of a $60 million expansion at Hersey. The expansion increases Hersey's output of high- value white potash from 50,000 to 160,000 tons annually. The potash is used primarily in agricultural and industrial applications.
"The decision to expand Hersey's potash operation provided an ideal opportunity to add salt production capabilities," explained Huber. "Salt is a natural co-product of potash processing. The salt from Hersey, however, is extremely pure and meets food-quality standards."
IMC Kalium's salt production process utilizes technological advances that make Hersey one of the lowest-cost salt producers in the United States, noted William H. Ayers, general manager, Salt Operations. "The facility also has bagging capacity for 240,000 tons of product and a 50,000 square foot warehouse."
Major customer groups for Hersey's salt include: food manufacturers, retail grocers, agricultural, chemical and water conditioning dealers. Sales will occur primarily in the Great Lakes region of the Midwest.
IMC Global is one of the world's leading producers and marketers of phosphate and potash crop nutrients and animal feed ingredients. The Company also produces and markets food-grade salt, and is one of the nation's leading distributors of crop nutrients, including nitrogen, and related products through its FARMARKET(R) and Rainbow(R) distribution networks. Additionally, it sells potash and other products to industrial users, produces sulphur and oil through joint venture operations, and sells lawn and garden products under its IMC Vigoro(R) brand name.
SOURCE IMC Global Inc.
/CONTACT: Investors, David A. Prichard, 847-205-4843, or News Media, Thomas C. Pasztor, 847-205-4801, both of IMC Global/
/IMC Global's press releases available through Company News On-Call by fax, 800-758-5804, ext. 433650, or at http://www.prnewswire.com/
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CO: IMC Global Inc.; IMC Kalium ST: Illinois IN: AGR CHM SU: PDT
JC-JS -- CLF013 -- 4956 08/08/97 11:12 EDT http://www.prnewswire.com
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|Date:||Aug 8, 1997|
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