Istanbul Gübre Sanayii AŞ (İGSAŞ), which closed 2020 with a turnover of 3.3 billion liras, started working to commission the Black Sea investment with a budget of approximately 50 million dollars.
Istanbul Gübre Sanayii AŞ (İGSAŞ), which closed last year with a turnover of 3.3 billion liras, continues its investments. While preparing to close 2021 with 30 percent growth, it started working to commission the Black Sea investment with a budget of approximately 50 million dollars on 30 acres of land in Samsun. İlkay Ünal, General Manager of İGSAŞ, explained that they have invested in Samsun with a capacity of 100 thousand tons for the production of Organomineral fertilizer, which is not included in İGSAŞ's production items, and 100 thousand tons for the production of Granular Sulphate, which is also not included in the portfolio, and said, “These investments will be realized in the second quarter of 2023. Last week, we purchased a place in Antalya, where we will have a warehouse area with a capacity of 100 thousand tons and a special fertilizer factory. Therefore, both our production facilities and warehouses were rented in Antalya. Now we will be moving to our new location. In 2022, this operation will be completed."
“Total ongoing investments exceeded 200 million dollars”
Explaining that they are also working on an investment project in urea fertilizer, Ünal said, “We have also established our İGSAŞ Agricultural company. We will also have new investments on this side. Again, and most importantly for us, as you know, we want to remove our country from the position of net importer in urea fertilizer, of which we are the sole producer in Turkey. In this sense, we have established a working team, and work is underway for an investment project in urea fertilizer. We attach great importance to this investment because Turkey uses 3.4 million tons of urea fertilizer annually, but only 500 thousand tons of this can be produced in our country and only at İGSAŞ. An investment in this field will have a very high added value for our country."
“Our aim is to create a good and strong domestic alternative to imports”
Pointing out that the total amount of ongoing investments, excluding urea fertilizer, exceeds 200 million dollars, Ünal said, “We are making these investments with our own capital. Our aim is to create a good and strong domestic alternative to imports in the fertilizer sector."
20 percent of production to industry
Reminding that İGSAŞ supplies 80 percent of its production to the agricultural sector and 20 percent to the industrial sector, Ünal said, “Our product range is over 100. With new investments, we will be increasing both our product range and our alternative to imported products."
The importance of soil analysis has increased
İlkay Ünal, General Manager of İGSAŞ, reminded that a period of increasing prices and decreasing fertilizer consumption has been entered and said, “In such a situation, soil analysis becomes even more important for yield. As İGSAŞ, we continue the smart soil analysis we started in 2015. YLDZ LAB, our laboratory company established within Ki Holding, has now turned into an accredited laboratory. Here, we performed soil analysis for our farmers for a long time for free and within the scope of social responsibility, and we continue to do so from time to time." To date, we have carried out studies on 50 thousand decares of land." Ünal noted that this year they are also continuing special activities for the 50th anniversary. İGSAŞ also came together with more than 200 dealers in Antalya last weekend for its 50th anniversary.
