November 8 (SeeNews) - Croatian fertiliser producer Petrokemija [ZSE:PTKM] said on Monday that all of its production plants are operating again after shutdowns caused by technical problems and a rise in the prices of natural gas and carbon dioxide emissions.
“Ammonia production plant as well as all other mineral fertiliser production plants have resumed operation following shutdown in September and October caused by a technical failure, and extended downtime for the purpose of optimising and aligning business activities with the conditions on the gas market and high prices of gas and CO2 in Europe,” the company said in a filing with the Zagreb bourse.
Petrokemija said on September 22 that it shut down its urea and ammonia production plants down due to a technical failure. On October 11, it said that the technical problem was fixed but production would not resume because of high energy prices.
“After successful restart of the production plants, operation has resumed according to plans,” it said in the statement.
The company's shares last traded on the Zagreb bourse on Friday, when they closed at 38.20 kuna ($5.9/5.1 euro), unchanged compared to the previous closing price, bourse data showed.
(1 euro=7.518 Croatian kuna)