MOSCOW, Aug 16 (PRIME) -- Russian fertilizer producer Acron has almost quadrupled capital expenditures on the Talitsky GOK ore-dressing plant to U.S. $222 million from $60 million, the company said in a statement on Monday.
"Group Acron is… spurring up the construction of Talitsky potassium ore-dressing plant in the Perm Region. Capital expenditures for 2021 and 2022 was raised to $222 million from $60 million," the company said.
Chairman of the Board of Directors Alexander Popov earlier estimated the remaining investment in the project at $1.3 billion, including $700 million before the launch, and that the first product could be made in 2025.
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