Press release
Q1 2017 Trading Update
16 May 2017 07:00 CEST
Company Name
OCI
ISIN
NL0010558797
Highlights
- Own-produced volumes sold increased 12.0% in Q1 2017 compared to the same quarter last year
- Egypt urea utilization rate c.100% during the first quarter of 2017 and in April
- Expect EBIC to regain access to its export jetty by June 2017
- Realized selling prices up from the fourth quarter, on average lower than in first quarter last year
- Net debt stood at $4.3 billion as of 31 March 2017
- Iowa Fertilizer Company commenced production and sales in April 2017
- Natgasoline 81.1% complete as at 31 March 2017, expect commercial production in Q4 2017
- Board has approved refurbishment of second methanol production line at BioMCN