Romanian company Norofert launches fertisiler production line in Brasil

   Norofert, a producer of organic inputs and supplier of biotechnology for agriculture, listed on the AeRO market of the Bucharest Stock Exchange, has officially launched a fertiliser production line in Chapeco - Brazil.According to a press release the company sent on Tuesday, the project to access the Brazilian market began in August 2023, and the company Norofert Brasil LTDA was established in 2024 in partnership with the Engenutri Group, with equal participation alongside Norofert S.A.The construction of the production line took approximately one year, and the investment value is half a million euros, financed equally by both partners.According to the same source, the new production facility, with a capacity of 15,000 litres per day, represents an important step towards the internationalisation of Norofert's business model, being built according to the same technological concept implemented in South Dakota, USA.The production line will use bacteria produced in the research laboratory in Filipestii de Padure (Romania), a centre of excellence for agricultural biotechnology and the core of the company's research activities."We want Norofert to become an ambassador of Romanian innovation in international agriculture, in partnership with the capital market. For Romanian companies that invest and grow, especially in difficult times, investments offer the opportunity to accelerate development and consolidate competitive advantages. The official launch of the Norofert production line in Brazil represents a success for a Romanian company in one of the largest and most dynamic agricultural markets in the world. It is proof of our ability to adapt and scale business models in different economic and geographical contexts. Brazil offers us vast opportunities, with more than 96 million hectares of arable land and a growing demand for products based on microorganisms and innovative plant nutrition solutions," said the Chairman of the Norofert Board of Directors, Vlad Popescu, in the abovementioned press release.Under the Norofert brand, 16 products were approved in the first stage, adapted to local corn, soybean, wheat, sugarcane and coffee crops.In the next three years, the two production units in Brazil and the USA could generate up to 40% of the consolidated turnover.Norofert is a company active in the field of research for regenerative agriculture and a producer of inputs in Romania, founded in 2000 by the Popescu family. Since 2020, the company has been listed on the Bucharest Stock Exchange on the AeRO market and since October 2021, Norofert shares have been included in the BETAeRO index.