Market News

Recent Developments

New product launches

In October 2022, Austin Powder launched its new Extra Low Density Ammonium Nitrate (ELDN) solutions for safer and more efficient blasting in mining. The ultra-low density enhance blast performance in challenging geological conditions. Austin Powder is a global leader in the manufacturing of industrial explosives and accessories, as well as providing technical and blasting services.

Its mission is to improve the world through the safe and responsible use of explosives. With a history of 190 years in the business, Austin Powder has developed a wide variety of explosive products and initiation systems for industrial blasting operations.

In May 2021, Yara International launched YaraTera Kristalon Start for potatoes, a new generation nitrate-based fertilizer that delivers nutrients to crops quickly and efficiently. It improves nutrient use efficiency. Yara International ASA is a Norway-based.chemical company that specializes in the production, distribution, and sale of nitrogen-based mineral fertilizers and related industrial products. The company also offers phosphate and potash-based mineral fertilizers, as well as complex and specialty mineral fertilizer products. Yara International is committed to responsibly feeding the world and protecting the planet, and it aims to achieve a nature-positive food future through regenerative farming and sustainable practices. The company has a strong focus on diversity and inclusion, as well as reducing its greenhouse gas intensity. Yara International is dedicated to combining prosperity with purpose and is actively seeking ambitious individuals who are passionate about making a difference
In March 2020, URALCHEM launched new inhibited ammonium nitrate products under the FAN trademark in Russia. The corrosion inhibitors in FAN products prevent equipment damage during transportation and use. Uralchem Group is a Russia-based company that specializes in the manufacturing of a wide range of chemical products including mineral fertilizers and ammonium nitrate. It is the largest producer of ammonium nitrate and the second largest producer of ammonia and nitrogen. The company has a global presence, supplying its products to CIS countries, Eastern Europe, Asia pacific , Africa, and Latin America. uralchem was founded in 2007. The company has been annually included in the top 200 largest private companies in Russia since 2010. uralchem is known for its expansion and strategic partnerships, such as its plans to acquire a minimum 50 percent stake in Chemplex, the state phosphorus fertilizer producer, and its cooperation with Zambia and Angola to build a urea plant.

Acquisition and partnerships

In September 2022, Dyno Nobel completed the acquisition of Austin Powder's Peru business to expand its explosives market share in Peru and Latin America

Dyno Nobel is a manufacturer of explosives and a wholly owned subsidiary of Incitec Pivot Limited. The company operates globally, with a presence in Australia, Canada, the United States, Africa, Indonesia, Mexico, South America, Papua New Guinea, and Turkey. Dyno Nobel is known for its commercial explosives and offers products such as the Ranger Electronic Initiation System and the Differential Energy™ blasting system. The company is committed to optimizing blasting processes and prioritizes safety as a core value.

Austin Powder is a company that is dedicated to the safe and responsible use of explosives.

They are known for their expertise in industrial explosives, initiation systems for blasting operations, and the implementation of the latest technologies for blasting works. Safety is a top priority for Austin Powder, and they provide technical and blasting services globally.

In January 2022, Vijay Gas Industry entered into a strategic partnership with SmartChem Technologies to set up ammonium nitrate production plants across India

Vijay Gas Industry is a leading manufacturer and exporter of ammonia, nitric acid, and hydrochloric acid. The company is based in Mumbai, India. They offer a range of chemical products and manufacturing services, catering to various industries and applications.

Smartchem Technologies Limited (STL) is a subsidiary of Deepak Fertilisers and Petrochemicals Corporation Limited, a publicly listed Indian conglomerate. STL is a leading manufacturer of NPK and specialty fertilizers in India, offering a wide range of high-quality NPK, specialty, and water-soluble fertilizers under its flagship brand Mahadhan. The company also produces technical ammonium nitrate and is involved in mining services and consulting

In June 2021, Orica acquired a 60% stake in Bhagiradha Chemicals & Industries Limited to enter the ammonium nitrate market in India.

Orica Limited is an Australian-based multinational corporation and one of the world's largest providers of commercial explosives and blasting systems to the mining, quarrying, oil and gas, and construction markets. The company also offers digital solutions and services related to mining and construction .

Bhagiradha Chemicals & Industries Limited is an Indian-based company that specializes in the manufacturing of agrochemical products, including insecticides and herbicides