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Toyo Engineering wins fertilizer plant contract in India

MUMBAI -- Toyo Engineering is building what would be one of the world's largest fertilizer plants in India as the country moves to boost its self-sufficiency in the material to stabilize agricultural output for continued economic growth.

     The Japanese company won a roughly 70 billion yen ($626 million) turnkey contract from Chambal Fertilisers and Chemicals for a new plant in the northern state of Rajasthan. The facility will have a daily capacity of 4,000 tons of urea, a key agricultural fertilizer, and could come online as early as 2019.

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