By Jonathan Dyson
Perus Inkabor, one of the worlds leading borates producers, is significantly increasing its product range as it capitalises on growing demand in several key sectors, senior managers told IM.
Speaking at its Rio Seco boric acid and borax plant in Arequipa, southern Peru, Flavio Magheri, Inkabor managing director, said that Inkabors sales grew by 15% in 2011, with 10% growth forecast for 2012.
Furthermore, while demand is growing steadily for LCD screens and solar panels, the company added that it is also seeing an increase in demand from agriculture. Farmers are more and more aware of borons benefits.
Magheri said that four years ago, around 25% of the companys sales came from the agricultural division, with 75% from the industrial division, but that this is forecast to be split 40:60 by the end of 2012 and 50:50...