By Jonathan Dyson
Peru’s Inkabor, one of the world’s 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 Inkabor’s 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 boron’s benefits.”
Magheri said that four years ago, around 25% of the company’s 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...