AXcess News: Environmental Pressure Grows on Nitrogen Fertilizer Makers While Alternative Producer Sees Boom in Sales
December 10 2009 - 5:50AM
Marketwired
Greenhouse gas isn't the only enemy of environmentalists. N20, or
nitrous oxide, is getting a closer look by the USDA in finding out
how farming affects emissions. Yet Reno-based Itronics (PINKSHEETS:
ITRO) is seeing a real boom in sales, thanks to its environmentally
friendly family of GOLD'n GRO liquid fertilizers.
Itronics operates the only EPA-approved plant in the nation for
processing photochemical waste in the manufacture of its line of
environmentally friendly family of liquid fertilizers.
The Company said on Tuesday that fourth quarter sales would grow
100% over the same period last year and indicated that in 2010
Itronics expects to report like volume increases.
Dr. John Whitney, Itronics President, explained that the
Company's family of "green fertilizers" was seeing increasing
demand while at the same time saving farmers money, "because of
their excellent results in the field," explained Whitney.
So far Whitney's GOLD'n GRO line of 'green fertilizers' have
been able to stand on their own after years of market development
without taking into consideration the pressure environmentalists
were placing on Washington to 'clean up the environment.' Yet
farmers only look at two things when ordering -- results, as
Whitney explained -- and cost. With nitrogen fertilizer costs
having risen farmers have looked for alternatives which puts
Itronics in the driver's seat as savings can be substantial,
depending on the crop application GOLD'n GRO is used for.
Now, Itronics is getting bullish on its growth in forecasting
strong demand for its GOLD'n GRO line of liquid fertilizers.
"Doubling of fourth quarter sales indicates the effectiveness of
our fertilizer," said Whitney. "We expect this trend to continue in
2010."
Itronics recently announced that it had secured financing for
its raw materials in manufacturing GOLD'n GRO fertilizers, putting
the Company ahead of the game as sales rise.
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