By Dominic Chopping

Norwegian fertilizer producer Yara ASA (YAR.OS) said Friday it will invest SEK1.75 billion to sustain and increase capacity at its Koping site in Sweden.

The investment includes the construction of a new nitric acid plant replacing an existing plant which is approaching the end of its operating life.

The total technical ammonium nitrate capacity after the upgrade will reach about 450 kilotons per annum.

Construction will start in 2015, with completion expected in second half 2017.

-Write to Dominic Chopping at dominic.chopping@wsj.com; Twitter: @WSJNordics

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