Chemical technology company Calix (ASX: CXL) has signed up one of Europe’s largest suppliers of sulphur-based fertilisers as exclusive distributor for its magnesium hydroxiide.
The company’s BOOSTER-Mag bioactiive magnesium hydroxide for agriculture will be distributed in Europe, Africa and the Middle East by Spanish fertiliser manufacturer, Afepasa.
The 10-year agreement is subject to performance hurdles which will see minimum sales rise from 100kl in the first year, to 400kl in year five.
BOOSTER-Mag, one of a suite of sustainable chemicals for various industry sectors developed by Calix, will continue to be manufactured in Queensland and Victoria.
Read The Article at the AU Manufacturing Forum