Loading…
Loading…
What they make, where they produce, the materials that matter — then what is coming, what it would do to the business, and the moves available. Sector: chemicals. Ownership re-checked 2026-10-07 — exposure claims not re-checked since fill. Company profile →
Tessenderlo Group is a Belgian speciality-chemicals and agro-industrial group listed on Euronext Brussels, with consolidated revenue of about EUR 2.8 billion in 2025, more than 7,000 employees and activity in over 100 countries. It runs five divisions: Agro (plant nutrition and crop protection, trading as Tessenderlo Kerley International), Bio-valorization (processing animal bio-residuals into gelatin, proteins and fats), Industrial Solutions (water-treatment chemicals and plastic pipe systems), Machines & Technologies, and T-Power, a single gas-fired power station in Belgium.
Despite the Euronext Brussels listing, control is concentrated: Oostiep Group bv (Luc Tack) holds 72.92% of voting rights as of 2026-07-31, with Manuco International nv (Patrick Steverlynck) holding a further 7.64%. The Agro division is the part with a genuine critical-material position. It is one of the world's largest suppliers of potassium sulphate (SOP) and the leader in *soluble* SOP, sold as SoluPotasse®, and it makes the thiosulfate liquid-fertiliser line — Thio-Sul (ammonium thiosulfate), KTS (potassium thiosulfate), CaTs (calcium thiosulfate) and K-Row 23. SOP is produced via the Mannheim process at Ham, Belgium, with a second European SOP plant in northern France; the thiosulfate line is made in the US at Defiance, Ohio, among other sites. In March 2026 Tessenderlo Kerley signed an asset-transfer agreement to acquire a further SOP plant from Cinis Fertilizer AB in Sweden.
Verbatim from the dossier's “What they do” section — sources on the company profile.
This is where Tessenderlo Group produces — approximate output shares from its dossier — not where it sells. Sales geography is not yet in our corpus for any company, so we cannot compute exposure to measures that bite on where products ship: an extraterritorial re-export rule follows the shipment and its material content, not the factory. Where such a measure touches its materials, the policy sections below flag it — but its sales-side incidence is not computable yet, and we say so rather than substitute the production map for it.
Of everything in its products, we track the critical inputs — the materials whose supply is concentrated in few countries, policy-exposed, or hard to substitute — because those are the ones a single measure can move. Each carries its role in the product, quoted from the dossier's own exposure note.
Potash — *bulk input, and the group's principal product*. Tessenderlo states that SoluPotasse® is made "via the Mannheim process" at Ham.
Sulfur — *bulk input*. Tessenderlo states it "upcycle[s] sulfur from local refineries.
The dossier also records the materials it investigated and rejected — the list above is narrowed deliberately, not cherry-picked. Its own words:
Scope. The non-critical remainder of the bill of materials — structural steel, polymers, glass and the like — is not tracked here because it is not supply-constrained: this section covers the constrained inputs, which is where policy risk concentrates, not a full bill of materials.
The top 1 are ranked mechanically — what the instrument does (its transmission class: an export ban is not a reporting duty), × how close to law (stage-derived likelihood band, never a probability) × how much of your tracked bill of materials it touches. Each unfolds as a chain: trigger → what it hits → the response the instrument actually calls for. A measure touching a material you produce can be an opportunity, not a threat.
CN · stage passed-vote → high likelihood · touches sulfur · flagged 25 Jul 2026, 75d pending
Effective 1 May 2026 China suspended exports of all ordinary industrial sulfuric acid — including the acid co-produced from copper/zinc smelting — with only electronic-grade high-purity acid still exportable under special approval; reporting attributes the measure to a joint Ministry of Commerce (MOFCOM) + General Administration of Customs (GACC) notice, expected to run through end-2026. Sulfuric acid is the indispensable leach/process input for copper hydrometallurgy (SX-EW), phosphate-fertilizer production, and battery-metal (nickel HPAL, lithium) processing, so a China export halt tightens a systemic upstream chokepoint hitting seaborne-acid buyers (Chile/Peru copper, Morocco/India phosphate, Indonesia nickel). This is a DISTINCT instrument from the already-filed 2025-12-12-china-ndrc-phosphate-fertilizer-export-suspension (finished-fertilizer export control) and 2026-03-31-russia-decree-350-sulphur-export-ban-extension (elemental sulphur, different country/product) — it controls the acid itself.
source ↗Sulfur — *bulk input*. Tessenderlo states it "upcycle[s] sulfur from local refineries.
China supplies 23% of world sulfur mining — that share of your supply base is what this measure cuts off.
Supply outside 🇨🇳 CN: 🇺🇸 US 17% · 🇷🇺 RU 15% · 🇸🇦 SA 15% · 🇦🇪 AE 12% — shares renormalised after removing CN.
2 of 11 filed an explicit in-force stage; the rest (flagged below) default from an absent stage: field, not a filed assertion. Each links to the register entry with its primary source.
For a material it buys, a restriction tightens supply and raises input cost — a headwind. For the 1 it produces, the same restriction supports pricing — a tailwind. Scores are footprint-adjusted and buyer-relative (0–100, higher = more exposed).
Its customers sit in manufacturing, petrochemicals. A measure supporting those sectors supports demand for this company's products; one restricting them puts that demand at risk. The sign shown is the mechanical read — click through to judge whether a measure protects or constrains the customer.
For each bought material: the ex-controller producers a procurement team can actually reach, from the alternatives map, viability-gated — each name carries its deployment status (with the verbatim dossier phrase it rests on), a capture check against the measure being escaped, and any contracted-capacity evidence. Deployable-now names sort first; a developer with zero tonnes is shown demoted, never dressed up as a switch you can make today. Tradability is inherited from the listing layer, never guessed.
This company sits on the supply side of potash. Restrictions by 🇨🇦 CA push buyers toward ex-CA producers — the strategy is to be visible where those buyers look: the potash chokepoint page and the watchlist.
lib/policy-transmission.ts): an export prohibition in the measure's name/text → supply restriction; a raw/unprocessed-export limit or local-processing mandate → beneficiation (form change, not unavailability); reporting/disclosure/due-diligence language → compliance obligation; tariff/trade-remedy language → import cost; subsidy/fast-track/relaxation language → support; investment-screening/M&A language → investment control. When the text carries no signal we fall back to the action-type default and label the chip inferred; when neither exists the card says so and derives no response — we never assert a class the evidence doesn't support.lib/iptm-material-country-production.ts; mining stage preferred, refining as fallback — the stage and source year are in each figure's hover text). Ex-issuer supply removes the ISSUING country and renormalises the remaining listed shares (so they sum to 100% of what's left) — alternatives to the country making the rule, never a default ex-China list. Where the issuer holds no measurable share, the card says so plainly instead of implying supply loss.lib/alternative-viability.ts): each named alternative carries a deployment status — operating / ramping / restarting / development / unknown — derived from word-boundary signal phrases in its own dossier (“operating since 1896”, “restarting the … mine”, “FID taken”), and the verbatim matched phrase is shown as the basis so the claim is auditable; a dossier with no signal stays unknown, never guessed. Any evidenced production date is quoted verbatim (“first production targeted H2 2029” → “no tonnes before 2029”) — we never synthesize one. A measure whose own text claims extraterritorial / re-export / de-minimis / foreign-direct-product / percentage-of-value scope triggers the origin-switching warning above the list: such a rule follows the material, not the seller, so a foreign-made alternative can still be captured. Same-issuer register actions targeting an alternative's country and material mark it may be captured, with the entries linked. “Capacity partly committed” lines quote the dossier verbatim — we hold no structured free-capacity numbers and never imply a utilisation figure.How MacroLens tracks this for you. The policy register files new measures daily and this page recomputes from it — the same chokepoints are monitored live on the watchlist and in the full register.