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SANTIAGO -(Dow Jones)- Sociedad Quimica y Minera de Chile SA (SQM, SQM-B.SN), one of the world's major fertilizer and specialty-chemical producers, noticed its second quarter net profit leap 25.9% to $ 132.two million, the business explained Tuesday. A expanding world population, which strain resources such as arable land and h2o availability, have fueled need for fertilizer and specialty-chemical merchandise, retaining costs company. "The steady desire progress and restricted industry circumstances in 3 of our business lines helped improve benefits during the 2nd quarter, and we count on these marketplace conditions really should continue in the 2nd 50 percent of the 12 months," explained SQM's chief executive officer, Patricio Contesse. Need for SQM's fertilizer, iodine and lithium items remained robust throughout the second quarter, he stated. Revenues elevated fifteen.7% in the second quarter to $ 551.7 million. SQM is ramping up annual potash production to two million metric tons in 2013, from an estimated creation of one.seven million tons this 12 months. The organization is strengthening its fertilizer, iodine and lithium company lines, with a $ 750 million expense plan for natural and organic growth through 2012. Even with uncertainties relating to the global economy's wellness, "the underlying fundamentals in all of our corporations continue to be strong, and we are optimistic about the remaining months of the yr," said Contesse. SQM expects to see revenue of a lot more than $ 2 billion this yr, in comparison with $ 1.83 billion in 2010, the company's chief running officer, Patricio de Solminihac, believed previously this 12 months. Copyright &duplicate 2011 Dow Jones Newswires