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After several months of financial and production-related problems, Cinis, a Swedish producer of water-soluble potassium sulfate, announced on January 20 that it would file for bankruptcy. Cinis said on January 9 that it was in a \"financial difficulty,\" but has since failed to find lenders willing to provide short-term credit. Roger Johnson, chairman of Cinis, said, “The board has evaluated various feasible solutions and made significant efforts to find a way forward.” Unfortunately, due to time constraints, no consensus was reached. ”It is reported that Cinis obtains raw materials from the papermaking and automotive battery industries to produce potassium sulfate products. In May 2024, the company’s factory with an annual production capacity of 100,000 tons in Örnköldsvik, Sweden, came online ； In September of the same year, the first batch of products was delivered to the Dutch specialty fertilizer manufacturer Van Iperen. But since then, Cinis has been facing various challenges. In 2024, it failed to meet its production targets due to production disruptions and transportation issues ； In April 2025, the company sought financial support to increase production and upgrade its factory ； In October, the company abandoned its original production targets and applied for financial assistance again, eventually suspending production activities in November.