CNS Canada — After clearing their regulatory hurdles, Canada’s Agrium and PotashCorp merged at the start of 2018 to become the world’s largest fertilizer company, Nutrien. The partner companies had made various promises at the time and many in Western Canada were cautious, hoping for the best but not fully knowing what to expect. A […] Read more
Tag Archives nutrien
Nutrien merger’s effects ongoing a year later
Nutrien eyeing expansion of nitrogen plants
CEO Chuck Magro says building up existing assets is the most cost-effective way to capitalize on rising prices
Reuters – Nutrien, the world’s biggest crop nutrient producer by capacity, is looking at expanding several nitrogen fertilizer plants in North America due to rising prices, chief executive officer Chuck Magro said last month. Nitrogen prices have climbed as China’s shutdown of coal-fired plants and rising European costs of natural gas, a key ingredient in […] Read more
Chinese firm buys stake in miner SQM from Nutrien
Santiago | Reuters — China’s Tianqi Lithium Corp. has bought a 23.77 per cent share in Chilean miner SQM from Canadian fertilizer giant Nutrien, the Chilean stock exchange said on Monday, for a total sale price of US$4.066 billion. The sale to Tianqi comes as Chinese companies increasingly scour the globe for the raw materials […] Read more
Fertilizer maker Nutrien’s profit beats on strong potash demand
Reuters – Canadian fertilizer and farm supplies dealer Nutrien Ltd reported a better-than-expected quarterly profit and raised its full-year adjusted profit forecast, driven by strong demand for its potash fertilizers. The world’s largest fertilizer company by capacity raised its full-year adjusted profit forecast to the range of $2.60-$2.80 per share, from its prior estimate of […] Read more
Nutrien steers potash recovery as BHP waits in wings
Winnipeg/London | Reuters — Canada’s Nutrien, the world’s biggest potash miner by capacity, has helped engineer a surprising price rebound for the fertilizer by idling capacity. Now the trick will be keeping prices from appreciating too much to ensure a major would-be competitor, BHP Billiton, stays on the sidelines. BHP has been weighing an entry […] Read more
CPS outlets to take merged parent’s name
A well-known and unusually literal brand in Canadian and U.S. agribusiness is set to disappear this summer under the name of its new parent firm. Crop input retail stores and facilities run by Crop Production Services (CPS) — the brand today used across North America by the retail arm of the company formerly known as […] Read more
Nutrien sees demand growth cooling, margins shrinking
Reuters — Nutrien, the Canadian fertilizer and farm supply dealer created from the merger of Agrium and PotashCorp this year, said it expected demand growth for potash in China and India to cool down in 2018. Nutrien, the world’s biggest fertilizer company by capacity, also said higher input costs would shrink nitrogen and phosphate margins. […] Read more
Agrium, Potash Corp merger shouldn’t have much of an impact yet
CNS Canada – Farmers shouldn’t be too concerned yet that the recent Agrium, Potash Corp of Saskatchewan merger will cause an increase in the price of fertilizer, at least according to the president of one provincial producer group. “(The merger is) a hard one to find a whole bunch of negatives or positives about it. […] Read more
Fertilizer producer Nutrien to keep Saskatchewan base, says Wall
Winnipeg | Reuters – Nutrien Ltd, the fertilizer company formed this week by a merger of Potash Corp of Saskatchewan and Agrium, has committed to establishing its head office in the Canadian province of Saskatchewan and increasing corporate office jobs there, Saskatchewan premier Brad Wall said on Thursday. Wall said that in recent meetings, Nutrien’s […] Read more
PotashCorp, Agrium get last blessing for Jan. 1 wedding
Two major Canadian players in the global fertilizer industry now have what they say is the final blessing they need to close their merger deal Jan. 1, on two already-met conditions. Saskatoon-based Potash Corporation of Saskatchewan and Calgary-based Agrium Inc. announced Wednesday they’ve received clearance from the U.S. Federal Trade Commission (FTC) to close their […] Read more
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