Acquisitions, Joint Ventures and Expansions
- Thirty percent of the Russian fertilizer producer OAO Minudobreniya ("Rossosh"), was bought in February 2005.
- An ammonia plant at Burrup, Australia, opened in April 2006. Yara presently holds a 35 percent stake and is involved in litigation with the other share-holder, Pankaj Oswal.
- In July 2006, Yara bought a controlling interest in the Brazilian fertilizer distribution and marketing company Fertibras.
- In September 2006, Yara bought 50 percent of the Geneva-based trading company Balderton Fertilisers SA.
- In May 2007, Yara bought 30.05 percent of Finnish fertilizer company Kemira GrowHow and successfully tendered an offer to buy the rest.
- In July 2008, Yara entered into an agreement to acquire Canadian nitrogen producer SaskFerco, completing the deal in October 2008. After this, the fertilizer plant located in Belle Plaine commenced to operate as Yara Belle Plaine Inc.
- Fifty percent of a fertiliser factory in Brega, is owned by Yara as a result of buying a 50 percent stake in Libyan Norwegian Fertiliser Company (LIFECO). (Co-owners of LIFECO, are National Oil Corporation of Libya (NOC) and Libyan Investment Authority (LIA) — each with 25 percent shares.)
- Construction of new Urea7 factory at Sluiskil, Netherlands, started in September 2009
- In October 2009, Qafco, in which Yara has 25 percent equity interest, signed a letter of intent for construction of Qafco-6 expansion project. The project includes the construction of a urea plant with a total daily production capacity of 3,850 tons.
- In January 2010, Yara acquired the remaining 50 percent of Balderton Fertilisers.
Libyan Norwegian Fertiliser Company B.V., registered in the Netherlands, is co-owned by "Libyan partners" ... with close ties to Muammar Gaddafi and his clan" (and Yara) according to Dagens Næringsliv. Authorities have frozen the joint venture's bank accounts, in the Netherlands.
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Famous quotes containing the words joint and/or ventures:
“There is no such thing as “the Queen’s English.” The property has gone into the hands of a joint stock company and we own the bulk of the shares!”
—Mark Twain [Samuel Langhorne Clemens] (1835–1910)
“At the moment when a man openly makes known his difference of opinion from a well-known party leader, the whole world thinks that he must be angry with the latter. Sometimes, however, he is just on the point of ceasing to be angry with him. He ventures to put himself on the same plane as his opponent, and is free from the tortures of suppressed envy.”
—Friedrich Nietzsche (1844–1900)