About Yara

2016

We entered into an agreement to acquire the Tata Chemicals’ Babrala urea plant and distribution business in India, and decided to invest approximately USD 275 million in our Rio Grande plant in Brazil.

2016 was a challenging year for Yara, confronting the fertilizer industry with oversupply and falling margins. The response to tougher times is the Yara Improvement Program. This is the largest company-wide improvement program in Yara’s history, positioning Yara for further growth and making the company fit for the future.

Major investments – Exploring new markets

Babrala urea plant in India

We entered into an agreement to acquire the Tata Chemicals’ Babrala urea plant and distribution business in Uttar Pradesh for USD 400 million. This acquisition represents a significant step in our growth strategy, creating an integrated position in the world's second largest fertilizer market.

India has strong population growth and increasing living standards, and significant potential to improve agricultural productivity. The plant has an annual production of 0.7 million tonnes ammonia and 1.2 million tonnes urea. We are expecting to close the deal in 2017.

Improving our operations

The Yara Improvement Program

The Yara Improvement Program is the most significant corporate improvement program in Yara’s history. Our aim is to make Yara fit for the future & positioned for sustainable growth by delivering at least USD 500 million EBITDA in cost and operational improvements within 2020, in addition to other cash effects and added value through the enhancement of our sales & marketing activities.

Investing in Brazil

Rio Grande production plant in Brazil

We decided to invest approximately BRL 1 billion (USD 275 million) in expanding and modernizing our Rio Grande plant. Set for completion in 2020, the investment will create one of the biggest and most modern fertilizer sites in the Americas.

The expansion project will double the site's current 800,000 tonne annual fertilizer production and blending capacity, and provide customers with increased access to Yara's premium products, thereby reducing reliance on finished fertilizer imports.

Digital tools and services

Yara ImageIT

We reached an agreement with the Bulgarian company MicroAccount and acquired a Farm Management System business in Bulgaria and Romania. By combining Yara's extensive crop nutrition knowledge with a broad portfolio of digital farm management tools and services, we will have a unique platform from which to support our customers.

We use cookies on this website. If you continue to use the site without changing your settings, you agree that we may store and access these cookies on your device. To understand more about our use of cookies and to change cookie settings at any time please see
Cookie Preferences
I accept cookies