What we did in 2014
Growing in Latin America
We completed the acquisition of OFD Holding Inc. with its fertilizer production facility in Cartagena, Colombia and regional distribution network. We also acquired a 60 percent stake in the independent Brazilian fertilizer company Galvani Indústria, Comércio e Serviços S/A to secure phosphate fertilizer capacity in the northeast of the country. Lastly, the integration of Bunge’s fertilizer division is ahead of schedule, with realized synergies of USD 55 million.
Building capacity in Europe
We decided on investments in our production facilities in Köping, Sweden; Porsgrunn, Norway and Uusikaupunki, Finland – expanding capacities of TAN, NPK and calcium nitrate in the Nordic region. In France, we attained full control of the Le Havre urea plant.
Progress in joint venture
Together with BASF, we made good progress with our plan to jointly build a world-scale ammonia plant in Freeport, USA. Using a hydrogen-synthesis process, the plant is set to have an annual capacity of 750,000 tons.
Expanding emission abatement business
The acquisition of a majority stake in Yara Marine Technologies, in Norway added SOx scrubber technology to our portfolio of emission abatement solutions for the maritime segment. The NOx side of the portfolio was significantly strengthened through the acquisition of H+H Umwelt- und Industrietechnik GmbH, Germany. Finally, we acquired the flue gas cleaning division of STRABAG SE, Austria, consolidating our position as a leading global, full-service emissions-to-air control company.
Developing water technology
We acquired ZIM Plant Technology GmbH in Germany, starting integration of its water sensor technology for plants with our existing decision support tools for precision farming.