Sep 07, 2005
According to the agreement, UFT will take over the full rights to this technology worldwide, including its licensing to other contractors. Yara will support the technology transfer through a service agreement for support on licensing, engineering and commissioning. In order to ensure continued development of the technology, UFT will have access to the pilot plant in Yara's Sluiskil plant. On-going contracts like the fluid bed granulation plant of 3,600 tonnes/day currently being built in Al-Jubail, Saudi Arabia, will not be transferred to UFT but completed by Yara.
There will be a modest positive impact on Yara's third quarter results.
Annette Malm Justad, Procurement
Telephone (+47) 24 15 71 37
Cellular (+47) 95 20 93 96
Egil Hogna, Investor Relations
Telephone (+47) 24 15 71 66
Cellular (+47) 90 187 865
Yara International ASA is the world's leading supplier of mineral fertilizers with particular strength in nitrogen-based fertilizers. Yara has a local presence in 50 countries worldwide. Yara sells more than 20 million tonnes of mineral fertilizers in more than 120 countries. Yara offers fertilizers meeting the nutrient needs of local crops supported by agronomic advice to make farming more profitable and agriculture more sustainable. Yara has a strong position in industrial markets in Europe as a supplier of nitrogen-based chemicals and is the leading supplier of liquid CO2.
Uhde is a company in the Technologies segment of the ThyssenKrupp Group and has a workforce of more than 4,200 employees worldwide. The company's activities focus on the design and construction of chemical and other industrial plants in the following fields: refining technologies, plants for fertilizers, organic intermediates, polymers and synthetic fibers, electrolysis plants, gas technologies, plants for oil, coal and residue gasification, coke plant technologies and pharmaceuticals.