Yara strengthens its position in Denmark
Apr 27, 2005
Ferti Supply will purchase mineral fertilizer from Yara and SweDane Fertilizer, a company partly owned by DLG, and distribute the material for resale to DLG, Agro Danmark and other retail outlets in the Danish market.
The new company is an important step in Yara's strategy to increase the cooperation with local partners for the distribution of mineral fertilizer building on the company's Key Account concept. The new joint venture will further improve the cost efficiency of selling and distributing mineral fertilizer in Denmark.
Ferti Supply is expected to sell approximately 550,000 tonnes of fertilizer per year, representing annual revenues of approximately DKK 700 million.
The establishment of the new company is dependent upon approval by the EU's competition authorities. The company is expected to be operational from second half of 2005.
Egil Hogna, Investor Relations
Telephone (+47) 24 15 71 66
Cellular (+47) 90 187 865
Arne Cartridge, Media Relations
Telephone (+47) 24 15 73 01
Cellular (+47) 47 900 900
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.