Nutrien

Source: Wikipedia, the free encyclopedia.

Nutrien Ltd.
Company typePublic company
TSX: NTR
Executive Chair)
RevenueIncrease $27.71 billion (2021) [2]
$902 million (2020) [3]
Increase $3.18 billion (2021)
Total assetsIncrease $49.95 billion (2021)
Total equityIncrease $23.7 billion
Number of employees
23,500 (2021)
SubsidiariesAgrium, PotashCorp (PCS), Agrichem do Brasil S.A., Agrible, Inc., Actagro, Grupo TEC AGRO,
WebsiteOfficial website

Nutrien is a Canadian fertilizer company based in Saskatoon, Saskatchewan. It is the largest producer of potash and the third largest producer of nitrogen fertilizer in the world.[4] It has over 2,000 retail locations across North America, South America, and Australia with more than 23,500 employees.[5] It is listed on the Toronto Stock Exchange (symbol NTR) and New York Stock Exchange (symbol NTR), with a market capitalization of $34 billion as of January 2018.[5] It was formed through the merger of PotashCorp and Agrium, in a transaction that closed on January 1, 2018.[6]

History

Merger

PotashCorp and Agrium first proposed merging in September 2016. The merger was suggested in the context of low fertilizer prices, leading to the hope that a larger company will be better able to increase prices.[4] The new company also hopes to reduce costs through consolidation; it estimates that it will be able to decrease costs by $500 million USD.[7]

The transaction was originally expected to close in mid-2017, but was delayed to January 2018 because of regulatory hurdles; final regulatory approval from the

Charles Magro became CEO of the new company, while PotashCorp CEO Jochen Tilk became Executive Chair.[5] Nutrien is based in Saskatoon, the former headquarters of PotashCorp, but it will maintain corporate offices in Calgary
, the former headquarters of Agrium.

In May 2018, Nutrien announced it would sell to Tianqi Lithium a 24% stake in the Chilean mining company Sociedad Química y Minera (SQM) for approximately $4.1 billion.[8][9] Tianqi was to purchase 62.5 million SQM A shares for $65 each. Nutrien needed to satisfy the Chinese and Indian regulators because of concerns it would corner the potash market.[9][10][11] The sale closed on 5 December 2018.[12]

In February 2019, Nutrien, through its Australian subsidiary Landmark Operations

RuralCo.[14] The acquisition was finalized on October 1, 2019, after which Ruralco was delisted from the ASX.[15] After this acquisition, Nutrien now supplies 650 rural merchandise stores in Australia, or approximately 45% of all rural merchandise stores in Australia.[16]

In July 2022, Nutrien announced that it would acquire Brazilian retail fertilizer company Casa do Adubo, increasing its expansion in Latin America.[17]

Competition

Nutrien's main competitors include other potash, phosphate and nitrogen producers, such as The Mosaic Company, Yara International ASA, CF Industries Holdings Inc and K+S AG.

Carbon footprint

Nutrien reported Total CO2e emissions (Direct + Indirect) for 31 December 2020 at 13,160 Kt (-220 /-1.6% y-o-y).[18]

Nutrien's Total CO2e emissions (Direct + Indirect) (in kilotonnes)
Dec 2018 Dec 2019 Dec 2020
14,240[19] 13,380[20] 13,160[18]

References

  1. ^ "Nutrien Announces Appointment of Mayo Schmidt as President and CEO".
  2. ^ "Nutrien Annual Report 2021".
  3. ^ "Nutrien Operating Income 2006-2021 | NTR".
  4. ^ a b "Potash and Agrium plan to merge and create $36B US agricultural colossus". CBC News. Retrieved January 3, 2018.
  5. ^ a b c "Nutrien Annual Report 2021".
  6. ^ "Merger of PotashCorp and Agrium finalized as shares in Nutrien start trading". CBC News. Retrieved January 3, 2018.
  7. ^ a b "Agrium, PotashCorp merger will 'impact the entire industry,' including thousands of farmers: prof". CBC News. Retrieved January 3, 2018.
  8. ^ Rashi, Akshat (May 30, 2018). "One Chinese company now controls most of the metal needed to make the world's advanced batteries". Quarts.
  9. ^ a b Swamynathan, Yashaswini; Nicholson, Marcy (May 17, 2018). "China's Tianqi Lithium to buy a quarter of Chile's SQM for $4.1 billion". Reuters. China's Tianqi Lithium Corp (002466.SZ) said on Thursday it will buy nearly a quarter of Chilean lithium producer SQM SQMa.SN for $4.1 billion, gaining it coveted access to a key ingredient in rechargeable batteries that power mobile phones and electric cars.
  10. ^ Epstein, Evan (October 10, 2018). "Proposed Settlement Does Not Solve U.S. Antitrust & Governance Concerns in $4.1B Lithium Saga". Medium.
  11. ^ Kreisle, Nicholas (July 2020). "Price Effects from the Merger of Agricultural Fertilizer Manufacturers Agrium and PotashCorp" (PDF). No. 345. US Federal trade Commission.
  12. ^ "Nutrien Closes the Sale of SQM A Shares to Tianqi Lithium". Berkshire Hathaway. Business Wire, Inc. December 5, 2018.
  13. ^ https://www.landmark.com.au/ Landmark Operations
  14. ^ https://www.asx.com.au/asxpdf/20190227/pdf/4430v0cv3wwr8q.pdf (ASX announcement)
  15. ^ https://www.asx.com.au/asxpdf/20191001/pdf/4492ps2s1b8sfg.pdf (ASX announcement)
  16. ^ "Concerns about Landmark's proposed acquisition of Ruralco". www.accc.gov.au. June 13, 2019. Retrieved December 20, 2023.
  17. ^ McGee, Niall (July 20, 2022). "Nutrien to acquire Brazilian fertilizer company Casa do Adubo in continued push into Latin America". The Globe and Mail. Retrieved July 20, 2022.
  18. ^ a b "Nutrien's Sustainability Report for 2020Q4" (PDF). Archived from the original (PDF) on August 19, 2021. Alt URL
  19. ^ "Nutrien's Sustainability Report for 2020Q4" (PDF). Archived from the original (PDF) on August 19, 2021. Alt URL
  20. ^ "Nutrien's Sustainability Report for 2020Q4" (PDF). Archived from the original (PDF) on August 19, 2021. Alt URL

External links

Retrieved from "https://en.wikipedia.org/w/index.php?title=Nutrien&oldid=1190875524"