The company formed from the proposed merger of PotashCorp and Agrium will be known as Nutrien, the companies announced on Wednesday. Both sides say they expect the deal to close in the third quarter of 2017. The new Canadian fertilizer company would have close to 20,000 employees and operations in 18 countries. Its head office… Read more »
Tag: PotashCorp
Agrium, PotashCorp Agree to Merge
Canadian fertilizer giants Agrium and Potash Corporation of Saskatchewan say they’ve reached a deal to merge their businesses to form the largest fertilizer company in the world. The new company, which would be named before the transaction is finalized, would be worth around US$36 billion, with close to 20,000 employees and operations in 18 countries,… Read more »
PotashCorp to Cut Nearly 20% of Work Force; Most Job Losses in Saskatchewan
Noting the decision was “not easy” but a “necessary one,” PotashCorp president and chief executive, Bill Doyle, announced this morning job cuts of over 1,000 for the company. The bulk of the jobs lost (approximately 440) will be in Saskatchewan, then the next highest will be in Florida (350) and New Brunswick (140. Many of… Read more »
Potash Corp and Mosaic Get Crushed After Russia Uralkali Shocks the Market
Russia’s Uralkali has put the market through the ringer this morning. In a story that has many caught off guard, Russia’s Uralkali has decided to break up its partnership in Belarus Potash Company. This has greatly impacted the ability for the potash cartel to operate effectively. As reported on CNBC.com this morning, The break-up of the Belarus… Read more »
Saskatchewan to Host Global Institute of Food Security
The Province of Saskatchewan, the University of Saskatchewan and Potash Corporation of Saskatchewan Inc. (PotashCorp) have launched the Global Institute for Food Security (GIFS) to develop Saskatchewan-led solutions to feed a growing world population. With initial commitments of up to $35 million from PotashCorp and $15 million from the province over the next seven years,… Read more »