Fertilizers and Agricultural Chemicals
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ENID, Okla.-- Koch Industries Inc. on Wednesday announced plans to build a urea plant at its Koch Nitrogen plant in Enid, Oklahoma and to renovate the existing facility.
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"We take a long-term view that demand for potash will resume," EuroChem CFO Andrey Ilyin said on the sidelines of the BMO Farm to Market conference in New York, after giving a presentation. "
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*Company looks to buy shares restricted since Cargill split. May 13- U.S. fertilizer producer Mosaic Co plans to have accumulated a $2 billion cash pile by the end of May to buy back shares locked up since its split from agribusiness giant Cargill Inc..
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*Expects $2 bln surplus cash, $3 bln debt capacity as of May 31. May 13- Mosaic Co, the second-largest fertilizer producer in North America, will delay plans to expand potash production in Western Canada due to unfavorable market conditions, a company executive said. Vale SA said in March that it planned to pull out of a $6 billion potash project in Argentina.
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May 13- U.S. fertilizer company Mosaic Co said it favors buybacks over dividends to deploy about $2 billion in surplus cash it expects to have as of May 31. The company has about $3 billion of debt capacity, Mosaic also said in a filing with the U.S. Securities and Exchange Commission on Monday.
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*Exploring phosphate mining sites outside of Israel. Net profit in the quarter rose six percent to $305 million from $289 million a year earlier and revenue grew nine percent to $1.64 billion.
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GRAND FORKS, N.D.-- State and local leaders in North Dakota announced Thursday plans to build a new $1.5 billion nitrogen fertilizer production facility northwest of Grand Forks. Jack Dalrymple and Grand Forks Mayor Michael Brown were joined by others in announcing that Northern Plains Nitrogen intended to build the new facility.
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WEST, Texas, May 2- Two weeks after 14 people were killed when a Texas fertilizer plant exploded, investigators searching through the charred rubble said they still do not know how much fertilizer was at the plant, including potentially dangerous ammonium nitrate.
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WASHINGTON, May 2- Honey bees, which play a key role in pollinating a wide variety of food crops, are in sharp decline in the United States, due to parasites, disease and pesticides, said a federal report released on Thursday.
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--Russian dairy producer OJSC Unimilk Co, which is controlled by French food group Danone Group, and French logistics company NDL International, which is controlled by French transport group Norbert Dentressangle, to form a logistics joint venture.
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SAN ANTONIO, May 1- Investigators hope to determine by next week what caused the explosion at a Texas fertilizer plant that killed 14 people and injured about 200, the state Fire Marshal said at a state legislative hearing on Wednesday.
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*Fund wants Tim Hortons to create REIT for property assets. TORONTO/ NEW YORK, May 1- Highfields Capital, a U.S. hedge fund agitating for change at Tim Hortons Inc, may have a hard time convincing institutional investors that the chain that says it sells eight out of every 10 cups of coffee in Canada needs a wake-up call.
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NEW DELHI/ MUMBAI, May 1- India on Wednesday decided to cut the subsidies on phosphate and potash-based fertilisers in the fiscal year that began in April in an effort to rein in its fiscal deficit. India imports all its potash and also buys about 90 percent of its phosphate from abroad.
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April 30- Three months ended March 31. Net Profit 229.4 vs 931.9 Net Sales 15.43 vs 18.83 EPS 0.55 vs 2.24 Results are standalone. NOTE: Chambal Fertilisers& Chemicals manufactures urea, di-ammonium phosphate and a few pesticides.
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*Pesticide firm Syngenta says decision based on bad science. The executive European Commission said on Monday it would press ahead with the ban on a class of pesticides known as neonicotinoids, produced mainly by Germany's Bayer and Switzerland's Syngenta, despite the EU's 27- member states failing to reach an agreement on the matter.
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BRUSSELS, April 29- The European Commission said on Monday it would go ahead and impose a temporary ban on three of the world's most widely used pesticides because of fears they harm bees, despite EU governments failing to agree on the issue.
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*Potash Corp climbs 2.7 percent after earnings beat. TORONTO, April 25- Canada's main stock index advanced for a sixth straight session on Thursday, helped by resources sectors as U.S. economic data and a stronger-than-expected earnings performance from fertilizer producer Potash Corp.
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April 25- Dow Chemical Co posted a 33 percent jump in quarterly profit as farmers in the Americas bought more of its seeds and pesticides, reinforcing a sector-wide shift by chemical makers toward agriculture.
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*First-quarter adj earnings/share 69 cents vs est 61 cents. April 25- Dow Chemical Co posted a better-than-expected 33 percent jump in quarterly profit as farmers in the Americas bought more of its seeds and pesticides, overshadowing a decline in European demand for its plastics.
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Potash Corp currently holds a 14 percent stake in ICL, the world's sixth-largest producer of the key fertilizer ingredient.