Yara International ASA
Yara International ASA is a Norwegian chemical company. It specializes in the production, distribution, and sale of nitrogen-based mineral fertilizers and related industrial products. Additionally, the company has other product lines, including phosphate and potassium-based mineral fertilizers, as well as special and complex mineral fertilizers.
The company was originally founded in 1905 as Norsk Hydro, the world's first producer of mineral nitrogen fertilizers. It was later spun off and renamed Yara International ASA on 25 March 2004 with headquarters in Oslo, Norway. The majority of shares of Yara are owned by the Norwegian Government with more than a third of the shares. Today, Yara is listed on the Oslo Stock Exchange with more than 17,000 employees in production facilities on six continents, operations in more than 60 countries, as well as supplying products to approximately 150 countries.
After separating from Norsk Hydro and becoming an independent company, Yara is a leading producer of ammonia, nitrates, nitrogen products, and specialty NPK fertilizers. Since that time, Yara has continued to expand its influence throughout the world by making investments in various acquisitions and joint ventures with new projects, mostly in Africa, North America, and South America. In July 2006, Yara spent $126 million to buy shares of Fertibras. This acquisition gives Yara more than 99% of the voting shares in Fertibras, as well as more than 15% of Fosfertil, the largest producer of nitrogen and phosphate fertilizers in Brazil.
With the goal of achieving a world without hunger and a planet that is respected, Yara pursues a strategy of sustainable value creation, supporting climate-friendly crop nutrition and zero-emission energy options. Yara's ambition is to offer a more sustainable food value chain while fostering a future of food that is harmonious with nature, adding value for customers, shareholders, and society at large. In order to realize its goals, Yara is concentrating on producing clean ammonia with the goal of enabling the hydrogen economy and promoting green changes in shipping, fertilizer, and other energy-intensive industries.
Industry: Chemicals
Founded: 1905
Headquarters: Oslo, Norway
Website: https://www.yara.com/
