Agrium

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Agrium Inc.
Company type Public
TSX: AGU
NYSE: AGU
(until December 2017)
IndustryChemicals, Agriculture
Founded1931;93 years ago (1931)
DefunctDecember 2017 (2017-12)
FateMerged with PotashCorp
Successor Nutrien
Headquarters Calgary, Alberta, Canada
Area served
Worldwide
Key people
Victor J. Zaleschuk (director and chairman of the board)
Chuck Magro (CEO)
Products Agriculture
RevenueIncrease2.svgUS$16.0 billion(2014) [1]
Increase2.svgUS$3.6 billion(2014) [1]
Increase2.svgUS$720 million(2014) [1]
Total assets Increase2.svgUS$17.1 billion(2014) [1]
Total equity Increase2.svgUS$6.7 billion(2014) [1]
Number of employees
15,500 (2014) [1]
Divisions Agrium Retail
Agrium Wholesale
Subsidiaries Agrium U.S.
Website agrium.com

Agrium Inc. was a major retail supplier of agricultural products and services in North America, South America and Australia and a wholesale producer and marketer of all three major agricultural nutrients and a supplier of specialty fertilizers in North America.

Contents

In 2018, Agrium merged with PotashCorp to form Nutrien. [2]

History

Agrium was founded as Cominco Fertilizers (short for Consolidated Mining and Smelting Company [3] ) in 1931 and changed its name to Agrium in 1995. Agrium was headquartered in Calgary, Alberta, Canada. Crop Production Services, Inc., a subsidiary company, was based in Loveland, Colorado and was the location of Agrium's Retail Business Unit head office. The company was a part-owner of Canpotex, which manages all potash exporting from Saskatchewan. [4]

On September 12, 2016, Agrium announced that it had agreed to merge with PotashCorp, which will make the combined company, Nutrien, the largest producer of potash and second-largest producer of nitrogen fertilizer worldwide. [5] [6] [7] Agrium divested certain U.S. assets. [8] The merger closed on January 1, 2018. [2]

Business units

Agrium operated in two business segments: [9]

Retail

Agrium operated close to 1,500 retail agricultural centres in the U.S., Canada, South America and Australia under the brand names Crop Production Services (CPS), Crop Production Services Canada (CPSC), Agroservicios Pampeanos S.A. and Landmark. [10] Crop Production Services was acquired in 1994.

On December 3, 2010, Agrium announced the completion of the acquisition of the Australian Wheat Board for a total acquisition price of $1.236-billion Australian dollars. [11] This acquisition added to the retail division of Agrium. Roughly 40% of the AWB holdings were sold to Cargill, including the Commodity Management Business. [12]

In October 2013, Agrium announced the acquisition of Viterra's Canadian retail assets, [13] after previously acquiring Viterra's retail locations in Australia. [14]

Wholesale

The Wholesale segment produced nitrogen, phosphate, potash, and sulphur-based fertilizers. This segment also owned and operated a potash mine and production facility in the Rural Municipality of Vanscoy No. 345 in Saskatchewan, Canada, and a phosphate mine in Conda, Idaho, U.S.

The Wholesale segment engaged in the ownership of nitrogen-based fertilizer plants in Bahía Blanca, Argentina, and in Damietta, Egypt.

Environmental and social impacts

In 2003, Agrium was issued an administrative compliance order for excessive emissions at a Kennewick, Washington plant. [15] Agrium discovered the violations at the Kennewick facility through a comprehensive Clean Air Act audit of the facility in late 2000. Agrium promptly reported the audit findings to EPA under EPA's policy on Incentives for Self-Policing, also referred to as the "Self-Disclosure Policy". In 2005, Agrium was fined for failure to disclose release of toxic gases at this same plant. [16]

Related Research Articles

<span class="mw-page-title-main">Fertilizer</span> Substance added to soils to supply plant nutrients for a better growth

A fertilizer or fertiliser is any material of natural or synthetic origin that is applied to soil or to plant tissues to supply plant nutrients. Fertilizers may be distinct from liming materials or other non-nutrient soil amendments. Many sources of fertilizer exist, both natural and industrially produced. For most modern agricultural practices, fertilization focuses on three main macro nutrients: nitrogen (N), phosphorus (P), and potassium (K) with occasional addition of supplements like rock flour for micronutrients. Farmers apply these fertilizers in a variety of ways: through dry or pelletized or liquid application processes, using large agricultural equipment or hand-tool methods.

Bunge Global SA (BUN-ghee) is a global agribusiness and food company, incorporated in Geneva, Switzerland and headquartered in St. Louis, Missouri, United States.

<span class="mw-page-title-main">Potash</span> Salt mixture

Potash includes various mined and manufactured salts that contain potassium in water-soluble form. The name derives from pot ash, plant ashes or wood ash soaked in water in a pot, the primary means of manufacturing potash before the Industrial Era. The word potassium is derived from potash.

<span class="mw-page-title-main">Agricore United</span> Canadian farmer-directed agribusiness

Agricore United, Inc. was a farmer-directed agribusiness in Canada. It supplied crop nutrition and crop protection products, and offered grain handling and marketing services. It was created on November 1, 2001 by the merger of Agricore and United Grain Growers. It was headquartered in Winnipeg, Manitoba. Its shares were publicly traded on the Toronto Stock Exchange (TSX) under the symbol "AU" until June 15, 2007, when it was taken over by the Saskatchewan Wheat Pool. Agri-business giant Archer Daniels Midland (ADM) had a 28% stake in the company at the time of the takeover.

<span class="mw-page-title-main">Cargill</span> American-based international food conglomerate

Cargill, Incorporated, is an American global food corporation based in Minnetonka, Minnesota, and incorporated in Wilmington, Delaware. Founded in 1865, it is the largest privately held company in the United States in terms of revenue.

<span class="mw-page-title-main">PotashCorp</span> Company

The Potash Corporation of Saskatchewan, also known as PotashCorp, was a company based in Saskatoon, Saskatchewan. The company merged with Calgary-based Agrium to form Nutrien, in a transaction that closed on January 1, 2018.

AWB Limited was a major grain marketing organisation based in Australia. Founded in 1939 by the Government of Australia as the Australian Wheat Board, in 1999 it became a private company, owned by wheat growers. It was acquired by Agrium in 2010.

<span class="mw-page-title-main">The Mosaic Company</span> American chemical company

The Mosaic Company is a Fortune 500 company based in Tampa, Florida which mines phosphate, potash, and collects urea for fertilizer, through various international distribution networks, and Mosaic Fertilizantes. It is the largest U.S. producer of potash and phosphate fertilizer.

Regina is the capital city of Saskatchewan, Canada. Its industry was originally largely confined to activities associated with its agricultural hinterland. Oil and natural gas, potash, kaolin, sodium sulphite and bentonite contribute a great part of the economy of Regina, and the surrounding area. The farm and agricultural component is still a significant part of the economy, but it is no longer the prime driver of the economy; provincially it has slipped to eighth overall, well behind the natural resources sectors. The Innovation Place Research Park near the University of Regina hosts several science and technology companies.

<span class="mw-page-title-main">Viterra</span> Multi-national agricultural company

Viterra Limited is a Canadian grain handling business, that began as the nation's largest grain handler, with its historic formative roots in prairie grain-handling cooperatives, among them the iconic Saskatchewan Wheat Pool. Viterra Inc grew into a global agri-business with operations in Canada, the United States, Australia, New Zealand and China. Viterra operated three distinct, inter-related businesses: Grain Handling & Marketing, Agri-Products and Processing, enabling it to generate earnings at various points on the food production chain from field to the table. Following its $6.1-billion acquisition by Glencore International, on 1 January 2013, Viterra was merged with Glencore purchaser, 8115222 Canada Inc., headquartered in Rotterdam, the Netherlands.

Richardson International Limited is a privately held Canadian agricultural and food industry company headquartered in Winnipeg, Manitoba. The company is one of several companies that are owned by James Richardson & Sons Limited. The company is a worldwide handler and merchandiser of all major Canadian-grown grains and oilseeds and a vertically integrated processor and manufacturer of oats and canola-based products. Richardson has over 2,500 employees across Canada, the U.S. and U.K. Richardson International is a subsidiary of James Richardson & Sons, Limited, established in 1857.

William "Bill" Doyle was the CEO of the Potash Corporation of Saskatchewan (PotashCorp), the world's largest fertilizer company by capacity. Doyle has was CEO of PotashCorp since 1999. On April 6, 2014, Doyle announced his intention to retire on July 1, 2015, and to transition from president and CEO to senior advisor on July 1, 2014, when he was succeeded by Jochen Tilk.

<span class="mw-page-title-main">Agricultural pollution</span> Type of pollution caused by agriculture

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The Aurora mine is the largest integrated phosphate mining and chemical plant in the world. The mine is located in Richland Township, in Aurora in Beaufort County, North Carolina. The mine, has been owned by PotashCorp since 1995, has an annual production capacity of over six million tonnes of phosphate ore. In 2008 the mine produced 6.6 million tonnes of phosphate ore from which 1.3 million tonnes of phosphoric acid was produced.

EuroChem Group AG is a Swiss fertilizer producer. It is a fertilizer manufacturer with its own capacity in all three primary nutrients – nitrogen, phosphates and potash. It is headquartered in Zug, Switzerland.

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IMC Global was a mining and production company, formerly listed on the S&P MidCap 400. It was founded in 1909 as International Agricultural Corporation. In 2004, IMC Global merged with Cargill, Inc.'s crop nutrition division to form The Mosaic Company, a crop nutrition company.

Agricen is a plant health biotechnology company headquartered in Plano, Texas, United States, that produces microbially derived biochemical products for the agriculture, turf and ornamental plant markets.

Jochen Tilk was the Executive Chairman of Nutrien from 2014 to 2018. He was President and CEO of PotashCorp from July 1, 2014 until its merger with Agrium to form Nutrien. Previously he was CEO of Inmet Mining Corporation, a Canadian metals company with operations in Turkey, Finland, Spain, and development in Panama, between 2009 and 2013. He is also the former Chair of Petaquilla Copper Limited. He is on the Boards of Durectors of Emera, AngloGold Ashanti Limited and the Princess Margaret Cancer Foundation

Charles Victor "Chuck" Magro is a Canadian business executive who is the current CEO of Corteva Agriscience. Magro is the former CEO and President of Nutrien. He was the president of Agrium from January 2014 until it completed its merger with PotashCorp to form Nutrien. Prior to his appointment he served as COO from 2012 to 2013, Chief Risk Officer from February 2012 to October 2012, and as Vice President of Manufacturing 2009–2012. Prior to his time at Agrium he was an executive at Nova Chemicals. He holds a degree from University of Waterloo, and holds an MBA from University of Windsor.

<span class="mw-page-title-main">Nutrien</span> Canadian fertilizer company

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. It has over 2,000 retail locations across North America, South America, and Australia with more than 23,500 employees. It is listed on the Toronto Stock Exchange and New York Stock Exchange, with a market capitalization of $34 billion as of January 2018. It was formed through the merger of PotashCorp and Agrium, in a transaction that closed on January 1, 2018.

References

  1. 1 2 3 4 5 6 "Annual Report 2014". Archived from the original on March 27, 2015. Retrieved October 7, 2008.
  2. 1 2 "Merger of PotashCorp and Agrium finalized as shares in Nutrien start trading". CBC News. Retrieved January 3, 2018.
  3. "Vanishing B.C. "Blaylock Estate"".
  4. "Canpotex Limited - Complete Profile". Industry Canada. June 18, 2009. Archived from the original on May 21, 2013. Retrieved September 7, 2010.
  5. MacPherson, Alex (June 21, 2017). "'Something forward-thinking, with the promise of innovation': PotashCorp, Agrium to merge as Nutrien". The StarPhoenix . Retrieved June 21, 2017.
  6. "Agrium-PotashCorp merger could signal 'next great frontier,' Calgary chamber president says". CBC News. Retrieved September 13, 2016.
  7. "Potash Corp., Agrium agree to merger that would create $36B agriculture giant". CBC News . September 12, 2016. Retrieved September 12, 2016.
  8. "Agrium sells U.S. plants to ease Potash Corp merger concerns". BNN. November 7, 2017. Retrieved November 7, 2017.
  9. "Agrium - My Pick In The Fertilizer Sector". SeekingAlpha. November 4, 2015. Retrieved February 15, 2020.
  10. "Agrium Annual Report 2014". Archived from the original on August 21, 2015. Retrieved September 15, 2015.
  11. "Agrium completes acquisition of AWB" . Retrieved November 12, 2011.
  12. "Agrium Sells AWB Commodity Management Business to Cargill" . Retrieved November 12, 2011.
  13. "AGCanada". May 22, 2023.
  14. "Glencore sale of Viterra farm outlets to Agrium wins Canadian regulatory nod". Reuters . September 5, 2013.
  15. Agrium U.S. faces Clean Air Act violations in Kennewick | Newsroom | US EPA
  16. Kennewick Fertilizer Plant Issued $24,575 Penalty for Late Reporting of Hazardous Gas Release | Newsroom | US EPA

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