Company type | Public company |
---|---|
Industry | Chemicals |
Founded | 1946 |
Headquarters | |
Area served | North America |
Key people | Tony Will (CEO) |
Products | Fertilizer |
Revenue | US$4.124 billion (2020) [1] |
US$598.0 million (2020) [1] | |
US$317.0 million (2020) [1] | |
Total assets | US$12.172 billion (2020) [1] |
Total equity | US$2.897 billion (2020) [1] |
Number of employees | 3,016 [2] (2020) |
Website | www.cfindustries.com |
CF Industries Holdings, Inc. is an American manufacturer and distributor of agricultural fertilizers, including ammonia, urea, and ammonium nitrate products. The company is based in Deerfield, Illinois, a suburb of Chicago, [3] and was founded in 1946 as the Central Farmers Fertilizer Company. For its first 56 years, it was a federation of regional agricultural supply cooperatives. CF then demutualized, and became a publicly traded company.
CF Industries operates nine manufacturing complexes worldwide comprising 17 ammonia plants, the largest of which is in Donaldsonville, Louisiana. [4] The primary operating subsidiary is CF Industries, Inc.
The company was founded in 1946 as the Central Farmers Fertilizer Company, a federation of regional agricultural supply cooperatives. [5] The company became CF Industries in 1971. [4]
CF demutualized in 2002 and made an initial public offering of shares of equity stock in 2005. [5] Since 2008, the shares of CF Industries have been included in the S&P 500 index of large-cap stock prices. [6]
In April 2010, CF Industries acquired Terra Industries, Inc., following protracted negotiations that included an attempt by rival fertilizer manufacturer Agrium to purchase CF and efforts by Yara International to purchase Terra. [7] acquiring five production complexes in North America, a 50% interest in a joint venture in Point Lisas, Trinidad, and a 50% interest in the GrowHow joint venture in the United Kingdom. [4]
In 2013, Mosaic Company agreed to buy CF Industries' phosphate business for $1.4 billion in cash. [8]
On July 1, 2015, CF Industries announced an agreement to acquire remaining 50% interest in GrowHow from Yara International for $580 million. [9]
On August 6, 2015, CF Industries announced that it will combine with OCI N.V.'s European, North American and Global Distribution businesses for $8 billion. The combined company will be domiciled in the UK and it will use the CF Industries name. [10] On May 31, 2016, CF Industries announced the termination of the proposed combination with the European, North American and Global Distribution businesses of OCI. [11]
On September 15, 2021, CF Industries announced that it was halting operations at its two UK production complexes due to high natural gas prices. [12] The halt in operations created a potential for a shortage in the UK of food grade CO2; a byproduct of ammonia production that is critical to sectors from beer and soft drinks to food packaging and meat. CF Industries' UK facilities had been the source of 60% of the country's food grade CO2. [13] On September 21, the UK government announced a short-term arrangement whereby the government would provide limited financial support to CF Industries for three weeks in order to support the immediate restart of operations and CO2 production at its Billingham, Teesside, plant. [14] In June 2022, CF Industries permanently shut their fertiliser factory in Ince, Cheshire, due to continuing high gas prices and environmental taxes. [15]
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.
Demutualization is the process by which a customer-owned mutual organization (mutual) or co-operative changes legal form to a joint stock company. It is sometimes called stocking or privatization. As part of the demutualization process, members of a mutual usually receive a "windfall" payout, in the form of shares in the successor company, a cash payment, or a mixture of both. Mutualization or mutualisation is the opposite process, wherein a shareholder-owned company is converted into a mutual organization, typically through takeover by an existing mutual organization. Furthermore, re-mutualization depicts the process of aligning or refreshing the interest and objectives of the members of the mutual society.
Yara International ASA is a Norwegian chemical company. It produces, distributes, and sells nitrogen-based mineral fertilizers and related industrial products. Its product line also includes phosphate and potash-based mineral fertilizers, as well as complex and specialty mineral fertilizer products.
The Mosaic Company is an American chemical 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.
Orascom Construction PLC is an engineering, procurement and construction (EPC) contractor based in Cairo, Egypt. The company was Egypt's first multinational corporation and stands at the core of the Orascom Group companies. OC is active in more than 25 countries.
Farmland Industries was the largest agricultural cooperative in North America when it eventually sold all of its assets in 2002–04. During its 74-year history, Farmland served its farmer membership as a diversified, integrated organization, playing a significant role in agricultural markets both domestically and worldwide.
The OCP Group is a state-owned phosphate rock miner, phosphoric acid manufacturer and fertilizer producer. Founded in 1920, the company has grown to become the world's largest producer of phosphate and phosphate-based products and it is one of the largest phosphate, fertilizer, chemicals, and mineral industrial companies in the world by revenue.
National Fertilizers Limited (NFL) is an Indian central public sector undertaking and the largest government-owned-Urea fertilizer-producer in India. It is a Navratna company, with the Government of India owning a majority stake.
Indian Farmers Fertiliser Cooperative Limited, also known as IFFCO, is a multi-state cooperative society engaged in the manufacture and marketing of fertiliser. IFFCO is headquartered in New Delhi, India. Started in 1967 with 57 member cooperatives, it is today the biggest co-operative in the world by turnover on GDP per capita, with around 35,000 member cooperatives reaching over 50 million Indian farmers.
Tata Chemicals Limited is an Indian multinational corporation with interests in chemicals, crop protection and specialty chemistry products. The company is headquartered in Mumbai and has operations across India, Europe, North America and Africa. Tata Chemicals is a part of the Tata Group and its shares are traded on the NSE and BSE. Tata Chemicals has a publicly listed subsidiary called Rallis India.
Mangalore Chemicals & Fertilizers Limited is the largest manufacturer of chemical fertilizers in the state of Karnataka, India. The company is part of the Adventz Group. The company's corporate and registered office is at UB City, Bangalore and its factory unit is in Panambur, north of Mangalore.
Andrey Igorevich Melnichenko is a Russian-Emirati billionaire entrepreneur. He is the founder and ex-beneficiary of fertilizer producer EuroChem Group and coal producer SUEK, and was a non-executive director in both companies until 9 March 2022.
The history of fertilizer has largely shaped political, economic, and social circumstances in their traditional uses. Subsequently, there has been a radical reshaping of environmental conditions following the development of chemically synthesized fertilizers.
The Billingham Manufacturing Plant is a large chemical works based in the Borough of Stockton-on-Tees, England. In agricultural terms, it is one of the most important factories in Britain.
Achema is the largest fertilizer producer in the Baltic states. It is headquartered in Jonava, central Lithuania. Its factory is located in the village of Jonalaukis by Jonava, near the confluence of rivers Neris and Šventoji. In 2011, Achema employed about 1700 workers and reached 2.2 billion Litas revenues, net profit was 96.3 million Litas.
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.
Brazil–Egypt relations are the historic and bilateral ties between the regions that now constitute modern Brazil and Egypt. Bilateral relations were established in 1924, and Brazil currently operates an embassy in Cairo, while Egypt has an embassy in Brasilia and a consulate-general in Rio de Janeiro. Both countries generally enjoy friendly ties and mutual agreements on many important global issues such as disarmament, nuclear non-proliferation and environmental issues among others. In addition to that, both are member states of the Summit of South American-Arab Countries in which they have signed agreements on cooperation in many different fields.
Ostchem Holding is a holding company that unites a group of chemical factories and supporting companies. In its turn Ostchem is a part of bigger Group DF that unites several separate enterprises and other holding companies and is owned by Ukrainian oligarch Dmytro Firtash.
Nutrien is a Canadian fertilizer company based in Saskatoon, Saskatchewan. It is the largest producer of potash, third largest producer of nitrogen fertilizer in the world and generally the 2nd largest in fertilizers worldwide. 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.
Engro Fertilizers is a Pakistani fertiliser manufacturing company headquartered in Karachi with its manufacturing facility located at Daharki, and a facility located at Port Qasim as well. It is a subsidiary of Engro Corporation. It has 35% market share of the Pakistani fertilizer market as of 2023.