Saturday, October 19, 2013

Yara, BASF Weigh New U.S. Investment


Yara, BASF Weigh New U.S. Investment


Yara International ASA from Norway working as fertilizer producer and German chemical company BASF SE decide to invest a world-scare ammonia plants in the U.S.



Currently, the price for ammonia in America is exactly the same as it is in Europe. Meanwhile, he cost is significantly lower. The gap between profits of the two counties attracts this investment. Normally, the U.S. tends to attract more value-added products joining the domestic markets instead of producing the raw materials. Therefore, it is a really good opportunity for the States.

As we know, the unemployment of the U.S. has stayed upper than 7% for one year, which is the core issue needs to be solved. In order to let more people get jobs, the government needs to create more work for unskilled labors. The ammonia industry is exactly this kind of work, which also need large amount of labors. As a result, I believe this investment will lead to a win-win mode. Yara and BASF can profit more than they did in Europe, whereas the U.S. will get more jobs for people here. 

1 comment:

  1. I work at BASF and there was a blurb about this on our intranet

    2013-10-18P-13-430


    Ludwigshafen, Germany and Oslo, Norway (2013-10-18): BASF and Yara are evaluating a possible joint investment into a world scale ammonia plant at the U.S. Gulf Coast. BASF, which has a strong presence in the United States, is currently a major user of ammonia for its U.S. downstream manufacturing activities and intends to further strengthen its backward integration. Yara, with its global ammonia network and market expertise, seeks to strengthen its presence in the United States. Additional details of the possible joint venture including the exact location for the plant as well as the capacity of the plant are currently being discussed by the parties.



    About Yara

    Yara delivers solutions for sustainable agriculture and the environment. Our fertilizers and crop nutrition programs help produce the food required for the growing world population. Our industrial products and solutions reduce emissions, improve air quality and support safe and efficient operations. Founded in Norway in 1905, Yara has a worldwide presence with sales to 150 countries. Safety is always our top priority. www.yara.com



    About BASF

    BASF is the world’s leading chemical company: The Chemical Company. Its portfolio ranges from chemicals, plastics, performance products and crop protection products to oil and gas. We combine economic success with environmental protection and social responsibility. Through science and innovation, we enable our customers in nearly every industry to meet the current and future needs of society. Our products and solutions contribute to conserving resources, ensuring nutrition and improving quality of life. We have summed up this contribution in our corporate purpose: We create chemistry for a sustainable future. BASF had sales of €72.1 billion in 2012 and more than 110,000 employees as of the end of the year. BASF shares are traded on the stock exchanges in Frankfurt (BAS), London (BFA) and Zurich (AN). Further information on BASF is available on the Internet at www.basf.com.


    http://www.basf.com/group/corporate/en/news-and-media-relations/news-releases/news-releases-usa/P-13-430

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