Agrium ponders expansion options
From Herald News Services
Thursday, March 13, 2008
Potash - Canada's third-largest potash producer is still studying how much more it can expand its only production facility at Vanscoy, Sask., west of Saskatoon.
Calgary-based Agrium Inc., a producer, wholesaler and retailer of fertilizer products, posted its annual report online this week.
The company earlier reported its record $441 million net earnings for 2007 and has since been focused on completing its December acquisition of a group of retail fertilizer operations owned by UAP in the United States.
At the same time, Agrium continues to look at one and possibly two major potash investments.
Potash accounted for 15 per cent of the company's earnings before interest, taxation, depreciation and amortization in 2007.
The company is currently fine-tuning a 310,000-tonne capacity expansion at the Vanscoy mine.