August 18, 2015
WICHITA, Kansas (U.S.) / KASSEL (Germany) – Koch Fertilizer Trading Sarl, an affiliate of Koch Fertilizer, LLC, and K+S North America Corporation (K+S), a fully owned subsidiary of K+S Aktiengesellschaft, have signed an exclusive master supply agreement for potash fertilizer produced at the K+S Legacy mine in Saskatchewan, Canada.
“This is an exciting opportunity for Koch Fertilizer to grow our portfolio of fertilizer products to U.S. retailers,” said Scott McGinn, president of Koch Fertilizer. “We are proud to enter an agreement with K+S. This new agreement allows Koch Fertilizer to provide additional high quality products produced in North America.”
The C$ 4.1 billion K+S Legacy mine will reach an annual capacity of about two million tonnes of potash by the end of 2017. Koch Fertilizer Trading Sarl receives exclusive rights to supply of a projected annual volume of 500,000 short tons (~ 453,000 metric tonnes) of granular potash for its U.S. customers.
“We are seeing enormous interest in potash from our Legacy mine both from existing and new customers. Koch Fertilizer is a distinguished partner with excellent experience marketing a robust portfolio of fertilizer products. This relationship highlights our position as a reliable and independent supplier in the market,” says Dr. Andreas Radmacher, Member of K+S’ Board of Executive Directors and in charge of the Potash and Magnesium Products business unit.
No further details of the agreement are available.
Koch Fertilizer, LLC and its affiliates own or have interests in nitrogen fertilizer plants in the United States, Canada, and Trinidad and Tobago. The companies cover global demand through state-of-the-art terminals in the U.S., Canada, Mexico, Brazil, Australia, France and the United Kingdom. Koch Fertilizer, LLC and its affiliates have the capability to market and distribute more than 13 million tons of fertilizer products annually. Koch Fertilizer, LLC is a subsidiary of Koch Ag & Energy Solutions, LLC. Learn more about Koch Fertilizer, LLC at www.kochfertilizer.com.
K+S is an international resources company. We have been mining and processing mineral raw materials for 125 years. The products we produce from them are used worldwide in agriculture, food and road safety and are important elements in numerous industrial processes. Potash and salt are integral nutrients for the megatrend of a constantly growing and increasingly prosperous global population striving for a higher standard of living. This will result in increasing consumption of mineral resources. We serve the resulting growth in demand from production sites in Europe, North America and South America as well as through a global distribution network. K+S is the world’s largest salt producer and one of the top potash providers worldwide. With more than 14,000 employees, K+S achieved revenues in financial year 2014 of about € 3.8 billion and an EBIT of € 641 million. K+S is the commodities stock on the German DAX index. Learn more about K+S at www.k-plus-s.com .