Yara International
.svg) |
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| Public | |
| Traded as | : |
| Industry | Chemicals |
| Founded | 1905 |
| Headquarters | Oslo, Norway |
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Key people
|
Svein Tore Holsether (President and CEO), Leif Teksum (Chairman) |
| Products | Nitrogen fertilizers, nitrates |
| Revenue |
 NOK 111.897 billion (2015)
|
|
NOK 14.104 billion (2015)
|
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| Profit |
NOK 8.083 billion (2015)
|
| Total assets |
NOK 118.863 billion (end 2015) |
| Total equity |
NOK 75.727 billion (end 2015) |
|
Number of employees
|
12,883 (end 2015) |
| Website | www.yara.com |
Yara International ASA is a Norwegian chemical company. Its largest business area is the production of nitrogen fertilizer, however it also encompasses the production of nitrates, ammonia, urea and other nitrogen-based chemicals.
The company was established in 1905 as Norsk Hydro – the world’s first producer of mineral nitrogen fertilizers – and de-merged as Yara International ASA on March 25, 2004. Yara is listed on the and has its headquarters in Oslo. The company has around 13,000 employees, production sites on six continents, operations in more than 50 countries and sales to about 150 countries.
The Norwegian government owns more than a third of Yara and is its largest shareholder.
The company has three primary areas of activity:
Structurally, there are three business platforms and operating segments (Production, Crop Nutrition, and Industrial), coordinated through the Supply Chain platform to ensure synergies:
The history of Yara dates back to the founding of modern Norwegian industry. Modern Yara began with the establishment of Norsk hydroelektiske kvelstoffaktieselskab, or Norsk Hydro, as it later became known, in December 1905 after nitrogen fertilizer was successfully produced at Notodden.
Norsk Hydro was founded by Sam Eyde, who ”brought the vision”, Kristian Birkeland, who ”brought the science”, and Marcus Wallenberg, who ”brought the capital.” The contributions of these three men all were essential to the establishment of Norsk Hydro. Norsk Hydro used Norway’s large hydroelectric-energy resources to produce its first product. The company pioneered direct nitrogen fixation, called the Birkeland-Eyde process. This contribution to the fertilizer market attracted global attention as the product enabled farmers to boost their yields.
Hydrolectric power was, as mentioned, essential in order to produce the nitrogen fertilizer. As a consequence, the company built two major power plants – one at Notodden, and one in Rjukan. The company adopted an international perspective early, sending its first shipment to China in 1913.
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Wikipedia