30.04.2007

Yara has signed a Heads of Agreement with Kribhco of India with the intention to establish a joint venture for production and marketing of mineral fertilizer. Krishak Bharati Cooperative Limited (Kribhco) is the largest agricultural cooperative in India. The Indian Government owns 67% of Kribhco. Its members include more than 7,000 local agricultural cooperatives.

The partners will each own 50% of the planned joint venture. The joint venture's objective is to establish an Indian production base by acquiring existing production facilities, combined with import. India's consumption of the plant nutrients N, P and K is not optimally balanced, with a deficit in application of P and K. 

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13.03.2007

Hamilton Sundstrand, a subsidiary of United Technologies Corp. (NYSE:UTX), announced at the end of February that it had signed an agreement to acquire Dosatron International. Dosatron is a privately held company, and terms of the deal were not disclosed. At the time of writing the transaction is subject to regulatory approval.
Dosatron, based in Tresses, France, supplies water-powered dosing pump systems and accessories for customers in agricultural, irrigation and industrial business segments. It will become part of Milton Roy, one of Hamilton Sundstrand's three Industrial companies. "We are extremely pleased to have Dosatron join the Hamilton Sundstrand Industrial team," said Stephen G. Oswald, president of Hamilton Sundstrand's Industrial group.

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22.02.2007

Arab Potash Company (APC) recently announced that on February 1, 2007 it purchased an additional 50 percent of the shares of Kemira Arab Potash Company (Kemapco) thereby becoming sole shareholder of Kemapco. Kemapco is a producer of potassium nitrate and dicalcium phosphate that was founded in 1999 as a 50/50 joint venture between APC and Kemira.
The news of the deal recently announced do not come as a surprise: The Kemira Oy Group had clearly indicated already three years ago that it intended to dispose of all its fertilizer assets that were not transferred to Kemira Grow How when the latter went public.

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19.01.2007

Migao Corporation announced on 15 January its full financial year results as follows: “For the twelve months ended September 30, 2006, Migao reported revenues of $58.3 million, a 47% increase as compared to the $39.8 million revenues achieved last year. Net income for fiscal 2006 was $8.6 million, as compared to $6.7 million for the same period last year. "We are extremely pleased with the revenue and earnings growth achieved this year. Our attention to quality was a key factor in retaining all of our preexisting customers as well as attracting new ones," said Mr. Liu Guocai, Migao's President and CEO. "During the year, we successfully accelerated our expansion plans and we will continue to increase our production capabilities to capitalize on the opportunities available in one of the fastest growing, and largest markets in the world."

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17.01.2007

Haifa Chemicals Ltd. (Haifa), a leading manufacturer of specialty fertilizers, (notably, potassium nitrate) is currently installing a device to markedly reduce NOx effluents from its four nitrate-producing plants, at an expenditure of app. $US 900,000. The unique advantage of this system is that it is not only environment-friendly, by reducing the NOx effluents by a factor of 3.3, but it also turns them into nitric acid, enhancing thereby, the production efficiency of the plants.

Haifa’s Technical V.P., Eng. Ami Alexandron reported that “The unique method developed by Haifa engineers was recently considered and recommended by EU authorities as a Best Available Technique (BAT) for the fertilizer industry. This innovation puts Haifa in the cutting edge of environment- protecting chemical plants.”

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16.01.2007

New Ag International has become the official partner publication of IBMA. The International Biocontrol Manufacturers Association (IBMA) is the worldwide association of biocontrol industries producing microorganisms, macroorganisms, semiochemicals and natural pesticides for plant protection and public health. With members throughout the World, IBMA has become the only worldwide organisation for biological crop protection, sustainable soil management, animal health and public hygiene.This partnership will translate into a number of joint actions aiming at promoting worldwide the existing and emerging technologies in biological crop protection and sustainable soil management.

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12.12.2006

New Ag International will bring Irrigation Association news and information to South America as the association’s newest publishing partner.

New Ag International agreed to publish IA news in its quarterly Spanish language edition as the official IA partner for South America. Irrigation Association members in the region covered by the agreement will receive the magazine.

The IA and New Ag International will also cooperate to bring information about international markets to the annual International Irrigation Show.

“This partnership will add value to IA membership in South America as well as the rest of the world,” said IA Executive Director Deborah Hamlin. “New Ag International will not only share information about irrigation efficiency in South America, it will help the IA tap into valuable sources of information about South American markets.”

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24.11.2006

PotashCorp. is trying to boost its stake in Chile's Soquimich for the second time in a month, according to international news reports quoted by FMB weekly report. It announced in advertisements taken out in the local press in Chile on Tuesday that it was offering to buy some 4.48 million Series B shares of Soquimich for some $58.8 million. Soquimich's Series B shares rose 4.26 percent on the Santiago bourse, to 6,900 pesos each. The offer is open for 30 days, closing on December 20, and would boost PotashCorp.'s stake in Soquimich to 29%, potentially making it the biggest shareholder. Potash last raised its stake in Soquimich in October, by 2%. At the time, it said it was not making a bid for the Chilean fertilizer maker, which is also the world's No. 1 producer of iodine and lithium.

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24.11.2006

T-Systems International, Inc., of San Diego, California and Chapin Watermatics, Inc. of Watertown, New York, announced on November 20th that they have amicably resolved their dispute over T-Systems’ patented drip irrigation technology featuring a flow regulating channel and single slit outlet port. As part of that resolution, Chapin has taken a license to several of T-Systems’ U.S. and international product and manufacturing patents, and the parties have agreed that for the next seven and a half years they will not be resorting to litigation with each other over drip tape products.

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20.10.2006

Chile's SQM, which produces potassium nitrate and sulphate (NOP and SOP) and the world's leading producer of iodine and lithium, saw its stock rise sharply on Wednesday, 18 Oct, after local press reports said Canada's PotashCorp had increased its ownership in the company. 

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