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The Mosaic Company

 
(NYSE: MOS)
Contact Information
Mosaic Co
3033 Campus Drive
Suite E490
Plymouth, MN 55441
UNITED STATES
Tel. (800) 918-8270
Fax. (763) 559-2860

Industry: Specialty Chemicals
On the web: http://www.mosaicco.com
Employees: 7,500

The Mosaic Company is a Delaware corporation that was incorporated in January 2004. The Company is a producer and marketer of concentrated phosphate and potash crop nutrients for the global agriculture industry. Through its broad product offering, it is a single source supplier of phosphate- and potash-based crop nutrients and animal feed ingredients. It serves customers in more than 40 countries. It mines phosphate rock in Florida and process rock into finished phosphate products at facilities in Florida and Louisiana. It mines potash in Saskatchewan, New Mexico and Michigan. It has made strategic equity investments in phosphate production facilities and phosphate rock mines in Brazil and other production, blending or distribution operations or equity investments in nearly a dozen countries, including the top four nutrient-consuming countries in the world. It conducts its business through wholly and majority-owned subsidiaries as well as businesses in which it owns less than a majority or a non-controlling equity interest. The Company is organized into three business segments: Phosphates, Potash and Offshore. It is the largest integrated phosphate producer in the world and the largest producer of phosphate-based animal feed ingredients in the United States. It sells phosphate-based crop nutrients and animal feed ingredients throughout North America and internationally. It is the third-largest producer of potash in the world. It sells potash throughout North America and internationally, mainly as fertilizer, but also for use in industrial applications and, to a lesser degree, as animal feed ingredients. The Company's offshore segment produces and/or markets phosphate-, potash- and nitrogen-based crop nutrients and animal feed ingredients. It has sales offices, crop nutrient blending and bagging facilities, port terminals and warehouses in several key international countries, including Brazil. In addition, it owns or has strategic investments in production facilities in Brazil and a number of other countries. The Company's operations and strategic investments in Brazil make it one of the largest producers and distributors of blended crop nutrients in this key agricultural market. It competes with a range of domestic and international producers, including farmer cooperatives, subsidiaries of larger companies, integrated energy companies, and independent crop nutrient companies. The Company is subject to many environmental laws and regulations in Florida and Louisiana.
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The Mosaic Company
Type Privately-controlled public company (NYSEMOS)
Founded 2004
Headquarters Plymouth, Minnesota, United States
Key people James T. Prokopanko (President and CEO)[1]
Industry Agriculture
Products Phosphate, Potash, Feed
Revenue 9.8 billion (2008)
Owner(s) Cargill (67%)
Website www.mosaicco.com

The Mosaic Company (NYSEMOS) is a Fortune 500 company based in Plymouth, Minnesota. Mosaic is the combination of two leaders in the fertilizer industry, IMC Global and Cargill Crop Nutrition Division.

The Mosaic Company offers three key fertilizer products—phosphate, potash, and nitrogen—plus specialty products such as K-Mag and MicroEssentialsTM S15.

Contents

Overview

Mosaic is the world's largest producer of phosphate and second largest producer of potash, two crop nutrients which are primary ingredients in producing fertilizer. The company sold 15.7 million metric tonnes of fertilizer during its 2008 fiscal year. Mosaic is also the exclusive marketing agent of 1.2 mmt (million metric tons) of nitrogen products. It employs approximately 7,000 people worldwide.

Launched October 25, 2004, it is formed by a merger between Cargill Crop Nutrition and IMC Global. Its corporate headquarters is in Plymouth, outside Minneapolis, Minnesota.

It operates key distribution facilities in 11 countries which serve customers in 33 countries. It has port terminals, warehouses and blending and bagging facilities in nine countries and operates 16 phosphate rock mines and plants and five potash production facilities.

Timeline

  • 2004
    • October: The Mosaic Company launches as the world's second largest crop nutrition firm with the combination of Cargill Crop Nutrition and IMC Global, Inc. The Mosaic Company (NYSE:MOS) begins trading as the newest Fortune 500-sized firm on the New York Stock Exchange.
    • June: Mosaic announced as name for newly-formed company
    • January: IMC Global and Cargill Crop Nutrition enter into definitive agreement


  • 2005
    • September: Mosaic Louisiana operations suffer only minor damage after Hurricane Katrina devastates Texas, Louisiana and Mississippi Gulf Coasts. Mosaic donates $50,000 to the American Red Cross and matches employee donations
    • September: Mosaic closes Kingsford phosphate mine, Mulberry, Florida
    • May: Mosaic begins construction on a 200,000 metric tonne Grannular Single Super Phosphate(GSSP) plant in Quebracho, Argentina
    • April: Mosaic announces 400,000 ton expansion of Esterhazy, Saskatchewan mine
    • April: Mosaic corporate office moves to the Atria Corporate Center, 3033 Campus Drive, Plymouth, Minnesota
    • April: Mosaic opens 50,000 mt/y storage facility with capacity to blend 180,000 ton/yr in Rio Verde, Brazil
    • March: Mosaic opens 50,000 mt/y storage facility with capacity to blend 180,000 ton/yr in Sorriso, Brazil
    • January: Mosaic opens 200,000 mt/yr bulk blending and fertilizer facility in Qinghuangdao, China


  • 2006
    • August: 200,000 metric tonne Grannular Single Super Phosphate (GSSP) plant opens in Quebracho, Argentina
    • July: Jim Prokopanko named Mosaic Chief Operating Officer
    • May: Mosaic closes Green Bay and South Pierce phosphate fertilizer production facilities and Fort Green mine in Central Florida
    • January: Mosaic Esterhazy Mine Fire sets a world-wide example of mining safety when 72 trapped miners are brought safely to surface


  • 2008
    • April: Mosaic announced additional potash capacity expansions in Saskatchewan. The total expansions announced, together with those announced in May 2007, are expected to increase Mosaic's annual capacity by approximately 5.1 million tonnes to 15.5 million tonnes. The expansions are projected to occur over the next 12 years, with the first expansion production coming on line in 2009.
    • June: Two of three credit rating agencies, Fitch Inc. and Standard and Poor's Ratings Services, have upgraded Mosaic's unsecured debt ratings to investment grade status.
    • July: The Mosaic Company and Investment Saskatchewan announced a definitive agreement to sell Saskferco Products ULC to Yara International ASA (Yara) for approximately CDN $1.6 billion.
    • July: Mosaic quadruples fiscal 2008 Q4 net earnings over year-ago. Net sales and net earnings in fiscal 2008 totaled over $9.8 billion and $2.1 billion, up 70% and 396% respectively, from a year ago.

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