Yara International ASA (OSL:YAR) Yara To Expand Phosphate Operation In Siilinjärvi, Finland

Yara International ASA (OSL:YAR) Oslo (2008-12-08): Yara International ASA will strengthen its phosphate rock base by investing in new capacity at its mine in Siilinjärvi in Finland. The EUR 60 million investment will increase capacity from 850,000 tons to 1 million tons per year.

"The project strengthens the scale and competitiveness of our rock mining operations in Finland and increases sourcing flexibility for our NPK production, especially for the Norwegian plants. It is a good illustration of the value that the Kemira GrowHow acquisition has added to the Yara system," says Hallgeir Storvik, Head of Strategy, Supply and Trade in Yara.

The increase in capacity is achieved mainly through de-bottlenecking of existing production equipment and infrastructure. The project will also upgrade infrastructure for transport and storage of rock for export out of Uusikaupunki. The project is profitable also under more challenging market conditions than we have seen recently. The project is expected to be completed during fourth quarter 2009.

Contact

Torgeir Kvidal, Investor Relations Telephone (+47) 24 15 72 95 Cellular (+47) 91 339 832 E-mail torgeir.kvidal@yara.com

Bente Slaatten, Media Relations Cellular (+47) 91 60 62 15 E-mail bente.slaatten@yara.com



Yara International ASA is a leading chemical company that converts energy, natural minerals and nitrogen from the air into essential products for farmers and industrial customers. As the number one global supplier of mineral fertilizers and agronomic solutions, we help provide food for a growing world population. Our industrial product portfolio includes environmental protection agents that safeguard air and water purity and preserve food quality. Yara's global workforce of more than 8,000 employees represents great diversity and talent enabling Yara to remain a leading performer in its industry. www.yara.com

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Yara International ASA

http://www.yara.com

ISIN: NO0010208051

Stock Identifier: XOSL.YAR