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Yara International ASA (OSL:YAR) Oslo (2008-12-08): Yara International ASA's joint venture, GrowHow UK Ltd, will temporarily stop ammonia and ammonium nitrate production in Ince, UK after Christmas. The site has an annual capacity of 365,000 tons ammonia and 500,000 tons of ammonium nitrate.
The ammonia and ammonium nitrate plants will start up when market conditions improve.
GrowHow UK Ltd. is a joint venture owned 50/50 by Yara International ASA and Terra Nitrogen Inc.
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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