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Yara Forms Indian Fertilizer JV

1:44 PM MDT | April 25, 2007 | Chemical Week Editorial Staff

Yara says it has signed an agreement with Krishak Bharati Cooperative (Kribhco; New Delhi) for an international fertilizers joint venture. The companies will each hold 50% of the jv. “The joint venture’s objective is to establish an Indian production base by acquiring existing production facilities, combined with import” opeartions, Yara says. “The partners will seek to establish a foreign production base in areas with competitively priced raw materials.” India is the third-biggest fertilizer market, Yara says. The Indian government...

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