Agrium

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Agrium Inc.
Type Public company
Traded as NYSEAGU
TSXAGU
S&P/TSX 60 component
Industry Chemicals
Founded 1931
Headquarters Calgary, Alberta, Canada
Area served Worldwide
Key people Victor J. Zaleschuk (Director)
(Chairman of the Board)

Chuck Magro
(President) & CEO
Products Agricultural chemicals
Revenue Increase US$10.5 billion (2010)[1]
Operating income Increase $1.881 billion (2008)[1]
Net income Increase $1.244 billion (2008)[1]
Total assets Increase $9.818 billion (2008)[1]
Total equity Increase $4.110 billion (2008)[1]
Employees 6,618 (2008)[1]
Divisions Agrium Retail
Agrium Wholesale
Subsidiaries Agrium U.S. Inc.
Website Agrium.com

Agrium Inc. is a retail supplier of agricultural products and services in North and South America as well as Australia, a wholesale producer and marketer of the three major agricultural nutrients and supplier of specialty fertilizers internationally.

Agrium was founded as Cominco Fertilizers, Limited (short for Consolidated Mining and Smelting Company Limited [2]) in 1931 and changed its name to Agrium, Incorporated in 1995. Agrium is headquartered in Calgary, Canada. Agrium U.S. Incorporated, a subsidiary company, is based in Denver, Colorado and is the location of Agrium's retail head office. The company is a part-owner of Canpotex, which manages all potash exporting from Saskatchewan.[3]

Divisions[edit]

Agrium operates in two business segments:

Retail[edit]

Agrium operates close to 1,250 retail agricultural centres in the U.S., Canada, South America and Australia under the brand names Western Farm Service, Crop Production Services, United Agri Products (UAP), and Agroservicios Pampeanos S.A. and Landmark.[4]

On December 3, 2010 Agrium announced the completion of the acquisition of the Australian Wheat Board for a total acquisition price of $1.236-billion Australian dollars.[5] This acquisition additions to the retail division of Agrium. Roughly 40% of the AWB holdings were sold to Cargill including the Commodity Management Business.[6]

Wholesale[edit]

The Wholesale segment provides nitrogen-based fertilizers, sulphur, and phosphate-based fertilizers. This segment also engages in the ownership and operation of potash mine and production facility at Vanscoy No. 345, Saskatchewan, Canada, and phosphate mines in Kapuskasing, Ontario, Canada, and in Conda, Idaho, US.

The Wholesale segment engages in the ownership of nitrogen-based fertilizer plant in Bahía Blanca, Argentina. Expansion of a production facility in Damietta, Egypt, is projected to be completed in 2012.

Environmental and social impacts[edit]

In 2006 the U.S. EPA fined[7] Agrium US$750,000 for violations of the Clean Air Act. Unpermitted modifications to the Ohio nitrogen products plant resulted in excessive releases of NOx. The US EPA report states that these nitrogen oxides "cause severe respiratory problems, contribute to childhood asthma, acid rain, climate change, smog and haze, and impairs visibility in national parks. Emissions from nitric acid plants can be carried significant distances downwind, causing air quality problems..." The plant in question was acquired in October 2006 during the takeover of Royster Clark.

In 2003 Agrium was issued an administrative compliance order for excessive emissions at a Kennewick, Washington plant.[8] Agrium discovered the violations at the Kennewick facility through a comprehensive Clean Air Act audit of the facility in late 2000. Agrium promptly reported the audit findings to EPA under EPA’s policy on Incentives for Self-Policing, also referred to as the “Self-Disclosure Policy”. In 2005 Agrium was fined for failure to disclose release of toxic gases at this same plant.[9]

An Agrium ammonia/urea plant is listed by the Alaska Department of Environmental Conservation as a contaminated site due to spillage of ammonia, arsenic, and other contaminants.[10]

Awards[edit]

Canada’s Top 100 Employers - 2014[edit]

Agrium was named one of Canada’s Top 100 Employers for 2014. This is the fifth consecutive time Agrium has been honored with this award and we are very pleased to be recognized again. This recognition is sponsored by Mediacorp Canada Inc. More than 12,000 employers across the country were invited to participate in the competition this year.

The companies considered for the Top 100 Employers were graded by Mediacorp editors on eight key areas: (1) Physical Workplace; (2) Work Atmosphere & Social; (3) Health, Financial & Family Benefits; (4) Vacation & Time Off; (5) Employee Communications; (6) Performance Management; (7) Training & Skills Development; and (8) Community Involvement. These criteria have remained consistent since the competition’s inception in 1999. For detailed reasons why Agrium was chosen as one of the Top 100 Employers, visit: http://www.eluta.ca/top-employer-agrium

Canada’s Best Diversity Employers - 2014[edit]

Canada’s Best Diversity Employers recognizes employers across Canada that have exceptional workplace diversity and inclusiveness programs. This competition examines a range of diversity initiatives. Agrium has placed in the top company categories for the last six years. To read more about why Agrium received the award again in 2013, visit: http://www.eluta.ca/diversity-at-agrium

Alberta’s Top 65 Employers - 2014[edit]

Agrium was named one of Alberta’s Top 65 Employers for 2014. This is the tenth consecutive year we have achieved this honor. Companies are awarded this status based on being an industry-leader in offering employees exceptional places to work. To read more about why Agrium was chosen, visit: http://www.eluta.ca/top-employer-agrium

The 2013 Achievers U.S. 50 Most Engaged Workplaces[edit]

Agrium was honored with The 2013 Achievers U.S. 50 Most Engaged Workplaces™ award. This annual award recognizes top employers that display leadership and innovation in engaging their workplaces. Agrium was selected with a focus on Crop Production Services as our largest entity in the U.S. from an employment perspective. To read more about why Agrium was chosen, visit: http://www.newswire.ca/en/story/1288839/achievers-announces-the-winners-of-its-50-most-engaged-workplacestm-awards

Immigrant Services Calgary Organizational Diversity Award - 2013[edit]

This award is presented to a business, government or non-profit organization or media outlet that is leading the field in implementing diversity initiatives in the workplace – a shining example of true labor market integration, that has made significant contributions in serving ethnically diverse client groups. To read more about why Agrium was chosen, visit http://immigrantservicescalgary.ca/ida/recipients

References[edit]

External links[edit]