Agrium

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Agrium Inc.
Public company
Traded as TSXAGU
NYSEAGU
(until December 2017)
Industry Chemicals, Agriculture
Fate Merged with PotashCorp
Successor Nutrien
Founded 1931
Defunct December 2017 (2017-12)
Headquarters Calgary, Alberta, Canada
Area served
Worldwide
Key people
Victor J. Zaleschuk (Director)
(Chairman of the Board)

Chuck Magro (CEO)
Products Agricultural products and services
Revenue Increase US$16.0 billion (2014)[1]
Increase US$3.6 billion (2014)[1]
Increase US$720 million (2014)[1]
Total assets IncreaseUS$17.1 billion (2014)[1]
Total equity Increase US$6.7 billion (2014)[1]
Number of employees
15,500 (2014)[1]
Divisions Agrium Retail
Agrium Wholesale
Subsidiaries Agrium U.S.
Website Agrium.com

Agrium was a major retail supplier of agricultural products and services in North America, South America and Australia and a wholesale producer and marketer of all three major agricultural nutrients and a supplier of specialty fertilizers in North America.

Agrium was founded as Cominco Fertilizers (short for Consolidated Mining and Smelting Company[2]) in 1931 and changed its name to Agrium in 1995. Agrium is headquartered in Calgary, Alberta, Canada. Crop Production Services, Inc., a subsidiary company, is based in Loveland, Colorado and is the location of Agrium's Retail Business Unit head office. The company is a part-owner of Canpotex, which manages all potash exporting from Saskatchewan.[3]

On September 12, 2016, Agrium announced that it had agreed to merge with PotashCorp, which will make the combined company, Nutrien, the largest producer of potash and second-largest producer of nitrogen fertilizer worldwide.[4][5][6] Agrium will divest certain U.S. assets.[7] The merger closed on January 1, 2018.[8]

Business units[edit]

Agrium operates in two business segments:

Retail[edit]

Agrium operates close to 1,500 retail agricultural centres in the U.S., Canada, South America and Australia under the brand names Crop Production Services (CPS), Crop Production Services Canada (CPSC), Agroservicios Pampeanos S.A. and Landmark.[9] Crop Production Services was acquired in 1994.

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.[10] This acquisition adds to the retail division of Agrium. Roughly 40% of the AWB holdings were sold to Cargill, including the Commodity Management Business.[11]

In October 2013, Agrium announced the acquisition of Viterra's Canadian retail assets,[12] after previously acquiring Viterra's retail locations in Australia.[13]

Wholesale[edit]

The Wholesale segment produces nitrogen, phosphate, potash and sulphur-based fertilizers. This segment also owns and operates a potash mine and production facility in the Rural Municipality of Vanscoy No. 345 in Saskatchewan, Canada, and a phosphate mine in Conda, Idaho, U.S.

The Wholesale segment engages in the ownership of nitrogen-based fertilizer plants in Bahía Blanca, Argentina and in Damietta, Egypt.

Environmental and social impacts[edit]

In 2006 the U.S. EPA fined[14] 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.[15] 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.[16]

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.[17]

References[edit]

  1. ^ a b c d e f "Annual Report 2014". Retrieved 2008-10-07. 
  2. ^ http://www.michaelkluckner.com/bciw4blaylock.html
  3. ^ "Canpotex Limited - Complete Profile". Industry Canada. 2009-06-18. Retrieved 2010-09-07. 
  4. ^ MacPherson, Alex (2017-06-21). "'Something forward-thinking, with the promise of innovation': PotashCorp, Agrium to merge as Nutrien". The StarPhoenix. Retrieved 2017-06-21. 
  5. ^ "Agrium-PotashCorp merger could signal 'next great frontier,' Calgary chamber president says". CBC News. Retrieved 13 September 2016. 
  6. ^ "Potash Corp., Agrium agree to merger that would create $36B agriculture giant". CBC News. 2016-09-12. Retrieved 2016-09-12. 
  7. ^ "Agrium sells U.S. plants to ease Potash Corp merger concerns". BNN. 2017-11-07. Retrieved 2017-11-07. 
  8. ^ "Merger of PotashCorp and Agrium finalized as shares in Nutrien start trading". CBC News. Retrieved 2018-01-03. 
  9. ^ http://www.agrium.com/ext/Annual-Report-2014/
  10. ^ "Agrium completes acquisition of AWB". Retrieved 2011-11-12. 
  11. ^ "Agrium Sells AWB Commodity Management Business to Cargill". Retrieved 2011-11-12. 
  12. ^ http://www.agcanada.com/daily/agrium-seals-deal-for-viterra-retail-chain
  13. ^ https://www.reuters.com/article/2013/09/05/us-glencore-viterra-idUSBRE98411P20130905
  14. ^ Agrium Royster-Clark Clean Air Settlement | Civil Enforcement | Compliance and Enforcement | US EPA Archived April 8, 2009, at the Wayback Machine.
  15. ^ Agrium U.S. faces Clean Air Act violations in Kennewick | Newsroom | US EPA
  16. ^ Kennewick Fertilizer Plant Issued $24,575 Penalty for Late Reporting of Hazardous Gas Release | Newsroom | US EPA
  17. ^ Alaska Department of Environmental Conservation, Contaminated Sites Database, Cleanup Chronology Report for UNOCAL/Agrium Ammonia Urea Plant Archived July 27, 2011, at the Wayback Machine. accessed December 2010

External links[edit]

Media related to Agrium at Wikimedia Commons