K+S

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K+S AG
Aktiengesellschaft
Traded as
Industry

Chemicals

revenue = 3.82 billion (2014)[1]
Founded 1889
Headquarters Kassel, Germany
Key people
Norbert Steiner (CEO and Chairman of the executive board), Ralf Bethke (Chairman of the supervisory board)
Products Fertilizers, plant chemicals, salt
€641.3 million (2014)[1]
Profit €366.6 million (2014)[1]
Total assets €7.855 billion (end 2014)[1]
Total equity €3.975 billion (end 2014)[1]
Number of employees
14,295 (FTE, average 2014)[1]
Website www.k-plus-s.com

K+S AG (formerly Kali und Salz GmbH) is a German chemical company headquartered in Kassel. The company is Europe’s largest supplier of potash for use in fertilizer[2] and, after the acquisition of Morton Salt, the world's largest salt producer.[3] The firm also produces and distributes other mineral fertilizers, such as those from magnesium and sulphur. K+S is mainly active in Europe, North and South America with more than 14,000 employees worldwide (2014).[1]

History[edit]

K+S was founded in 1889 as Aktiengesellschaft für Bergbau und Tiefbohrung and was renamed to Salzdetfurth AG in 1899. After merging with the potash division of BASF subsidiary Wintershall in 1973 the company was renamed to Kali und Salz (Kalium = potassium and Salz = salt in German). In 1999 the company was renamed K+S. Since September 22, 2008 the stock is part of German stock index DAX, consisting of the 30 major German companies trading on the Frankfurt Stock Exchange.[4] K+S has expanded internationally and is represented in 22 different countries: Belgium, the Czech Republic, France, Germany, Great Britain, Italy, the Netherlands, Poland, Portugal, Russian Federation, Spain, Sweden and Switzerland in Europe, Canada and the US in North America, Brazil, Chile and Peru in South America, South Africa, China, India and Singapore.[5]

Operations[edit]

The K+S Group has three divisions, which are strategically, technically and economically closely linked. They are supported by service units and holding functions of the K+S AG

  • Potash and Magnesium Products
  • Salt
  • ComplementaryActivities.[6]

Subsidiaries[edit]

  • Morton Salt, based in Chicago, USA [7] (parent of Canadian Salt Company)
  • K+S Potash Canada GP, based in Saskatoon, Canada [8]
  • K+S Chile S.A., based in Santiago, Chile [9]
  • K+S KALI GmbH, based in Kassel, Germany [10]
  • esco – European salt company GmbH & Co.KG, based in Hannover, Germany [11]
  • Chemische Fabrik Kalk, based in Cologne, Germany [12]
  • K+S Transport GmbH, based in Hamburg, Germany [13]

See also[edit]

References[edit]

External links[edit]