K+S

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K+S AG
Aktiengesellschaft
Traded as
IndustryChemicals revenue = 3.82 billion (2014)[1]
Founded1889
HeadquartersKassel, Germany
Key people
Burkhard Lohr (CEO and Chairman of the executive board), Ralf Bethke (Chairman of the supervisory board)
ProductsFertilizers, plant chemicals, salt
€641.3 million (2014)[1]
€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]
Websitewww.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]

Share of the Kaliwerke Salzdetfurth AG, issued 1. April 1928

K+S was founded in 1889 as Aktiengesellschaft für Bergbau und Tiefbohrung, was renamed to Kaliwerke Salzdetfurth AG in 1899 an was again renamed to Salzdetfurth AG in 1937. 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. From September 22, 2008 to March 21, 2016 the stock was part of German stock index DAX, consisting of the 30 major German companies trading on the Frankfurt Stock Exchange.[4] It was excluded from the DAX because of inadequate market capitalization. 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, Russia, Spain, Sweden and Switzerland in Europe, The Bahamas, Canada and the US in North America, Brazil, Chile and Peru in South America, China, India and Singapore in Asia, and South Africa in Africa.[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
  • Complementary activities[6]

Subsidiaries[edit]

See also[edit]

References[edit]

  1. ^ a b c d e f g "Annual Report 2014" (PDF). K+S. Retrieved 29 July 2015.
  2. ^ Levy, Tal (4 September 2007). "Market report / Hapoalim stock wilts on top-level rumbles". Haaretz. Retrieved 2008-10-19.
  3. ^ Burger, Ludwig (2 April 2009). "Five facts about K+S' takeover of Morton Salt". Reuters. Retrieved 2009-08-10.
  4. ^ K+S Replaces TUI in DAX
  5. ^ K+S Website, Sites
  6. ^ K+S Website, Our business
  7. ^ Morton Salt
  8. ^ K+S Potash Canada
  9. ^ K+S Chile S.A.
  10. ^ K+S KALI GmbH
  11. ^ esco – european salt company GmbH & Co.KG
  12. ^ Chemische Fabrik Kalk GmbH (CFK)
  13. ^ K+S Transport GmbH

External links[edit]