August 24, 2022
Yara Australia to sell its Yara Nipro liquid fertiliser business to Incitec Pivot Fertilisers
Yara Australia has agreed to sell all of its interest in the Yara Nipro business, which produces and distributes liquid fertiliser for agricultural use in the Eastern states of Australia, to Incitec Fertilizers Pty Limited (Incitec Pivot Fertilisers), a wholly owned subsidiary of Incitec Pivot Limited.
Yara first acquired an interest in Yara Nipro in 2008 before acquiring full ownership in 2011. Since then Yara Nipro has developed into a leading liquid fertiliser business in the region, however after a careful review Yara has decided the liquid fertiliser business no longer fits with Yara’s growth strategy in Australia. Yara Australia will continue to develop and distribute a premium range of products in Australia for dry application, the fertigation segment and foliar micronutrients.
“This transaction does not affect the other parts of our business operations in Australia. The Pilbara plant will continue in its operations and focus on our upcoming project in renewable hydrogen. Yara Australia will refocus on its core business development activities and transformation efforts to advance farming towards a more sustainable climate-positive food future.“ said Fernanda Lopes Larsen, Executive Vice President, Africa & Asia.
Completion of the transaction is subject to clearance by the Australian Competition and Consumer Commission and scheduled to occur later in the year.
About Yara
Yara grows knowledge to responsibly feed the world and protect the planet. Supporting our vision of a world without hunger and a planet respected, we pursue a strategy of sustainable value growth, promoting climate-friendly crop nutrition and zero-emission energy solutions. Yara’s ambition is focused on growing a climate positive food future that creates value for our customers, shareholders and society at large and delivers a more sustainable food value chain.
To achieve our ambition, we have taken the lead in developing digital farming tools for precision farming, and work closely with partners throughout the food value chain to improve the efficiency and sustainability of food production. Through our focus on clean ammonia production, we aim to enable the hydrogen economy, driving a green transition of shipping, fertilizer production and other energy intensive industries.
Founded in 1905 to solve the emerging famine in Europe, Yara has established a unique position as the industry’s only global crop nutrition company. We operate an integrated business model with around 17,000 employees and operations in over 60 countries, with a proven track record of strong returns. In 2021, Yara reported revenues of USD 16.6 billion.
For further information, contact:
Tim Erbacher
Country Manager
0459 127 346
Bing Lee
Marketing & Communications Manager
0488 441 540
