Agrium announces changes in potash fertilizer capacity.CALGARY, Alberta--(BUSINESS WIRE)--Oct. 11, 1995--Agrium Inc. announced today that low cost incremental Additional or increased growth, bulk, quantity, number, or value; enlarged. Incremental cost is additional or increased cost of an item or service apart from its actual cost. changes to be implemented by early 1997 at its Vanscoy, Saskatchewan Vanscoy is a village of 339 residents in the rural municipality of Vanscoy No. 345, in the Canadian province of Saskatchewan. Vanscoy is located on Highway 7 near Highway 762 in central Saskatchewan near Saskatoon the largest city in the province. fertilizer operation will result in a 32 percent increase in its ability to produce premium grade potash potash: see potassium carbonate. potash Name used for various inorganic compounds of potassium, chiefly the carbonate (K2CO3), a white crystalline material formerly obtained from wood ashes. . Agrium President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. John M. Van Brunt said the change in product mix reflects his company's belief in the future of the potash industry. "We see long term strength returning to potash markets around the world," Mr. Van Brunt said. "This project will increase our flexibility to produce either standard or premium grade potash depending on customer need." Incremental capital expenditures to achieve the change in product mix will total approximately Cdn $32 million (U.S. $23 million). The change will also increase the facility's overall production capacity by 15 percent to 1.56 million tonnes (1.72 million tons). Current annual production capacity is 1.36 million tonnes (1.5 million tons). Agrium Inc. is one of North America's largest integrated and diversified fertilizer companies. CONTACT: Agrium Inc. Dick Nichols Richard Nichols (born April 29, 1926) is a U.S. Representative from Kansas. Born in Fort Scott, Kansas, Nichols attended public schools. He earned his B.S. from Kansas State University in 1951. He was ensign in the United States Navy from 1944 to 1947. , 403/258-5746 |
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