Nutrien is a Canadian fertilizer company headquartered in Saskatoon, Saskatchewan, Canada. It has 1,500 retail stores and more than 23,100 employees. It is listed on the Toronto Stock Exchange (symbol NTR) and New York Stock Exchange (symbol NTR), with a market capitalization of $34 billion as of January 2018.
PotashCorp and Agrium first proposed merging in September 2016. The merger was suggested in the context of low fertilizer prices, leading to the hope that a larger company will be better able to increase prices. The new company also hopes to reduce costs through consolidation.
Nutrien is the world’s largest potash producer with over 20 million tons of potash capacity at its six lower-cost potash mines in Saskatchewan. With decades of high-quality reserves and our multi-year expansions complete, it is well positioned to meet the world’s long-term potash needs.
Nutrien’s network of over 2,000 retail locations in seven countries provide a wide range of products and services to help growers around the world feed the future. Nutrien provides the customers with complete agriculture solutions including nutrients, crop protection products, seed, services, and digital tools.
Potash includes various mined and manufactured salts that contain potassium in water-soluble form. The name derives from pot ash, which refers to plant ashes or wood ash soaked in water in a pot, the primary means of manufacturing the product before the Industrial Era.
Potash is produced worldwide in amounts exceeding 90 million tonnes (40 million tonnes K2O equivalent) per year, with Canada being the largest producer, mostly for use in fertilizer. Various kinds of fertilizer-potash constitute the single greatest industrial use of the element potassium in the world. Potassium was first derived in 1807 by electrolysis of caustic potash (potassium hydroxide).
According to Wikipedia; Nutrien; reuters