Our long-term capital investments provide strong financial and strategic benefit as we seek to be the lowest-cost delivered supplier into all key global markets.
We look for opportunities to prudently add to these and other potash-related investments as they arise.
Sinofert is the largest fertilizer importer and distributor in China, and one of the largest fertilizer manufacturers.
Sinofert owns about 9.0 percent of Qinghai Salt Lake Industry Co., China’s largest potash producer.
PotashCorp owns 22 percent of Sinofert and appoints two of the company’s eight board seats. At 53 percent, Sinochem is the company’s largest shareholder. A 25 percent public float is also traded on the Hong Kong Stock Exchange under the symbol 297 HK.
See how and when we acquired our ownership interest in these companies here.