The Mosaic Company

Infobox Company
name = The Mosaic Company

type = Privately-controlled public company (NYSE|MOS)
genre =
foundation = 2004
founder =
location_city = Plymouth, Minnesota
location_country = United States
location =
locations =
key_people = James T. Prokopanko, (CEO)
industry = Agriculture
products = Phosphate, Potash, Feed
services =
revenue = increase9.8 billion (2008)
operating_income =
net_income =
assets =
equity =
owner = Cargill (67%)
num_employees =
slogan =
homepage = [http://www.mosaicco.com www.mosaicco.com]

The Mosaic Company is a Fortune 500 company based in Plymouth, Minnesota. Mosaic is the combination of two leaders in the fertilizer industry, IMC Global and Cargill Crop Nutrition Division.

The Mosaic Company offers three key fertilizer products—phosphate, potash, and nitrogen—plus specialty products such as K-Mag and MicroEssentialsTM S15.

Quick Facts

*Mosaic is the world's largest producer of phosphate and second largest producer of potash, two crop nutrients which are primary ingredients in producing fertilizer. The company sold 15.7 million metric tonnes of fertilizer during its 2008 fiscal year.
*Mosaic is also the exclusive marketing agent of 1.2 mmt (million metric tons) of nitrogen products
*Employs approximately 7,000 people worldwide
*Mosaic launch date: October 25, 2004
*Formed by merger between Cargill Crop Nutrition and IMC Global
*Corporate headquarters: Minneapolis, Minnesota
*Chairman of the Board of Directors: Robert L. Lumpkins
*Chief Executive Officer and President: James T. Prokopanko
*Operates key distribution facilities in 11 countries which serve customers in 33 countries
*Operates port terminals, warehouses and blending and bagging facilities in nine countries
*Operates 16 phosphate rock mines and plants, five potash production facilities and one nitrogen production facility

The Mosaic Company Timeline

• 2004
• October: The Mosaic Company launches as the world's second largest crop nutrition firm with the combination of Cargill Crop Nutrition and IMC Global, Inc. The Mosaic Company (NYSE:MOS) begins trading as the newest Fortune 500-sized firm on the New York Stock Exchange.
• June: Mosaic announced as name for newly-formed company
• January: IMC Global and Cargill Crop Nutrition enter into definitive agreement


• 2005
• September: Mosaic Louisiana operations suffer only minor damage after Hurricane Katrina devastates Texas, Louisiana and Mississippi Gulf Coasts. Mosaic donates $50,000 to the American Red Cross and matches employee donations
• September: Mosaic closes Kingsford phosphate mine, Mulberry, Florida
• May: Mosaic begins construction on a 200,000 metric tonne Grannular Single Super Phosphate(GSSP) plant in Quebracho, Argentina
• April: Mosaic announces 400,000 ton expansion of Esterhazy, Saskatchewan mine
• April: Mosaic corporate office moves to the Atria Corporate Center, 3033 Campus Drive, Plymouth, Minnesota
• April: Mosaic opens 50,000 mt/y storage facility with capacity to blend 180,000 ton/yr in Rio Verde, Brazil
• March: Mosaic opens 50,000 mt/y storage facility with capacity to blend 180,000 ton/yr in Sorriso, Brazil
• January: Mosaic opens 200,000 mt/yr bulk blending and fertilizer facility in Qinghuangdao, China


• 2006
• August: 200,000 metric tonne Grannular Single Super Phosphate (GSSP) plant opens in Quebracho, Argentina
• July: Jim Prokopanko named Mosaic Chief Operating Officer
• May: Mosaic closes Green Bay and South Pierce phosphate fertilizer production facilities and Fort Green mine in Central Florida
• January: Mosaic Esterhazy Mine Fire sets a world-wide example of mining safety when 72 trapped miners are brought safely to surface


• 2008
• April: Mosaic announced additional potash capacity expansions in Saskatchewan. The total expansions announced, together wit hthose announced in May 2007, are expected to increase Mosaic's annual capacity by approximately 5.1 million tonnes to 15.5 million tonnes. The expansions are projected to occur over the next 12 years, with the first expansion production coming on line in 2009.
• June: Two of three credit rating agencies, Fitch Inc. and Standard and Poor's Ratings Services, have upgraded Mosaic's unsecured debt ratings to investment grade status.
• July: The Mosaic Company and Investment Saskatchewan announced a definitive agreement to sell Saskferco Products ULC to Yara International ASA (Yara) for approximately CDN $1.6 billion.
• July: Mosaic quadruples fiscal 2008 Q4 net earnings over year-ago. Net sales and net earnings in fiscal 2008 totaled over $9.8 billion and $2.1 billion, up 70% and 396% respectively, from a year ago.

References

External links

* [http://www.mosaicco.com/ The Mosaic Company web site]
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