Yara International

Infobox_Company | company_name = Yara International ASA
company_type = Public (ose|YAR)
company_
company_slogan =
foundation = 1905
location = Oslo, Norway
key_people = Thorleif Enger (President and CEO), Øivind Lund (Chairman of the board)
industry = Chemicals
products = Nitrogen fertilizers, nitrates
revenue = NOK 57,486 million (2007)cite web |url=http://www.yara.com/library/attachments/en/investor_relations/Annual_Reports_2007/Yara_Annual_Report_2007_EN.pdf |title=Annual Report 2007 |publisher=Yara International |accessdate=2008-05-28]
operating_income = profit NOK 4,987 million (2007)
net_income = profit NOK 6,037 million (2007)
num_employees = 8,170 (2007)
homepage = [http://www.yara.com/ www.yara.com]
intl = yes

Yara (ose|YAR) is a Norwegian company and a world leadingFact|date=March 2008 supplier of plant nutrients in the form of mineral fertilizers. The core business of Yara is production and marketing of nitrogen fertilizer such as urea and nitrates. Yara also produces and sells ammonia, the key raw material for all nitrogen fertilizers.

The company was created on March 26, 2004 when Norsk Hydro's Hydro Agri division containing all the company's fertilizer business, was spun off as a separately stock-listed company. Hydro distributed all its Yara shares to Hydro's shareholders and presently has no ownership in Yara.

Yara's main office is located in Oslo. Yara bought 30.05% of Finnish fertilizer company Kemira GrowHow in May 2007 and tendered an offer to buy the rest.

US-based Investors and Yara

Yara shares trade on the Oslo Stock Exchange (OSE). For US-based investors this can translate to additional effort and fees with regards to cross-border trading. To ease investing and avoid such fees, in 2004 [http://findarticles.com/p/articles/mi_m0EIN/is_2004_April_14/ai_115317270/ JPMorgan launched an American Depository Receipt (ADR)] with the ticker "OTC: YARIY". ADRs trade like shares of US companies. One share of the YARIY ADR is equal to one share of YARA on the OSE. Dividends are granted under the ADR the same as they would directly from the OSE stock. The YARIY ADR has "Level 1 (Sponsored)" status. More about what ADRs are and how they work can be found at [http://www.adr.com www.adr.com] and in the Wiki entry for American Depository Receipt.

References

External links

* [http://www.yara.com/en/index.html Yara official website]