 | |
| Company type | Public |
|---|---|
| ASX: DNL | |
| Industry | Mining andManufacturing |
| Founded | Australia |
| Headquarters | Southbank, Victoria,Australia |
| Products | Explosives, Chemicals, Fertilisers |
Number of employees | 5,000 (2018) |
| Subsidiaries | Dyno Nobel andIncitec Pivot Fertilizers |
| Website | www |
Incitec Pivot Limited (ASX: DNL) is an Australianmultinational corporation that manufactures fertiliser, explosives chemicals, and mining service. Incitec Pivot is the largest supplier of fertilisers in Australia; the largest supplier of explosives products and services in North America; and the second largest supplier of explosives products and services in the world. The company began trading on theAustralian Securities Exchange on 30 July 2003 having been formed as the result of a merger betweenIncitec Fertilizers andPivot, and substantially expanded with the acquisition ofSouthern Cross Fertilisers in 2006 andDyno Nobel in 2008.[1]
Incitec Pivot has approximately 5,000 employees and operates in the United States, Canada, Mexico, and Australia. In 2005, the company struck a deal with theGovernment of Nauru to re-develop the country'sphosphatemining industry, which had fallen into disrepair. The company invested $5 million to facilities and machinery, and phosphate mining resumed in late 2006.[2]
Incitec Pivot has based a large part of its fertilizer production on imports of phosphate rock from Western Sahara, a territory which has been occupied by Morocco since 1975.[3] Since such imports are considered in violation of international law, Incitec Pivot has been blacklisted from portfolios of several ethical investors including theUnited Methodist Church,Danske Bank,Storebrand,KLP, and the national pension funds of Sweden and Luxembourg.[4]
As of 31 May 2025 Incitec Pivot Limited has changed its name to Dyno Nobel Limited and its ticker code from IPL to DNL.[5]
Incitec Pivot Limited was formed in 2003 through the merger ofIncitec Fertilisers and the Pivot group, originally established in 1919 as a Victorian farmers’ co-operative.[6] The fertiliser operations were retained as a distinct subsidiary,Incitec Pivot Fertilisers, under the new corporate structure.[7]
Several of the company’s present-day fertiliser sites have much earlier origins, tracing back to nineteenth-century producers such asCuming Smith. Fertiliser works established atYarraville (Melbourne) and Port Adelaide were later absorbed intoCommonwealth Fertilisers and Chemicals (1929) and then intoICIANZ, before becoming part of Incitec following ICI’s divestment of Australian operations in the late twentieth century.[8][9][10]
The merger created the country’s largest fertiliser supplier, which was subsequently expanded by the acquisition of Southern Cross Fertilisers in 2006 and explosives groupDyno Nobel in 2008.[11]
Incitec Pivot Fertilisers (IPF) is a fertiliser manufacturing and distribution subsidiary of Incitec Pivot. IPF operates production facilities, import terminals and distribution networks across Australia, supplying a wide range of fertiliser products to grain, cotton, sugar, dairy and horticultural industries.[12] The business incorporates assets and operations inherited from its predecessors, including the long-established distribution networks of Pivot in Victoria and the manufacturing base of Incitec in Queensland and New South Wales.
Incitec Pivot Fertilisers produces and markets fertilisers for broadacre and specialised agriculture. Its operations include:[13]
IPF also operatessoil testing,agronomy services, and research partnerships to support fertiliser efficiency and sustainable use.
Products marketed by Incitec Pivot Fertilisers include:
Incitec Pivot Fertilisers, along with its parent company, has attracted scrutiny over the importation of phosphate rock from territories with disputed sovereignty, includingWestern Sahara.[14] Several ethical investment funds have excluded the company on these grounds.
