52°07′25″N106°39′56″W / 52.123623°N 106.665569°W /52.123623; -106.665569
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 Nutrien head office in Saskatoon | |
| Company type | Public company |
|---|---|
| TSX: NTR NYSE: NTR S&P/TSX 60 Component | |
| Industry | Agriculture |
| Predecessors | PotashCorp,Agrium |
| Founded | 2018 |
| Headquarters | Saskatoon,Saskatchewan,Canada |
Number of locations | 1200 stores (2018) |
Area served | Worldwide |
Key people | Ken Seitz (President &CEO),[1] andRuss Girling (Executive Chair) |
| Revenue |  US$29.056 billion[2] (2023) |
| US$2.745 billion[2] (2023) | |
| US$1.282 billion[2] (2023) | |
| Total assets | US$52.749 billion[2] (2023) |
| Total equity | US$25.201 billion[2] (2023) |
Number of employees | 23,400[2] |
| Subsidiaries | Agrium,PotashCorp (PCS), Agrichem do Brasil S.A., Agrible, Inc., Actagro, Grupo TEC AGRO, |
| Website | www |
Nutrien is a Canadianfertilizer company based inSaskatoon,Saskatchewan. It is the largest producer ofpotash, second largest producer ofnitrogen fertilizer in the world and generally the 2nd largest in fertilizers worldwide.[3][4] It has over 2,000 retail locations across North America, South America, and Australia with more than 23,500 employees.[5] It is listed on the Toronto Stock Exchange (symbolNTR) and New York Stock Exchange (symbolNTR), with a market capitalization of $34 billion as of January 2018.[5] It was formed through the merger ofPotashCorp andAgrium, in a transaction that closed on January 1, 2018.[6]
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.[3] The new company also hopes to reduce costs through consolidation; it estimates that it will be able to decrease costs by $500 million USD.[7]
The transaction was originally expected to close in mid-2017, but was delayed to January 2018 because of regulatory hurdles; final regulatory approval from theUnited States Federal Trade Commission (FTC) was only received in December 2017. Based on the terms of the merger, former PotashCorp shareholders were given 52% of Nutrien, while Agrium shareholders were given 48%.[7] Agrium CEOCharles Magro became CEO of the new company, while PotashCorp CEO Jochen Tilk became Executive Chair.[5] Nutrien is based in Saskatoon, the former headquarters of PotashCorp, but it will maintain corporate offices inCalgary, the former headquarters of Agrium.
In May 2018, Nutrien announced it would sell toTianqi Lithium a 24% stake in the Chilean mining companySociedad Química y Minera (SQM) for approximately $4.1 billion.[8][9] Tianqi was to purchase 62.5 million SQM A shares for $65 each. Nutrien needed to satisfy the Chinese and Indian regulators because of concerns it would corner the potash market.[9][10][11] The sale closed on 5 December 2018.[12]
In February 2019, Nutrien, through its Australian subsidiary Landmark Operations[13] announced the proposed acquisition of Australian rural retail organizationRuralCo.[14] The acquisition was finalized on October 1, 2019, after which Ruralco was delisted from the ASX.[15] After this acquisition, Nutrien now supplies 650 rural merchandise stores in Australia, or approximately 45% of all rural merchandise stores in Australia.[16]
In July 2022, Nutrien announced that it would acquire Brazilian retail fertilizer company Casa do Adubo, increasing its expansion in Latin America.[17]
Nutrien's main competitors include other potash, phosphate and nitrogen producers, such asThe Mosaic Company,Yara International ASA,CF Industries Holdings Inc andK+S AG.
Nutrien reported TotalCO2e emissions (Direct + Indirect) for 31 December 2020 at 13,160 Kt (-220 /-1.6% y-o-y).[18]
| Dec 2018 | Dec 2019 | Dec 2020 |
|---|---|---|
| 14,240[19] | 13,380[20] | 13,160[18] |
China's Tianqi Lithium Corp (002466.SZ) said on Thursday it will buy nearly a quarter of Chilean lithium producer SQM SQMa.SN for $4.1 billion, gaining it coveted access to a key ingredient in rechargeable batteries that power mobile phones and electric cars.
Major mining companies | |
|---|---|
Methodology: FY2010/11 revenues of over US$5 billion | |
