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Yara Suomi

Finnish fertilizer company


Finnish fertilizer company

FieldValue
nameYara Suomi Oy
logo_size180px
former_nameKemira GrowHow Oyj
typeWholly owned subsidiary
foundation
location_cityEspoo
location_countryFinland
key_peopleHeikki Sirviö, CEO
industryAgriculture, chemicals
productsFertilizers, chemicals
revenue1,166.2 million EUR (2006)
net_income7.8 million EUR (2006)
ownerYara International
num_employees2,500 (2006)
homepage

Yara Suomi Oy (formerly Kemira GrowHow Oyj) is a fertilizer producer headquartered in Espoo, Finland. Its products are sold in over 100 countries but it has market stronghold in Northern Europe. Most of the revenue (55%) comes from Western Europe, particularly from the UK and Ireland (18%).

Kemira Growhow was a division of Kemira, which was originally a fertilizer producer owned by state of Finland. Kemira's operations were started in 1920, and Kemira Growhow was separated from the rest of Kemira in 2004. In 2004, Kemira Growhow had 2,700 employees, a revenue of 1,220.9 million euros, with profit 47.8 million euros.

On 24 May 2007, Yara International, a Norwegian rival, bought 30.05% of the company from the Finnish State and offered to buy the rest, valuing the company at 671.8 million euros. After the EU approval, Yara completed the acquisition, and in March 2008, Kemira GrowHow became Yara's subsidiary Yara Suomi and started rebranding its products to Yara.

References

References

  1. "Yara Suomi Oy".
  2. Iivonen, Jyrki. (25 May 2007). "GrowHow ja Yara ovat nuoria pörssiyhtiötä".
  3. (24 May 2007). "Norjalaisyhtiö ostaa Kemira GrowHow'n".
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