Yara and Akzo Nobel enter global marketing agreement

24-May-2005

Yara International ASA and Akzo Nobel's Chelates and Micronutrients business have entered into a global marketing cooperation within chelated micronutrients, a range of specialty products used worldwide. The agreement is another step in providing Yara's customers with a complete nutritional program.

Yara and Akzo Nobel Chelates and Micronutrients expect the global cooperation to further strengthen the market position of both companies and that Yara's global distribution set-up will enable further growth of chelated micronutrients. Yara together with SQM, in line with the marketing agreement between the two companies, will, with the exception of Italy, Spain, Israel and USA, become the exclusive distributor worldwide for Akzo Nobel within the agricultural application segment.

"Chelated micronutrients are complementing our strong product portfolio within specialty plant nutrients. We believe we will increase the sale of chelated products significantly over the next years," says Terje Knutsen, Vice President Downstream Marketing and Specialities at Yara.

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