(This factbox appears as part of a special package highlighting the global potash industry.) (In U.S. dollars)
Sept 22 (Reuters) - Potash Corp of Saskatchewan POT.TO, the world’s largest producer of potash, plans to stay ahead of its rivals by expanding its production capacity over the next few years.
The following are some key facts about Potash Corp:
* Potash Corp was formed by the Saskatchewan government in 1975. The company employed about 5,300 people at the end of 2008.
* The company became a publicly traded corporation in 1989 and the government no longer has any stake in it.
* Potash Corp produces potash, nitrogen and phosphate products and markets them to fertilizer, industrial and animal feed customers around the world. It produces potash from six mines in Saskatchewan and one mine in New Brunswick.
* In 2008, the company’s potash production was 8.7 million tonnes, representing 47 percent of North American output.
* The company’s potash operations represented 17 percent of global production and 22 percent of global capacity last year.
* Potash expects planned expansions at existing sites to increase its constructed potash capacity to 18 million tonnes a year by the end of 2012.
* The company has ownership interests in four global potash businesses: Arab Potash Co APOT.AM in Jordan, Israel Chemicals Ltd (ICL.TA) in Israel, Sociedad Quimica y Minera de Chile S.A. (SQM.N) in Chile, and Sinofert Holdings Ltd (0297.HK) in China. The market value of the investments is currently about $6.6 billion.
* Canpotex, the overseas potash marketing arm of Potash Corp, Mosaic Co (MOS.N) and Agrium Inc AGU.TO, commenced operations in 1972. Canpotex sales are allocated based on production capacity— Potash Corp supplies about 54 percent of Canpotex’s requirements, with 38 percent supplied by Mosaic and the remaining 8 percent coming from Agrium. (Reporting by Chakradhar Adusumilli; Editing by Frank McGurty)