“Market Cap $19.86 B As of May 2014 At a Glance
- Industry: Specialized Chemicals
- Founded: 2004
- Country: United States
- CEO: James Prokopanko
- Website: www.mosaicco.com
- Employees: 8,200
- Sales: $8.17 B
- Headquarters: Plymouth, Minnesota
Forbes Lists #601 Global 2000
- #1141 in Sales
- #497 in Profit
- #1068 in Assets
- #554 in Market value
The Mosaic Co. engages in the production and marketing of concentrated phosphate and potash crop nutrients for the global agriculture industry. It offers phosphate & potash based crop nutrients and animal feed ingredients. The company engages in every phase of crop nutrition development, from the mining of resources to the production of crop nutrients, feed and industrial products for customers around the globe. Its customers include wholesalers, retail dealers and individual growers. The company operates its business in two segments: Phosphates and Potash. The Phosphates segment owns and operates mines and production facilities in Florida, which produces concentrated phosphate crop nutrients. The Potash segment produces potash and sells it throughout North America principally as a fertilizer. The company was founded on October 22, 2004 and is headquartered in Plymouth, MN.“
Mosaic is a young company rooted in history and experience. Recognized as innovators in our field, this status owes much to the combined strengths of the crop nutrition business of Cargill, Inc. and IMC Global Inc., our founding companies. Each of these companies has been recognized as worldwide leaders in the crop nutrition industry for decades. In March 2014, Mosaic completed its acquisition of the phosphate business of CF Industries, Inc.
IMC Global dates back to 1909, when entrepreneur Thomas Meadows became involved in the phosphate mining business. In 1940, the company mined 50,000 tonnes of potash from its Carlsbad, N.M., plant. IMC Global mined approximately 1.7 million tonnes in the same location in 2003, helping the company earn $2.2 billion in revenue.
A grain backhaul opportunity launched the crop nutrition business of Cargill in the 1960s. Product was needed to fill empty barges to make a profitable roundtrip, so Cargill — already a leading agribusiness company — entered the crop nutrition business. From there, the division grew to be one of the world’s top producers of phosphate and nitrogen fertilizer.
Today, Mosaic is the world’s leading producer and marketer of concentrated phosphate and potash. We employ approximately 8,900 people in eight countries and participate in every aspect of crop nutrition development.”
*Information from Forbes.com and Mosaicco.com **Video published on YouTube by “MosaicCompany“