Yara with permanent NPK closure in Peremarton, Hungary

2009-05-28 08:13:04 -

London, May , 28, 2009

Oslo (2009-05-28): Yara International ASA will permanently close its

NPK plant in Peremarton, Hungary.





The Peremarton plant has an annual production capacity of 150,000

tons NPK. The production has been temporarily stopped since early

October 2008. The plant became part of Yara with the acquisition of

Kemira GrowHow in 2007, producing NPK fertilizer based on purchased

nutrients. The plant lacks access to competitively priced raw

materials and would need significant investments to bring it up to

Yara efficiency and quality standards. The plant is neither flexible

enough to accommodate the new market requirements regarding nitrogen,

phosphate and potash combinations. The plant has 110 employees.



Yara will continue to fulfill customer contracts from built-up stock

and alternative product sourcing, demonstrating Yara's flexible

business model.







Contact





Torgeir Kvidal, Investor Relations

Telephone  (+47) 24 15 72 95

Cellular (+47) 91 339 832

E-mail torgeir.kvidal@yara.com



Bente Slaatten, Media Relations

Cellular (+47) 91 60 62 15

E-mail bente.slaatten@yara.com





Yara International ASA is the world's leading chemical company that

converts energy, natural minerals and nitrogen from the air into

essential products for farmers and industrial customers. As the

number one global supplier of mineral fertilizers, we help provide

food for a growing world population. Our industrial product portfolio

includes environmental protection agents that prevent air pollution.

Yara's global workforce of 8000 employees represents the great

diversity and knowledge that enables Yara to remain a leading

performer in the industry.

www.yara.com





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