K+S

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K+S AG
Type Aktiengesellschaft
Traded as FWB: SDF
Industry Chemicals
Founded 1889
Headquarters Kassel, Germany
Key people Norbert Steiner (CEO and Chairman of the executive board), Ralf Bethke (Chairman of the supervisory board)
Products Fertilizers, plant chemicals, salt
Revenue €4.994 billion (2010)[1]
Operating income €726.9 million (2010)[1]
Profit €448.6 million (2010)[1]
Total assets €5.574 billion (end 2010)[1]
Total equity €2.652 billion (end 2010)[1]
Employees 15,170 (FTE, average 2010)[1]
Website www.k-plus-s.com

K+S AG (formerly Kali und Salz GmbH ) is a German-based agricultural chemical and salt company, headquartered in Kassel. The company is Europe's largest supplier of potash for use in fertilizer[2] and, after the acquisition of Morton Salt, the world's largest salt producer.[3] The firm also produces and distributes other mineral fertilizers, such as those from magnesium salts, as well as potting soils and other plant nutrients.

Operations

K+S was founded in 1889 as Aktiengesellschaft für Bergbau und Tiefbohrung and was renamed to Salzdetfurth AG in 1899. After merging with the potash division of BASF subsidiary Wintershall in 1973 the company was renamed to Kali und Salz (Kalium = potassium and Salz = salt in German). In 1999 the company was renamed to K+S. K+S has been expanding internationally and is represented in 15 different countries: Austria, Belgium, the Czech Republic, France, Greece, Germany, Italy, the Netherlands, Poland, Portugal, Spain, Sweden, Switzerland and the UK in Europe, Chile in South America and Canada and The US in North America.

See also

References

  1. ↑ 1.0 1.1 1.2 1.3 1.4 1.5 "Annual Report 2010". K+S. Retrieved 2 April 2011. 
  2. ↑ Levy, Tal (4 September 2007). "Market report / Hapoalim stock wilts on top-level rumbles". Haaretz. Retrieved 2008-10-19. 
  3. ↑ Burger, Ludwig (2 April 2009). "Five facts about K+S' takeover of Morton Salt". Reuters. Retrieved 2009-08-10. 

External links

DAX companies of Germany

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