On 25th March 2004, as a result of the de-merger from Norsk Hydro, Yara International ASA became an independent company listed on the Oslo stock exchange.
The new name promised a new start and signified land, soil and harvest and a ‘good year’. So, four months on and following the second quarter results, we asked Yara whether the industrial segment is promising to harvest a healthy yield?
Q: Following the 2nd Quarter results, is Yara pleased with the performance of the Industrial segment of the business?
A: Yes, the Industrial segment delivered a 30% increase in EBITDA compared with the same quarter last year, with volume growth for most products. Industrial has performed well for years based on a combination of economy of scale in production and a strong commercial drive in the organisation.
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