Yara International ASA
is a Norwegian
-based chemical company
. Its largest business area is the production of nitrogen fertilizer
, however it also encompasses the production of dry ice
and other nitrogen-based chemicals.
The company was established as Norsk Hydro
– the world’s first producer of mineral nitrogen fertilizers – in 1905 and demerged as Yara International ASA on March 25, 2004. Yara is listed on the Oslo Stock Exchange and has its headquarters in Oslo. The company has about 7,300 employees, with operations in more than 50 countries and sales to over 120.
Yara’s history began over a hundred years ago, when Norsk Hydro was founded by industrialists Sam Eyde
, Kristian Birkeland
and Marcus Wallenberg. Norsk Hydro used Norway’s large hydroelectric-energy resources to produce its first product, mineral fertilizer. The company pioneered direct nitrogen fixation
, called the Birkeland-Eyde Process
. This contribution to the fertilizer market attracted global attention as the product enabled farmers to boost their yields.
Norsk Hydro was founded on advanced research. This work was driven by a need to diversify and develop new industries. Even though the production of mineral fertilizer was successful, the company expanded into other businesses, from fertilizers to oil and metals.
The company adopted an international perspective early, sending its first... Read More