Koch Fertilizer Trading Sarl, an affiliate of Koch Fertilizer LLC, and K+S North America Corp., a fully-owned subsidiary of K+S Aktiengesellschaft, have signed an exclusive master supply agreement for potash fertilizer produced at the K+S Legacy mine in Saskatchewan.
"This is an exciting opportunity for Koch Fertilizer to grow our portfolio of fertilizer products to U.S. retailers," said Scott McGinn, president of Koch Fertilizer. "We are proud to enter an agreement with K+S. This new agreement allows Koch Fertilizer to provide additional high quality products produced in North America."
The C$ 4.1 billion K+S Legacy mine will reach an annual capacity of about two million tonnes of potash by the end of 2017. Koch Fertilizer Trading Sarl receives exclusive rights to supply of a projected annual volume of 500,000 short tons (~ 453,000 million metric tonnes) of granular potash for its U.S. customers.
"We are seeing enormous interest in potash from our Legacy mine both from existing and new customers. Koch Fertilizer is a distinguished partner with excellent experience marketing a robust portfolio of fertilizer products. This relationship highlights our position as a reliable and independent supplier in the market," says Dr. Andreas Radmacher, Member of K+S’ Board of Executive Directors and in charge of the Potash and Magnesium Products business unit.
No further details of the agreement are available.