Mosaic opens $84 mn fertiliser plant in Brazil's Matopiba
The plant increases blending capacity and expands Mosaic's presence in the fast-growing northern region of Brazil. With a capacity to process 1 million tonnes of fertilizer annually, and approximately 500,000 tonnes in 2025, the Palmeirante facility will be a key contributor to Mosaic's ambitious growth plans in Brazil. Distribution sales are expected to grow from less than 8 million tonnes in 2024 to 13-14 million tonnes by the end of the decade.
The $84 million investment in the Palmeirante facility has been completed on time and within budget. The facility is expected to earn a margin of $30-$40 per tonne-generating an anticipated internal rate of return in excess of 20 percent and demonstrating the company's commitment to capital allocation execution and reallocation in pursuit of strong shareholder returns.
"The inauguration of our new plant in Palmeirante represents meaningful progress for Mosaic," said Executive Vice President, Commercial Jenny Wang. "Brazil is an agricultural powerhouse, and Mosaic has been a leader in the market for many years. We are providing farmers in the MATOPIBA region with more efficient access to the fertilizers they need and expanding Mosaic's presence in a key growing region."
The facility includes significant warehouse capacity, automated blending and bagging systems, and a direct rail connection to the port of Itaqui-reducing logistics costs and providing state-of-the-art quality control technology. Note: The headline, insights, and image of this press release may have been refined by the Fibre2Fashion staff; the rest of the content remains unchanged.
Mosaic has opened a new $84 million fertiliser plant in Palmeirante, Brazil, boosting its presence in the growing Matopiba region. With a 1 million-tonne annual capacity and expected 2025 output of 500K tonnes, the facility supports Mosaic's target to grow Brazil distribution to 13â€'14 million tonnes by 2030. It offers automated systems, warehouse space, and rail access to Itaqui port.
ALCHEMPro News Desk (HU)
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
News18
13 hours ago
- News18
HT Media narrows Q1 loss to Rs 11.37 cr, revenue rises to Rs 412 cr
Agency: New Delhi, Aug 5 (PTI) HT Media Ltd on Tuesday reported a narrowing of its consolidated net loss to Rs 11.37 crore for the June quarter of FY26, on the back of growth in print and digital business. The company had posted a net loss of Rs 27.59 crore in the April-June quarter of the previous fiscal, according to a regulatory filing from HT Media. Its revenue from operations rose 8.88 per cent to Rs 412.15 crore in the June quarter of FY26. It was Rs 378.51 crore in the corresponding period of the previous fiscal. HT Media's total expenses were at Rs 479.62 crore, up 3.5 per cent in the June quarter. During the quarter, its total income, which includes other income, grew 5.7 per cent to Rs 451.45 crore. HT Media Chairperson Shobhana Bhartia said: 'The first quarter of the current financial year has begun on a strong note, with both operating revenue and profitability showing growth as compared to the previous year." The company's revenue from 'Printing & publishing of newspapers and periodicals' climbed 8.42 per cent to Rs 323.88 crore. 'The Print business has seen strong growth in advertising revenue, reflecting our leading market presence and the continued relevance of Print as an effective medium. Our targeted efforts to grow circulation have delivered steady, sequential gains, further enhancing our reach," Bhartia said. Its revenue from 'Radio broadcast and entertainment' fell 13.18 per cent to Rs 31 crore. 'Growth in our Radio business has been tepid, with the larger industry still facing challenges; however, we are pivoting the business with a renewed focus on growing non-free commercial time revenue," she added. However, revenue from 'Digital' increased 21.12 per cent to Rs 56.48 crore. On this, Bhartia said: 'Our Digital businesses continue to show steady momentum, with our platforms – Mosaic, Shine and OTTplay driving growth through differentiated, future-ready offerings." On the outlook, she said, 'We are working towards accelerating the growth of our Digital business, while deepening the impact of our Print offerings and reimagining the Radio business with experiential and integrated formats." Share of HT Media Ltd settled at Rs 23.37 apiece on the BSE, down 4.96 per cent from the previous close. PTI KRH KRH SHW view comments First Published: Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Fibre2Fashion
13 hours ago
- Fibre2Fashion
US' Caleres buys Stuart Weitzman, names Lelonek brand head
Caleres (NYSE: CAL) ( a market-leading portfolio of consumer-driven footwear brands, announced it has closed on the acquisition of Stuart Weitzman from Tapestry, Inc. for $120.2 million, which included $11.5 million in cash received at the closing. Excluding cash received at the closing, the net purchase price was $108.7 million. The purchase price is subject to final adjustments for net working capital. The agreement to acquire Stuart Weitzman was originally announced in February 2025. This strategic acquisition further strengthens Caleres' position in the global footwear market and adds a storied name in luxury footwear to its diverse brand portfolio. With its legacy of craftsmanship, innovation and iconic style, Stuart Weitzman furthers Caleres' ambition to lead with brands that have unique meaning and resonance with consumers. Jonathan Lelonek, who joined Stuart Weitzman in 2012 and most recently served as SVP of global wholesale, has been named Stuart Weitzman brand president. Lelonek brings deep industry experience and a strong track record in luxury and contemporary footwear, having previously held senior roles in sales and merchandising at Prada, Salvatore Ferragamo and Paul Frank. Caleres has acquired luxury footwear brand Stuart Weitzman, strengthening its global position and adding to its diverse brand portfolio. Jonathan Lelonek has been appointed brand president. With $220 million in trailing 12-month sales, the brand will now be integrated into Caleres' portfolio, which will account for nearly half of total revenue. 'Stuart Weitzman is one of the most iconic names in luxury footwear, and the brand's original designs have embodied elegance and modernity for decades. We are honored to welcome Stuart Weitzman to Caleres as our newest lead brand and to congratulate Jonathan on his appointment as brand president,' said Jay Schmidt, president and CEO of Caleres . 'With the addition of Stuart Weitzman, our Brand Portfolio segment will represent nearly half of our total revenue going forward. As we integrate this iconic brand, we remain committed to preserving the artistry, quality and renowned fit at the brand's core.' Stuart Weitzman generated trailing 12-month sales of approximately $220 million and maintains a strong presence in North America, Europe and Asia across both wholesale and direct-to-consumer channels. Caleres expects to leverage its capabilities and expertise in footwear to return the brand to profitability after a period of transition and integration through the balance of this fiscal year. The acquisition of Stuart Weitzman was funded through Caleres' revolving credit agreement. BofA Securities served as Caleres' financial advisor on the acquisition and Bryan Cave Leighton Paisner acted as legal counsel. Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995. Note: The headline, insights, and image of this press release may have been refined by the Fibre2Fashion staff; the rest of the content remains unchanged. Fibre2Fashion News Desk (RM)
Mint
a day ago
- Mint
Global market news: US stock market logs biggest percentage gain since May 27; Tesla, NVIDIA, Microsoft shares rise
Global market news: On Monday, all three key benchmark indices of the US stock market — Dow Jones, S&P 500, and NASDAQ — registered their biggest daily percentage increases since May 27, as investors sought bargains after the previous session's selloff and ramped up bets for a September interest rate cut after Friday's weaker-than-expected jobs data. The Dow Jones Industrial Average rallied 585.06 points, or 1.34%, to 44,173.64, while the S&P 500 gained 91.93 points, or 1.47%, at 6,329.94. The Nasdaq Composite closed 403.45 points, or 1.95%, higher at 21,053.58. Among US majors, Tesla share price rose 2.2%, Nvidia stock price surged 3.62%, Microsoft shares rallied 2.20% and Advanced Micro Devices stock gained 2.99%. Joby Aviation shares jumped 18.8 and Blade Air stock price spiked 17.2%. Berkshire Hathaway shares fell 2.7%. However, Berkshire Hathaway share price fell 2.7% as investors took in a $3.8 billion write-down and a dip in quarterly operating profit that the firm disclosed on Saturday. Advancing issues outnumbered decliners by a 4.48-to-1 ratio on the NYSE. There were 136 new highs and 51 new lows on the NYSE. "Today is just a little bit of dip-buying. It does show a pretty healthy sign of folks out there looking for an opportunity to get in," said Mike Dickson, head of research and quantitative strategies at Horizon Investments in Charlotte, North Carolina. "It's a little concerning in the sense the labor market ... definitely appears to be weaker than people expected. A bit of an offset to that is the renewed rate cut expectations. There's a high probability we're getting a September cut." On the Nasdaq, 3,487 stocks rose and 1,090 fell as advancers outnumbered decliners by a 3.2-to-1 ratio. Volume on U.S. exchanges was 15.05 billion shares, compared with the 18.37 billion average for the full session over the last 20 trading days. (With inputs from Reuters) Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
