The company’s development is rooted in Norwegian industrial firm Norsk Hydro, which dates back to 1905.
That’s when industrialists Sam Eyde, Kristian Birkeland and Marcus Wallenberg tapped into Norway’s large hydro energy resources to produce the company’s first important product: Mineral fertilizer, which attracted attention from all over the world since it enabled farmers to boost their yields.
Decades later, after Norsk Hydro itself had expanded into a vast array of businesses from fertilizers to oil to metals, the division mostly devoted to agricultural products and co-products was spun off into its own stocklisted entity. Yara International ASA debuted on the Oslo Stock Exchange in 2004, but a lot happened in the intervening years and the company’s story continues…
Yara co-sponsored the Sahara Forest Project pilot facility outside Doha and Yara's CEO Jørgen Ole Haslestad represented the private sector on stage when the New Alliance for Food Security and Nutrition was launched by U.S. President Barack Obama. Yara continued its strategic expansion worldwide, acquiring Bunge's fertilizer business in Brazil and the German water sensor company ZIM Plant Technology GmbH, among other key acquisitions.
An exciting year of growth: We completed the acquisition of OFD Holding Inc. in Latin America; decided on investments in our production facilities in Nordic countries, and acquired three industrial technology companies, becoming a leading total solution provider for cleansing harmful emissions to air.