The products and services of K+S are crucial for supplying the population in the fields of medicine, pharmaceuticals, food production, agriculture and animal feed. By using our underground caverns, we also contribute to an orderly waste management system.
Sales agreement signed: K+S sells its Americas salt business to Stone Canyon Industries Holding, Mark Demetree and Affiliates
Today, K+S Aktiengesellschaft signed a contract to sell its Americas salt business bundled together as the Americas Operating Unit to Stone Canyon Industries Holdings LLC (“SCIH”), Mark Demetree and affiliates.
Figures for Q2 2020
In an interview, Dr. Burkhard Lohr, Chairman of the Board of Executive Directors of K+S, talks about the development of business in the second quarter as well as the state of play of the planned sale of the Operating Unit Americas and the restructuring of the administraition.
Americas sale and restructuring of administration on track
Despite difficult conditions, K+S achieved solid results in the second quarter. Good operating performance and high cost discipline resulted in a significant increase in earnings for the Americas operating unit. As expected, revenues and earnings of the Europe+ operating unit were down year-on-year as a result of lower average prices for potash fertilizers. The corona pandemic burdened K+S EBITDA by a further € 10 million.
New ideas for a successful future
Innovation drives our mission to enrich life through the sustainable extraction and refinement of minerals into essential products for our customers.
Focus on four business segments
K+S's business is focused on four segments: agriculture, industry, consumers, and communities. The same applies in all segments: The customer is the focus of our activities.
We care
We strive for sustainability, because we acknowledge our responsibility to the people, the environment, the communities, and the economy in the regions in which we operate.
