Industry Agriculture, Chemicals Products Fertilizers, Chemicals Owner Yara International Number of employees 2,500 | Key people Heikki Sirviö, CEO Headquarters Helsinki Founded 1920 | |
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Type Wholly owned subsidiary Revenue €1,166.2 million EUR (2006) Net income €7.8 million EUR (2006) Motto partnership knowledge solutions / it all springs from knowledge | ||
Kemira GrowHow is a fertilizer producer headquartered in downtown Helsinki, Finland. Its products are sold in over 100 countries but it has market stronghold in Northern Europe. Most of the revenue (55%) comes from Western Europe, particularly from the UK and Ireland (18%). Kemira Growhow was a division of Kemira, which was originally a fertilizer producer owned by state of Finland. Kemira's operations were started in year 1920, and Kemira Growhow was separated from the rest of Kemira in 2004. In 2004, Kemira Growhow had 2700 employees, a revenue of 1220.9 million euros, with profit 47.8 million euros.
On May 24, 2007 Yara International, a Norwegian rival, bought 30.05% of the company from the Finnish State and offered to buy the rest, valuing the company at 671.8 million euros. After the EU approval, Yara completed the acquisition and in March 2008 "Kemira GrowHow" became Yara subsidiary "Yara Suomi" and started re branding its products to Yara.