Fertiliser firm seeks larger slice of Irish marketplace
Norwegian fertiliser producer Yara has opened a "strategic" terminal in Cork port as it seeks to increase its slice of the Irish market.
Yara's Irish business manager Nicholas Morrison they began working towards the opening in 2010 and have been building up their Irish business slowly.
"It was an obvious choice that we should go to Cork. The port facilities are fantastic," said Mr Morrison.
"Both Munster and South Leinster are home to over 12,000 dairy farmers alone. Certainly it is a market in the region of one million tonne of fertiliser."
He said the Norwegian firm has so far invested around €500,000 in the facility in the Ringaskiddy Terminal with the investment estimated to climb to €1m within a year. He said they have a sales team of eight, with the port facility also bringing knock-on employment through stevedoring and hauliers.
With price continuing to be a big issue for farmers, Mr Morrison pointed out the fertilisers are specially formulated complex compound fertilisers (CCF's), where every granule contains all the nutrients.
"We can guarantee traceability and the complex compound fertilisers makes us competitive," he said. "It is not just down to price per tonne it is down to quality, consistency and clean products."
John Coughlan from the IFA's inputs team welcomed the increased presence of Yara in Ireland as "positive as it introduces more competition into the Irish market."