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Article: Closings lead to speculation.
- Article from:
- The Ledger (Lakeland, FL)
- Article date:
- August 14, 2005
CopyrightCOPYRIGHT 2005 The Ledger. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Kevin Bouffard
Aug. 14--FORT MEADE -- What began in 1994 as a sweetheart deal for U.S. Agri-Chemicals became a fatal divorce this year.
The Chinese-owned company will shut down its phosphoric acid plant in Fort Meade and its phosphate fertilizer manufacturing plant in Bartow by the end of the year, according to Monday's statement from the Mosaic Co. The shutdown stems from Agri-Chem's agreement to immediate termination of its phosphate rock supply contract with the Mosaic.
The agreement was AgriChem's sole source of the phosphate rock. Under the contract, Mosaic supplied 2 million tons of rock annually, which AgriChem turned into about ...