Innophos Advances Strategic Value Chain Repositioning Initiative with Additional Milestone Strategic Sourcing Arrangements
INNOPHOS HOLDINGS (IPHS)
Last innophos holdings earnings: 11/6 07:30 am
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US:NASDAQ Investor Relations:
ir.innophos.com/investor-relations
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Source: Business Wire
Initiative Expected to Deliver 10% Adjusted Diluted EPS Improvement by Year-end 2019 Complements Recently Announced Nutrien PPA Agreement to Deliver Greater Supply Optionality, Security of Supply and an Improved Sustainable Cost Structure CRANBURY, N.J.--(BUSINESS WIRE)-- Innophos Holdings, Inc. (NASDAQ: IPHS) today announced that as part of its strategic value chain repositioning initiative it has restructured its merchant grade acid (“MGA”) strategic sourcing arrangement with global agricultural leader Nutrien, including a new MGA strategic supply agreement. Combined with the new Nutrien Purified Phosphoric Acid (“PPA”) supply agreement announced earlier today and other internal strategic manufacturing optimization actions, Innophos will meaningfully diversify its supply base, deliver an improved sustainable cost structure and advance Innophos’ previously announced strategic value chain re
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