Innophos Announces New Purified Phosphoric Acid (“PPA”) Supply Agreement with Nutrien
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
Ensures Security of Supply for Specialty Phosphate Product Portfolio Demonstrates Continued Commitment to Market-Leading Specialty Phosphate Technology-based Solutions CRANBURY, N.J.--(BUSINESS WIRE)-- Innophos Holdings, Inc. (NASDAQ: IPHS) today announced that it has entered into a three-year Purified Phosphoric Acid (“PPA”) supply agreement with Nutrien, a global agriculture leader that was formed in January 2018 with the merger of Agrium and PotashCorp, the former parent company of PCS Purified Phosphates. The new contract replaces the existing long-term supply agreement set to expire in July 2018. Under the terms of the agreement, which will go into effect as of July 30, 2018, Nutrien will continue to supply Innophos with PPA, a key raw material in the manufacture of the Company’s phosphate product portfolio. The third-party supply agreement supplements the Company’s internal PPA prod
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