K+S

K+S AG (formerly Kali und Salz GmbH) is a German chemical company headquartered in Kassel. The company is Europe’s largest supplier of potash for use in fertilizer[2] and, after the acquisition of Morton Salt, the world's largest salt producer.[3] The firm also produces and distributes other mineral fertilizers, such as those from magnesium and sulphur. K+S is mainly active in Europe, North and South America with almost 15,000 employees worldwide (2014).[1]

K+S AG
Aktiengesellschaft
Traded as
ISINDE000KSAG888 
IndustryChemicals
Founded1889
HeadquartersKassel, Germany
Key people
Burkhard Lohr (CEO and Chairman of the executive board), Dr. Andreas Kreimeyer (Chairman of the supervisory board)
ProductsFertilizers, plant chemicals, salt
Revenue€4.04 billion (2018)[1]
€227.2 million (2018)[1]
€85.4 million (2018)[1]
Total assets€9.738 billion (end 2018)[1]
Total equity€4.144 billion (end 2018)[1]
Number of employees
14931 (FTE, average 2018)[1]
Websitewww.kpluss.com

History
Share of the Kaliwerke Salzdetfurth AG, issued 1. April 1928

K+S was founded in 1889 as Aktiengesellschaft für Bergbau und Tiefbohrung, was renamed to Kaliwerke Salzdetfurth AG in 1899 and was again renamed to Salzdetfurth AG in 1937. After merging with the potash division of BASF subsidiary Wintershall in 1973 the company was renamed to Kali und Salz (Kalium = potassium and Salz = salt in German). In 1999 the company was renamed K+S. From September 22, 2008 to March 21, 2016 the stock was part of German stock index DAX, consisting of the 30 major German companies trading on the Frankfurt Stock Exchange.[4] It was excluded from the DAX because of inadequate market capitalization. K+S has expanded internationally and is represented in 22 different countries: Belgium, the Czech Republic, France, Germany, Great Britain, Italy, the Netherlands, Poland, Portugal, Russia, Spain, Sweden and Switzerland in Europe, The Bahamas, Canada and the US in North America, Brazil, Chile and Peru in South America, China, India and Singapore in Asia, and South Africa in Africa.[5]

Subsidiaries
  • Morton Salt, based in Chicago, USA (parent of Canadian Salt Company)
  • K+S Potash Canada GP, based in Saskatoon, Canada [6]
  • K+S Chile S.A., based in Santiago, Chile [7]
  • K+S KALI GmbH, based in Kassel, Germany [8]
  • esco – European salt company GmbH & Co.KG, based in Hannover, Germany [9]
  • Chemische Fabrik Kalk, based in Cologne, Germany
  • K+S Transport GmbH, based in Hamburg, Germany [10]

See also

References
  1. "Annual Report 2018" (PDF). K+S. 2019-03-14. Retrieved 2019-10-04.
  2. Levy, Tal (4 September 2007). "Market report / Hapoalim stock wilts on top-level rumbles". Haaretz. Retrieved 2019-10-04.
  3. Burger, Ludwig (2 April 2009). "Five facts about K+S' takeover of Morton Salt". Reuters. Retrieved 2009-08-10.
  4. "K+S replaces TUI in DAX". Frankfurt Stock Exchange. 2008-09-03. Retrieved 2009-08-10.
  5. "Sites". Retrieved 2009-08-10.
  6. K+S Potash Canada
  7. K+S Chile S.A.
  8. K+S KALI GmbH
  9. esco – european salt company GmbH & Co.KG
  10. K+S Transport GmbH


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