Fertilizer Demand Remains Strong, Prompting the Construction for New Capacity

SUGAR LAND--April 28, 2009--Researched by Industrial Info Resources (Sugar Land, Texas)--Agricultural spending for fertilizers, pesticides, herbicides and related products remains what the Chemical Processing Industry (CPI) is counting on for growth this year. Current project activity in this segment planned for 2009 in North America suggests that spending for could increase by one-third or more, reaching $500 million or more this year. The demand for fertilizers has continued to grow as food crop plantings and the planting of corn for ethanol continued to break records in recent years.

Companies featured: Terra Industries Incorporated (NYSE:TRA), CF Industries Holdings Incorporated (NYSE:CF), Agrium Incorporated (NYSE:AGU), Syngenta AG (NYSE:SYT)