Incitec Pivot
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Incitec Pivot Ltd. () is an Australian
multinational corporation A multinational corporation (MNC; also called a multinational enterprise (MNE), transnational enterprise (TNE), transnational corporation (TNC), international corporation, or stateless corporation, is a corporate organization that owns and cont ...
that manufactures fertiliser, explosives chemicals, and mining service. Incitec Pivot is the largest supplier of fertilisers in Australia; the largest supplier of explosives products and services in North America; and the second largest supplier of explosives products and services in the world. The company began trading on the ASX on 30 July 2003 having been formed as the result of a merger between Incitec Fertilizers and the Pivot group, and substantially expanded with the acquisition of Southern Cross Fertilisers in 2006 and Dyno Nobel in 2008. Incitec Pivot has approximately 5,000 employees and operates in the United States, Canada, Mexico, and Australia. In 2005, the company struck a deal with the Government of Nauru to re-develop the country's
phosphate Phosphates are the naturally occurring form of the element phosphorus. In chemistry, a phosphate is an anion, salt, functional group or ester derived from a phosphoric acid. It most commonly means orthophosphate, a derivative of orthop ...
mining Mining is the Resource extraction, extraction of valuable geological materials and minerals from the surface of the Earth. Mining is required to obtain most materials that cannot be grown through agriculture, agricultural processes, or feasib ...
industry, which had fallen into disrepair. The company invested $5 million to facilities and machinery, and phosphate mining resumed in late 2006. Incitec Pivot has based a large part of its fertilizer production on imports of phosphate rock from Western Sahara, a territory which has been occupied by Morocco since 1975. Since such imports are considered in violation of international law, Incitec Pivot has been blacklisted from portfolios of several ethical investors including the
United Methodist Church The United Methodist Church (UMC) is a worldwide mainline Protestant Christian denomination, denomination based in the United States, and a major part of Methodism. In the 19th century, its main predecessor, the Methodist Episcopal Church, was ...
,
Danske Bank Danske Bank A/S (, ) is a Danish multinational banking and financial services corporation. Headquartered in Copenhagen, it is the largest bank in Denmark and a major retail bank in the northern European region with over 5 million retail custome ...
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Storebrand Storebrand is a financial services company in Norway. By volume, the company's main activities are related to life insurance and pension savings. However, the company also has major divisions working on investments, banking and, until 1999 and ...
, KLP, and the national pension funds of Sweden and Luxembourg.


References


External links


Official Incitec Pivot Website



Official Dyno Nobel Website

Official Incitec Pivot Fertilisers Website
{{S&P/ASX 200 Companies based in Melbourne Mining companies of Australia Companies listed on the Australian Securities Exchange Manufacturing companies of Australia