CF Industries Benefits From Low Natural Gas Prices in Third-Quarter
2012, Expects Strong Agricultural Demand, an Industrial Info News
SUGAR LAND, TX -- (Marketwire) -- 11/07/12 -- Researched by
Industrial Info Resources (Sugar Land, Texas) -- CF Industries
Holdings Incorporated (NYSE:CF) (Deerfield, Illinois), the holding
company for CF Industries Incorporated, which is a worldwide leader
in nitrogen and phosphate fertilizer manufacturing and distribution,
reported record quarterly earnings in the third quarter of 2012, as
sales costs retreated and customers focused on rebuilding
inventories. However, nitrogen sales and phosphate prices were lower.
Net earnings for the quarter were reported to be $403.3 million, a
21.88% increase from third-quarter 2011. Industrial Info is tracking
more than $2.6 billion in projects involving CF, including the
planned expansion of a urea plant in Medicine Hat, Alberta.
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