SOURCE: Industrial Info Resources

Industrial Info Resources

August 08, 2012 06:15 ET

CF Industries Sees Strong Demand, Prices in Second-Quarter 2012, Expects $400 Million in CapEx for Full Year, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - Aug 8, 2012) - 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, saw solid overall gains in the second quarter of 2012. Improved average price realizations for most nitrogen products and a strong demand for crop nutrients offset a drop in sales volumes. The company saw records for revenues and shipments for the first half-year. Net earnings were reported to be $606.3 million, a 24.39% increase from the same period in second-quarter 2011. Industrial Info is tracking about $2.8 billion in projects involving CF that are in the planning, engineering or construction stages, including the planned $500 million addition of an ammonia unit at a nitrogen complex in Donaldsonville, Louisiana.

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