SOURCE: Industrial Info Resources

Industrial Info Resources

January 06, 2011 05:20 ET

Mosaic Company's Second-Quarter Sales Rise 59% on Higher Potash and Phosphate Demand, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - January 6, 2011) - Researched by Industrial Info Resources (Sugar Land, Texas) -- The Mosaic Company (NYSE:MOS) (Plymouth, Minnesota) yesterday reported strong second-quarter fiscal 2011 results. The company's net sales for the quarter were $2.7 billion, up 59% from the same quarter of the previous year. Net sales in Mosaic's Phosphate segment were $2 billion, compared to $1.3 billion in 2Q10. Potash segment sales for the quarter were $699 million, up from $414.3 million last year.

To help keep up with increasing demand, Mosaic expects capital spending for the 2011 fiscal year to range between $1.2 billion and $1.4 billion. Details of more than $5 billion worth of active Mosaic Company projects can be found in Industrial Info's North American Industrial Database.

For details, view the entire article by subscribing to Industrial Info's Premium Industry News at http://www.industrialinfo.com/showNews.jsp?newsitemID=171506, or browse other breaking industrial news stories at www.industrialinfo.com.

Industrial Info Resources (IIR) is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. IIR's quality-assurance philosophy, the Living Forward Reporting Principle™, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. For more information send inquiries to metalsandmineralsgroup@industrialinfo.com or visit us at www.industrialinfo.com.

Follow us on: Facebook - Twitter - LinkedIn - Vimeo