Incitec Pivot Limited
Encyclopedia
Incitec Pivot Ltd. is an Australian chemicals & explosives manufacturer based in Southbank, Victoria
. 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 Australia. The company began trading on the ASX
on 30/07/03 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.
Employing approximately 4,500 staff worldwide, Incitec Pivot has extensive operations throughout 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
mining
industry, which had fallen into disrepair. The company invested $5 million to facilities and machinery, and phosphate mining resumed in late 2006.
Incitec Pivot bases 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 is considered in violation of international law, Incitec Pivot has been blacklisted from portfolios of several European ethical investors.
Southbank, Victoria
Southbank is an inner city suburb of Melbourne, Victoria, Australia located direct south of the Yarra River opposite Melbourne's Hoddle Grid. The northernmost area is considered part of the Central Business District and Central Activities District of the city. Its Local Government Area are the...
. 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 Australia. The company began trading on the ASX
ASX
ASX may refer to:* Australian Securities Exchange, the primary stock exchange of Australia* Advanced Stream Redirector, a computer file format listing Windows Media files * Armstrong Siddeley ASX, a British experimental turbojet* John F...
on 30/07/03 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
Dyno Nobel
Dyno Nobel is a major manufacturer of explosives. It is a wholly owned subsidiary of Incitec Pivot Limited, and its customers include users in the mining, quarry, construction, pipeline and geophysical exploration industries...
in 2008.
Employing approximately 4,500 staff worldwide, Incitec Pivot has extensive operations throughout the United States, Canada, Mexico and Australia.
In 2005 the company struck a deal with the Government of Nauru
Politics of Nauru
Politics of Nauru takes place in a framework of a parliamentary representative democratic republic, whereby the President of Nauru is the head of government of the executive branch. Legislative power is vested in both the government and the parliament...
to re-develop the country's phosphate
Phosphate
A phosphate, an inorganic chemical, is a salt of phosphoric acid. In organic chemistry, a phosphate, or organophosphate, is an ester of phosphoric acid. Organic phosphates are important in biochemistry and biogeochemistry or ecology. Inorganic phosphates are mined to obtain phosphorus for use in...
mining
Mining
Mining is the extraction of valuable minerals or other geological materials from the earth, from an ore body, vein or seam. The term also includes the removal of soil. Materials recovered by mining include base metals, precious metals, iron, uranium, coal, diamonds, limestone, oil shale, rock...
industry, which had fallen into disrepair. The company invested $5 million to facilities and machinery, and phosphate mining resumed in late 2006.
Incitec Pivot bases 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 is considered in violation of international law, Incitec Pivot has been blacklisted from portfolios of several European ethical investors.