Markets
HON

Honeywell, J.R. Simplot to Build Production Facility for Safer Fertilizer

Honeywell ( HON ) today said that it has signed an agreement with the J.R. Simplot, a privately held food and agribusiness company, to build a facility that will produce Honeywell's Sulf-N 26, a fertilizer that combines the agronomic benefits of nitrate-based fertilizers with lower explosive potential.

Under the deal, HON will engineer, construct and own a modular manufacturing facility at Simplot's Lathrop, CA production plant. Simplot will operate the facility and have exclusive rights to market and sell the fertilizer in the Western U.S., Western Canada and Northern Mexico.

The companies hope to have the facility built and producing the fertilizer by early 2013.

Shares are up 1.1% to $54.77.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story

HON

Other Topics

Commodities

Latest Markets Videos

    MTNewswires

    Founded in 1999, MT Newswires (formerly known as Midnight Trader) is a leading provider of original source, multi-asset class, real-time, global financial news and information to most of the largest banks, brokerage firms and professional market data, trading & research applications in North America.

    Learn More