May 13, 2009 / 8:12 AM / 10 years ago

K+S says looking into ways to expand potash ops

KASSEL, Germany, May 13 (Reuters) - German salt-mine operator K+S SDFG.DE continues to look into all options to increase capacity at its main potash fertiliser business even as it is boosting its salt unit by taking over Morton Salt from Dow Chemical (DOW.N), it said on Wednesday.

“Especially in our Potash and Magnesium Products business segment, which operates at full capacity in normal years, we are continuing to review all opportunities for acquiring additional capacity around the globe,” Chief Executive Norbert Steiner said in remarks prepared for the group’s annual general meeting.

Even though potash prices are falling from record highs and farmers are holding off on orders, natural-resources peers including BHP Billiton BLT.L and Russia’s EuroChem are looking to boost their potash mining capacity in the long term, as demand for food and biofuels is seen on the rise.

Reporting by Patricia Gugau and Ludwig Burger

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