Edition:
United Kingdom

The Mosaic Co Announces Closure Of Plant City Phosphates Manufacturing Facility


Tuesday, 18 Jun 2019 

June 18 (Reuters) - Mosaic Co ::THE MOSAIC COMPANY ANNOUNCES CLOSURE OF PLANT CITY PHOSPHATES MANUFACTURING FACILITY.MOSAIC CO - DURING Q2, MOSAIC EXPECTS TO RECOGNIZE A NOTABLE NON-CASH CHARGE OF UP TO $390 MILLION FOR PERMANENT CLOSURE OF FACILITY.MOSAIC - ANNUAL CASH PAYMENTS TO MANAGE CLOSURE OF FACILITY OVER NEXT 5 YEARS ARE EXPECTED TO BE SIMILAR TO PAYMENTS INCURRED WHILE PLANT WAS IDLE IN 2018.MOSAIC - WILL SEEK TO MITIGATE PORTION OF CLOSURE COSTS BY EVALUATING APPROACHES TO WATER MANAGEMENT & TO REPURPOSING PART OF FACILITY.THE MOSAIC COMPANY ANNOUNCES CLOSURE OF PLANT CITY PHOSPHATES MANUFACTURING FACILITY. 

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