Mosaic Company Purchase to Generate Jobs and Boost Port Economy

by | Friday, March 28, 2014 | 0 comment(s)

The Port Authority of Tampa bay is thrilled to acknowledge the March 17th purchase of CF Industries’ phosphate properties by the Mosaic Company.

The $1.4 billion transaction, which includes the phosphate company’s shipping facility and warehouse at Port Tampa Bay, also includes CF’s benefication plant in Hardee County, its 25,000 South Pasture phosphate mine, and its Plant City manufacturing facility.A long-time user of the Port Tampa Bay, Mosaic is the world’s largest producer of fertilizer/phosphate products.

Said Paul Anderson, Port President and CEO, “Mosaic is one of our most significant long-term partners at Port Tampa Bay, and we heartily congratulate them on this strategic benchmark to purchase CF Industries’ properties and facilities.Phosphate is one of our historic cargoes, and it continues to drive economic development, jobs and Tampa’s key role in feeding the world.”

Gary N. Davis, Mosaic Senior Vice President, Phosphate Operations, added, “We are thrilled to welcome CF’s Florida phosphate employees to Mosaic.This addition will strengthen our operations and our deep commitments to the Tampa Bay and Central Florida communities where our employees live and work.”

Port Tampa Bay’s recent economic impact study conveys that over 43,000 jobs are related to fertilizer and phosphatic operations at the Port, which generate $2.3 billion in individual income.The study also shows that the industry’s reach in Tampa is responsible for approximately $10.6 billion in yearly regional and local economic impact.

Port Tampa Bay has been the port of export for Florida phosphates and fertilizer products worldwide.The Port recognizes and congratulates the Mosaic Company on this very significant transaction.

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