Yara Vows to Control Spending Amid Unease Over US Project
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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Fertilizer giant Yara International ASA sought to assuage investor concerns that capital spending could balloon as it seeks to expand ammonia production in the US.“The company will maintain strict capital discipline, prioritizing US ammonia development subject to final investment decision,” the Norwegian firm saidBloomberg Terminal Friday ahead of an investor day in Oslo. Yara’s planned $2 billion US investment fits within average annual spending levels, it said.