|The Mosaic Company Contributes $1 Million for Relief Efforts in Japan and Pledges Ongoing Support to Japanese Farmers|
PLYMOUTH, Minn., March 21, 2011 /PRNewswire via COMTEX/ --
The Mosaic Company (NYSE: MOS) announced today a $1 million donation to the Red Cross to support relief efforts in Japan following the devastating earthquake and tsunami. Mosaic will also be giving its Japanese customers priority on future shipments of phosphate and potash to replace those damaged by the tsunami and to ensure Japan's food security is not threatened.
In addition to the $1 million contribution, Mosaic employee donations to relief efforts in Japan will be matched dollar-for-dollar by the Company up to $100,000.
"We have developed strong long-term relationships with our Japanese customers.I am deeply saddened by the human tragedy that Japan is facing, yet simultaneously inspired by the resilience, courage and dignity of the Japanese people," said Jim Prokopanko, President and Chief Executive Officer of Mosaic. "Our customers have also seen some of their crop nutrient reserves washed away by the tsunami. To help the recovery, Mosaic is prioritizing shipments to ensure Japan's farmers have the nutrients they need to grow food for their people. I hope our response will go some way towards alleviating their suffering."
Japan is the sixth largest international market that Mosaic serves, and the Company has been working with its customers to understand the country's needs moving forward. Mosaic has a history of helping communities recover from natural disasters. From recent earthquakes in Haiti, Chile and New Zealand to floods in Saskatchewan and hurricanes in Florida, Mosaic is committed to standing with its employees, customers, neighbors and friends in their hour of need.
About The Mosaic Company
The Mosaic Company is one of the world's leading producers and marketers of concentrated phosphate and potash crop nutrients. Mosaic is a single source of phosphates and potash fertilizers and feed ingredients for the global agricultural industry. More information on the company is available at www.mosaicco.com.
SOURCE The Mosaic Company