Norway-based Yara sees fertile market in China
By Michael Barris | China Daily | Updated: 2013-10-09 07:45
China's magnetic pull on foreign companies is undeniable, even when the financial benefits of doing business in the country are relatively modest.
Take Yara International ASA. The Norway-based company is the world's largest publicly traded producer of nitrogen fertilizer. Although it has been in China for 100 years, it generates just $750 million of its $15 billion in annual revenue from the nation.
Nonetheless, "China is an important market to us," said President and Chief Executive Officer Jorgen Ole Haslestad.
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