Yara North America Inc. has revealed that it has signed a long-term lease for 50 acres of land in St. James Parish, approximately 60 miles from New Orleans – as part of plans to build a new warehouse facility and implement its North America growth strategy.

Yara will build and operate a 55,000 mt, state-of-the-art import fertiliser warehouse capable of handling Panamax size vessels. The deal, signed with St. James Stevedoring, is seen as a milestone in Yara North America’s growth strategy.

Work will begin as soon as all permits are finalised with a completion estimated for Q1 2010.

The terminal will provide direct access to imported fertiliser for local markets and increased access for rail-served agricultural markets in the Midwest and Eastern half of the US, including growing industrial segments.

“Yara North America is a leading importer of urea and New Orleans is the primary import geography for fertilisers in North America. The establishment of this terminal will provide our customers with increased access to imported fertiliser,” commented Pete Valesares, President of Yara North America.