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SQM and Yara renew commercialization agreements until 2016
At the end of 2008, SQM and Yara announced the renewal of the fertilizer commercialization agreements. These agreements were originally signed in 2001 and have been renewed until the year 2016. Under these agreements, SQM will utilize Yara’s distribution chain to sell plant nutrients in markets where Yara’s commercial presence and infrastructure are greater than SQM’s,and Yara will utilize SQM’s distribution chain to sell plant nutrients in markets where SQM’s commercial presence and infrastructure are greater than Yara’s. Both companies will continue to actively control the commercialization process of their own products.
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