Make us your home page

Mosaic Co. earnings skyrocket

RIVERVIEW — The Mosaic Co. is growing in wealth and size.

The phosphate company announced skyrocketing profits this quarter — more than four times what they were a year ago.

Plymouth, Minn.-based Mosaic, which has operations in southeastern Hillsborough County, reported earnings of $862.5-million from March through May, compared to earnings of $202.6-million the same quarter in 2007.

The company attributes the added profits to higher demand for fertilizer to help grow produce and grain for food and fuel.

"We believe crop nutrients are now more essential than ever. They play a critical role in optimizing crop yields, helping meet the world's surging demand for food, feed, fiber and fuel," Mosaic president Jim Prokopanko said in a statement.

Earnings for the fiscal year were $2.1-billion, an increase of about $1.7-billion from last year's earnings of $419.7-million. Mosaic owns about 25 square miles of land in southeastern Hillsborough County. The company is one of the largest phosphate producers in the world.

Mosaic's financial growth comes on top of physical growth. Mosaic is building a 100,000-square-foot building near FishHawk Ranch to serve as the headquarters for its phosphate business unit and supply chain. About 400 employees from across Central Florida will work at the new building.

It will be on 7.4 acres on the south side of FishHawk Boulevard, just east of Bell Shoals Road. The location was determined after the company studied where many of its employees live.

"The FishHawk Ranch area was the bull's-eye," Mosaic vice president Rich Krakowski wrote.

Jessica Vander Velde can be reached at or (813) 661-2443.

Mosaic Co. earnings skyrocket 08/07/08 [Last modified: Sunday, August 10, 2008 12:28pm]
Photo reprints | Article reprints

© 2017 Tampa Bay Times


Join the discussion: Click to view comments, add yours

  1. Ousted to political Siberia by Corcoran, Kathleen Peters sets sights on Pinellas Commission

    State Roundup

    TALLAHASSEE — The perks of power in Tallahassee are a coveted chairmanship, a Capitol office in a prime location and a prominent seat on the House floor. Now Rep. Kathleen Peters has lost all three, but here's the twist: Her trip to "Siberia" might actually help her reach the next step on the Tampa Bay political …

    Rep. Kathleen Peters, R-South Pasadena, has been relegated to the back row in the State House chamber, moved to a fouth floor office and stripped of her job as chairwoman of a House subcommittee after a series of disagreements with House Speaker Richard Corcoran. [SCOTT KEELER | Tampa Bay Times]
  2. UPS relocates express operations from St. Pete-Clearwater to TIA


    TAMPA — United Parcel Service Inc. is switching airports for its express air operations. Beginning in October, UPS will relocate from St. Pete-Clearwater International Airport to Tampa International Airport.

    Beginning in October, UPS will move from St. Pete-Clearwater International Airport to Tampa International Airport. [Associated Press file photo]

  3. Richard Corcoran takes aim at public financing of campaigns

    State Roundup

    TALLAHASSEE — House Speaker Richard Corcoran, R-Land O'Lakes, may not be running for governor — not yet anyway — but his latest idea will get the attention of those who are.

    House Speaker Richard Corcoran wants the Constitu?tion Revision Commis?sion to ask voters to repeal the state’s system of partial financing of statewide elections.
  4. Related Group breaks ground on complex at old Tampa Tribune site

    Real Estate

    TAMPA — When Miami developer Jorge Perez first eyed a 4.2-acre tract on the west bank of the Hillsborough River two years ago, people asked him if he wouldn't prefer to build on the opposite side closer to the downtown core.

    No way.

    From left, Related Group executive associate Arturo Penaa, Jorge Perez, center, founder and CEO of the Related Group, Mayor Bob Buckhorn and Steve Patterson, the President of Related Development dig their shovels  during the groundbreaking ceremony of the 400 unit Riverwalk Manor apartment complex on site of the old Tampa Tribune building on Wednesday. [OCTAVIO JONES | Times]
  5. Eat 3-course meals for $35 at these 100 restaurants for Orlando's Magical Dining Month

    Food & Dining

    In the early 1900s, hotels offered "table d'hote" or "prix fixe" menus as a form of loss leader. Hotels didn't necessarily make money on these lower-priced, multi-course meals, often served at communal tables, but they made up for it on the booze. Prohibition may have contributed to a gradual shift toward a la carte …

    Bulla Gastrobar serves a variety of Spanish and Portuguese dishes.