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that prices fell to a 20-year low, MCG reported strong results for
the first 9 months of fiscal year 1993. For its fiscal year ended
August 31, 1993, MCG contributed $418.5 million or approximately 32
percent of J.R. Simplot Co.'s consolidated revenues.
Mining and Processing, MCG's principal segment, operates five
business units: Agricultural Fertilizer, Professional Products,
Feed Phosphates, Industrial Chemical, and Consumer Products.
Products mined and processed by these units are marketed throughout
the Western United States and in Canadian prairie provinces by
independent companies and other MCG operations, including 75 retail
outlets carrying J.R. Simplot Co.'s "Soilbuilder" name. MCG
employs 2,467 individuals.
The Agricultural Fertilizer business unit (36 percent of MCG's
1992 revenues) markets nitrogen and phosphate fertilizers in the
Western North American agricultural market, sold through
agricultural fertilizer dealers who resell to growers. The
principal products manufactured and distributed are phosphoric
acid, ammonium nitrogen products, urea ammonium nitrate solutions,
and homogeneous N-P-K fertilizers. J.R. Simplot Co. has attained
a major share of the agricultural fertilizer market in the Western
United States and in Canada.
The Professional Products business unit (3.5 percent of MCG's
1992 revenues) develops and markets fertilizers and chemicals for
use in the maintenance of turf grasses and ornamentals. The Feed
Phosphates business unit (1.7 percent of MCG's 1992 revenues)
markets feed-grade phosphates that serve the needs of the poultry
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