Yara International

The European edition of the Fortune 500, ranking companies by revenue.

Fortune 500 Europe

The first-ever European edition of the Fortune 500, ranking companies by revenue. 

F500 Europe Yara International ASA CEO Holster Visits Thiririka Farmers Co-op

Yara International ranks 159 with $24.1 billion in revenue (up 44.8%). The Norway-headquartered chemicals company has 17,500 employees and made a profit of $2.8 billion (up 518.5%).

These companies use the creative tools of capitalism—including the profit motive—to address society’s unmet needs.

CTW-2021-31-Yara

In June 2020, on the heels of the United Nations releasing a devastating warning that 265 million people worldwide were at risk of starvation by the end of the year, Yara International jumped into the fray. Under a plan called Action Africa, it quickly shipped out 40,000 metric tons of fertilizer to Africa, which the company estimated would help triple the region’s maize production and end up feeding 1 million people for one year. In total, 250,000 smallholder farmers were supported by the donation. The gift was more than just philanthropy, however: It was also an effort to support a growing customer base. Action Africa has created a new digital platform as well to provide farmers with free advice throughout the growing season. Launched in July 2020, it already has 2 million participating farmers, and it’s helping Yara generate a growing stream of revenues from rural African communities.

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