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Finance Notes

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Published: March 27, 2008

Nitrogen maker resumes operation

CF Industries Holdings, Inc. has completed repairs and resumed full production at the

No. 1 ammonia plant at its joint venture nitrogen complex in Medicine Hat, Alta., Canada’s largest nitrogen producer.

The plant, one of two at the complex, had been down since late in February, when damage to internal components was discovered following a brief maintenance outage. The No. 2 ammonia plant there was not affected and has continued operation.

Start-up procedures began March 13 and ammonia production started the next day, ramping up to full operation over the weekend.

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CF Industries has a 66 percent economic interest in the Medicine Hat complex and receives about 66 percent of the complex’s output. Westco, owned by Viterra, is the minority partner.

Brandt management recognized

The Brandt Group of Companies has received recognition as one of Canada’s best managed companies for six consecutive years.

The Regina-based manufacturer and dealer of agricultural and industrial equipment is now a platinum club member of the Canada’s 50 Best Managed Companies program, sponsored by Deloitte, CIBC Commercial Banking, the National Post and Queen’s School of Business.

The program looks at companies’ management skills and assesses revenue use and tax efficiency, use of technology, alliance building, currency exchange management and employee recruitment and retention.

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