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K+S sold its Group company K+S Entsorgung (Schweiz) AG to the Swiss-based Thommen-Furler Group. The selling price is in the lower single-digit million euro range. The sale of the company is related to the package of measures adopted on December 10, 2019 to quickly generate value and reduce indebtedness.

Preventing crop failures by using a smartphone to detect a plant's nutrient deficiency at an early stage: The Agricultural Nutrient Assistant (ANA) from Spacenus is designed to support farmers in fertilizing plants according to their needs. K+S and Spacenus, a start-up company based in Darmstadt, have agreed to work closely together in developing this digital technology in the area of precision farming.

The sustainable and predictable disposal of saline wastewater is an indispensable prerequisite for the continuation of potash production in the Werra region. From 2022, K+S plans to discharge highly concentrated wastewater into the old mining area of the Springen mine (Wartburg district). After more than 90 years, it will therefore be possible to discontinue the injection into the plate dolomite, to remediate a former mining site and also to make further progress in reducing the environmental burden on the Werra river.

Over the past several months, K+S has made significant progress with the implementation of Shaping 2030 projects. Despite the progress made, the current difficult external conditions are hampering the achievement of the financial targets. K+S has therefore developed a package of measures to crystallize value rapidly in order to reduce indebtedness.

K+S and the leading pan-African fintech company MFS Africa have partnered in a joint venture to invest in Akorion, an agricultural innovation company in Uganda. The main goal is to further expand Akorion’s digital platform EzyAgric. This technology gives smallholders in Africa significantly better market access and at the same time efficient processes throughout the whole value chain for agricultural products.

Growing population figures, climate change, and globally changing consumer behavior are increasingly focusing on sustainable food security as a pressing challenge of our time. It is essential to forge alliances between industry, research and the start-up scene, and to promote innovative business models. At the invitation of K+S, Dr. Bernd Althusmann, Minister of Economics, Labor, Transportation, and Digitalization of Lower Saxony, as well as other stakeholders from politics, science and business as well as start-up companies met today at the K+S Sigmundshall site near Hanover. At the same time, the event marked the starting signal for the build-up of the new K+S Innopark in Sigmundshall.

Today, the "MINT Zukunft schaffen" ("Creating a MINT Future") initiative awarded 48 schools in Hesse the "MINT-friendly school" award. The award is presented under the sponsorship of the Kultusministerkonferenz (KMK – conference of education ministers). K+S, as the host of the event in Kassel, supports the award and emphasizes its own efforts to more strongly promote MINT occupations and apprenticeships. Furthermore, 11 schools were honored as "Digital Schools".

K+S increased revenues for the third quarter by 8 % to € 905 million. EBITDA doubled in the same period to € 81 million. Higher prices and increased sales volumes in the Agriculture customer segment were decisive for the positive development.

The favorable geological conditions of the Bernburg salt deposit allow it to be used for a variety of purposes. It began in 1884 with the extraction of brine, was soon supplemented by conventional mining, and has been using excavated caverns for energy storage for 50 years. The liquid gas storage facility at the Bernburg salt mine, located in two caverns of the Gnetsch brine field, can now look back on 50 years of successful operation.

K+S has enhanced its corporate design. The company is creating a new corporate framework for operating and acting as "One K+S". All in line with the Shaping 2030 strategy.