You have commented 274 times on Rantburg.

Your Name
Your e-mail (optional)
Website (optional)
My Original Nic        Pic-a-Nic        Sorry. Comments have been closed on this article.
Bold Italic Underline Strike Bullet Blockquote Small Big Link Squish Foto Photo
Fifth Column
Pakistani Fertilizer Firm To Expand In US, Balks On Controlling Bomb Materials
[Washington Times] The Pak corporation that has refused the Pentagon's urgent appeals to control the flow of kabooms to bomb-makers who kill U.S. troops is expanding its fertilizer manufacturing into the United States.

And it is being done with the help of U.S. taxpayers through the municipal bond market.

The Indiana Finance Authority has approved $1.27 billion in tax-exempt bonds for Midwest Fertilizer Corp. to build a nitrogenous fertilizer manufacturing plant in Posey County. Midwest is a new startup company of the Fatima Group, a conglomerate headquartered in Lahore, Pakistain.

Fatima's fertilizer components are used by bully boyz in Pakistain and Afghanistan to build homemade bombs -- the No. 1 killer of American service members in Afghanistan.

Fatima's corporate leaders know this is happening, based on communications with B.O. regime officials and military leaders, but they have refused pleas to control the flow, according to an Army general.
Posted by:trailing wife

#11  #8: That was exactly what I thought when first reading it too!
Posted by: Charles   2013-01-29 18:21  

#10  I would like to know which politician is greasing the skids for this nasty operation?
Posted by: warthogswife   2013-01-29 16:11  

#9  #7 75% gross margin, 73% operating margin is very, very low?
Posted by Nimble Spemble

Sarcasm NS, sarcasm.
Posted by: Besoeker   2013-01-29 09:32  

#8  They expect to do major business in Dearborn, MI.
Posted by: Rob Crawford   2013-01-29 09:19  

#7  75% gross margin, 73% operating margin is very, very low?
Posted by: Nimble Spemble   2013-01-29 09:19  

#6  $1.3 billion Posey County Bond issuance.

WARNING: If you suffer from high blood pressure or are taking Pradaxa, do not open this link.
Posted by: Besoeker   2013-01-29 08:53  

#5  Even the WAPO gets it!
Posted by: Besoeker   2013-01-29 08:47  

#4  Not much to be made in fertilizers, the margins are very, very low.

Ah, but look for the kabooms coming soon to a place near you.
Posted by: Snager Theque2683   2013-01-29 07:55  

#3  Not much to be made in fertilizers, the margins are very, very low.
Posted by: Besoeker   2013-01-29 07:31  

#2  Follow the money:

BOA- Merrill Lynch as the “Market Maker” for Fatima Fertilizer

New York, March 2012: Bank of America-Merrill Lynch has been approved by the US regulator FINRA to act as “Market Maker” for Fatima Fertilizer Company Ltd (Fatima) for its Sponsored Level 1 American Depository Receipt (ADR) program. BOA-Merrill Lynch, one of the world’s premier providers of wealth management, securities trading and sales, corporate finance and investment banking services, will facilitate the trading of Fatima’s ADR on the OTC market in USA.

It must be noted that a year ago, in March 2011, Fatima appointed BNY Mellon, the global leader in asset management and securities servicing, as the Depositary Bank for its ADR program. Fatima’s ADRs are tradable on the over-the-counter (OTC) market in USA under the symbol "FTMFY." Fatima became the first Pakistan based company to facilitate trading on the US OTC markets enabling both retail and institutional investors in the US and internationally to trade readily in more convenient daylight hours. This partnership of Bank of America-Merrill Lynch and Fatima will offer greater opportunities to the Global investor community to invest in Pakistan based securities, while enabling the company and the country to benefit from the higher visibility provided by the ADR Program.

Posted by: Besoeker   2013-01-29 07:02  

#1  Great, aren't they giving us enough fertilizer without setting up a distribution center?
Posted by: Skidmark   2013-01-29 00:05