K+S Delays Construction of Saskatchewan Project by Six Months

Bloomberg reported that K+S has delayed the construction of a new plant in Saskatchewan by about six months, due to an overshoot in the budget by 26 percent.

As quoted in the Bloomberg report:

The budget for developing the Canadian site was increased to C$4.1 billion ($4 billion) from the C$3.25 billion announced in November 2011, Kassel, Germany-based K+S said today in a statement. Operations will start in mid-2016 rather than at the end of 2015, the company said.

To view the whole Bloomberg report, click here.