February 11, 2009 / 5:44 PM / in 9 years

Agrium would takes measures if potash sales wane-CEO

TORONTO, Feb 11 (Reuters) - Agrium (AGU.TO) would consider layoffs or shutting in its potash plant totally if sales do not improve, its chief executive on Wednesday.

“We match our production to our sales; we don’t do it in the reverse fashion,” CEO Mike Wilson said on a conference call with analysts.

“Our production has been throttled around 50 percent. We have not laid off anyone at this point. We have not shut in our plant totally at this point, but if sales don’t strengthen we would likely do that.”

$1=$1.24 Canadian Reporting by Scott Anderson; editing by Rob Wilson

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