30.07.2010
URALCHEM, OJSC announces strong operating results for the first half of 2010
URALCHEM, OJSC (further “the Company”) today announced
operating results for the first half of 2010. Total production volumes at the
Company’s plants in the first 6 months of 2010 amounted to 2.5 million tonnes
of finished products, exceeding production levels for the same period of 2009
by 13%. Production of ammonium nitrate and derivatives rose by 7%, ammonia by
85% and phosphate fertilizers by 257%. The Company achieved such positive
results on account of the recovery of the global phosphate fertilizer market,
growth in demand in both Russia and abroad, and thanks to the flexible
production model at its plants.
URALCHEM operating results for the first half of 2010 and 2009:
|
Finished Product
|
1H 2010, kilotonnes
|
1H 2009, kilotonnes
|
Change, %
|
|
Ammonium nitrate and derivatives
|
1 343
|
1 255
|
7%
|
|
Ammonia
|
288
|
156
|
85%
|
|
Urea
|
233
|
269
|
-13%
|
|
Compound fertilizers
|
257
|
295
|
-13%
|
|
Phosphate fertilizers
|
271
|
76
|
257%
|
|
Other mineral fertilizers
|
3
|
24
|
-88%
|
|
Other chemical products
|
99
|
141
|
-30%
|
|
Total
|
2 494
|
2 216
|
13%
|
Dmitry Osipov, Chief Executive Officer of URALCHEM, OJSC, commented on the
operating results of for the first half of 2010: “All of URALCHEM’s plants are
presently running at full utilization rates. Thanks to our flexible production
model, we are able to easily adapt our production plans based on current market
pricing conditions and manufacture precisely those fertilizers that our
requested by our customers, thus capturing additional margin. Our goal for 2010
is to increase mineral fertilizer production volumes by 9% to 4.8 million
tonnes. The successful operating results for the first half of 2010 show that
we indeed are capable of achieving this target”.
