14.11.2011
URALCHEM OJSC announces operating results for the first nine months of 2011
Moscow, Russia – 14 November 2011. URALCHEM OJSC
announces operating results for the first nine months of 2011. The production
volume of URALCHEM Holding’s enterprises during the first nine months of 2011
increased by 6% compared to the same period in 2010, amounting to a total of
3.815 million tonnes. The production of ammonium nitrate increased by 7%. Due
to market conditions, the production of DAP and NPS 14:34:8 has been reduced to
zero in favor of increasing the production of more marketable MAP and NPK
fertilisers. Their output increased by 63% and 18% respectively. The production
of other types of fertilisers grew by 107% due to the increase of sales of
potassium nitrate and the start of its export sales. The production of
chemicals for industrial use grew by 28% due to the increase in domestic sales
of sulphuric and nitric acid, aluminum fluoride and phosphogypsum.
Comparative production figures of the URALCHEM Holding’s companies
(tonnes):
|
Name of product
|
1st 9 months of 2010
|
1st 9 months of 2011
|
Year-on year change, %
|
|
Ammonium nitrate and its derivatives, including AN for industrial use
|
1 906 071
|
2 032 432
|
7%
|
|
Ammonia
|
395 693
|
402 734
|
2%
|
|
Urea
|
354 460
|
364 755
|
3%
|
|
NPK fertilisers
|
378 496
|
445 604
|
18%
|
|
DAP
|
159 159
|
-
|
-100%
|
|
MAP
|
218 871
|
357 171
|
63%
|
|
NPS 14:34:8
|
10 533
|
-
|
-100%
|
|
Other fertilisers
|
4 051
|
8 381
|
107%
|
|
Other chemicals
|
159 319
|
203 960
|
28%
|
|
Total
|
3 586 652
|
3 815 037
|
6%
|
Dmitry Konyaev, CEO of URALCHEM, OJSC commented on the operating results for
the first nine months of 2011: "We are focused on ensuring flexibility of
production. Along with manufacturing of standard types of nitrogen and
phosphate fertilisers, we are developing niche products and maintaining an
efficient production balance that is focused on current demand."
