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02.02.2012
URALCHEM OJSC announces operating results for the year 2011
Moscow, Russia – February 02, 2012.
URALCHEM OJSC announces operating results for the year 2011. The production
volume of URALCHEM holding enterprises during 2011 increased by 5% compared to
2010, amounting to a total of 5,093 million tonnes. The production of ammonium
nitrate increased by 6%. Due to market conditions, the production of DAP was
reduced in favour of increasing the production of more marketable MAP, the
output of which increased by 31%. The production of other types of fertilisers
grew by 82% due to the increase of sales of new fertiliser products and the
start of their export sales. The production of other chemicals grew by 22% due
to the increase in domestic sales of sulphuric and nitric acid, as well as the
increase in sales of the products by the nitrite-nitrate salt division at the
Azot Branch.
Comparative production figures of the URALCHEM holding
companies (tonnes):
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Name of product
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Year 2010
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Year 2011
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Year-on year change, %
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Ammonium nitrate and its derivatives
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2,513,152
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2,654,564
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6%
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Ammonia
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515,947
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558,819
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8%
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Urea
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447,650
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498,585
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11%
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NPK fertilisers
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588,578
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564,497
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-4%
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DAP
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211,013
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68,473
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-68%
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MAP
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344,738
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451,787
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31%
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Other types of fertilisers
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6,367
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11,595
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82%
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Other chemicals
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233,845
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284,456
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22%
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Total
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4,861,290
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5,092,776
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5%
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Dmitry Konyaev, CEO of URALCHEM, OJSC commented on the operating results for
the year 2011: “In 2011, the production volume of URALCHEM enterprises exceeded
5 million tonnes for the first time. With the purchase of OJSC Minudobrenia in
Perm the company will strengthen its position in the nitrogen market and will
become the second largest producer of urea in Russia.”
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