02.02.2012
PRESS RELEASE
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):
|
Name of product
|
Year 2010
|
Year 2011
|
Year-on year change, %
|
|
Ammonium nitrate and its derivatives
|
2,513,152
|
2,654,564
|
6%
|
|
Ammonia
|
515,947
|
558,819
|
8%
|
|
Urea
|
447,650
|
498,585
|
11%
|
|
NPK fertilisers
|
588,578
|
564,497
|
-4%
|
|
DAP
|
211,013
|
68,473
|
-68%
|
|
MAP
|
344,738
|
451,787
|
31%
|
|
Other types of fertilisers
|
6,367
|
11,595
|
82%
|
|
Other chemicals
|
233,845
|
284,456
|
22%
|
|
Total
|
4,861,290
|
5,092,776
|
5%
|
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.”
***
PR department
URALCHEM, OJSC
telephone: +7 (495) 721 89 89
pr@uralchem.com
URALCHEM, OJSC is one of the largest producers of nitrogen and phosphate
fertilisers in Russia and the CIS with production capacities of over 2.5
million tonnes of ammonium nitrate, 2.8 million tonnes of ammonia, 0.8 million
tonnes of MAP and DAP, 0.8 million tonnes of complex fertilisers and 1.2
million tonnes of urea. URALCHEM, OJSC is the second largest ammonium nitrate
producer in the world and number one in Russia, the second largest producer of
nitrogen fertilisers in Russia. Key production assets of URALCHEM, OJSC include
Azot Branch of URALCHEM, OJSC in Berezniki, Perm Region; OJSC Minudobrenia,
Perm; MFP Kirovo-Chepetsk Chemical Works, OJSC Branch in Kirovo-Chepetsk, Kirov
region; Voskresensk Mineral Fertilisers, OJSC in Voskresensk, Moscow
region.
Some of the information in this press release may contain projections or
other forward-looking statements regarding future events or the future
financial performance of URALCHEM. We wish to caution you that these statements
are only predictions. We do not intend to update these statements and our
actual results may differ materially from those contained in our projections or
forward-looking statements, including, among others, the achievement of
anticipated levels of profitability, growth, cost and synergy of our recent
acquisitions, the impact of competitive pricing, the ability to obtain
necessary regulatory approvals and licenses, the impact of developments in the
Russian economic, political and legal environment, financial risk management
and the impact of general business and global economic conditions.
