URALCHEM announced that it has reached an agreement with its creditors on the refinancing of US$ 60 million debt of MFP KCCW (Mineral Fertilizer Plant of Kirovo-Chepetsk Chemical Works, Closed Joint Stock Company, Kirovo-Chepetsk, Kirov Region). The agreements postpone debt repayment from 2009 to 2010.
The shareholders resolved to terminate early the powers of the Board of Directors of URALCHEM and elected the following new members.
Application of the management systems that comply with ISO 14001 and OHSAS 18001 international standards is an effective instrument for Azot, OJSC to manage all their impacts on the environment; the system helps to reduce risks for the employees and interested parties and comply with the requirements of supervisory authorities.
Open Joint Stock Company United Chemical Company URALCHEM ranks 112 among the 500 largest Russian companies as traditionally determined by Finance magazine.
In the course of his visit to MFP KCCW, CJSC Mr. Kubrin held a meeting with representatives from the regional administration, Federal Service for Supervision of Natural Resources, Federal Service for Ecological, Technological and Atomic Supervision, senior managers of Mineral Fertilizer Plant of KCCW and Uralchem Management Company.
The President’s Special Representative visited the plant in order to familiarize himself with Azot, OJSC’s strategy for the development of mineral fertilizer production. Mr. Rapota met with senior managers of Azot, OJSC, visited the production site and the warehouse of urea workshop.
Production and sales of this new product expand Azot’s portfolio of industrial chemical products. Annual output will reach approximately 30-35 thousand tonnes of concentrated ammonium nitrate solution.
According to the results for the 1st half of 2009, URALCHEM enterprises produced 2,216,078 tonnes of commercial products, which is a 10% decrease compared to the 1st half of 2008 (including Voskresensk Mineral Fertilizers, OJSC).
URALCHEM, OJSC today announced the decisions made at the Annual General Meeting of Shareholders of Voskresensk Mineral Fertilizers, OJSC (Voskresensk, Moscow Region) on 30 June, 2009.
URALCHEM today announced the decisions made at the Annual General Meeting of shareholders of Azot, OJSC (Berezniki, Perm Region) on 30 June, 2009.