Dmirty Osipov, Chief Executive Officer of Uralchem, OJSC, said: “High prices for the products of agriculture at the international market stimulated commercial agriculture in Russia, including a number of bio-fuel crop projects. In the longer term we expect growing demand for the products of agriculture with mineral fertilizer supplies to be the key condition of the growth”.
The Company’s management and its shareholder believe that in the current market conditions the Offering cannot be priced at a level which reflects a fair value of the Company.
KCCW MFP, CJSC won the award in the category “Ecologically Responsible Business” in the All-Russian contest “Best Companies of Russia: Dynamics, Efficiency, Responsibility – 2009”
URALCHEM OJSC, today announced that it has successfully completed agronomic efficiency trials of calcium-ammonium-nitrate (CAN) and calcium-nitrogen-sulfate (CNS) products developed by the Company.
Evgeny Bogach, chief engineer of VMF, commented: “Due to the decision made by the High Court of Arbitration of the Russian Federation, we were able to resume production earlier than we expected. The plant’s employees returned to working full shifts on December 30, 2009.
Voskresensk Mineral Fertilizers, OJSC (‘VMF’) today announced that it has signed a long term agreement with Apatit, OJSC (“Apatit”), through its parent company Phosagro AG, CJSC, to secure supplies of apatite concentrate according to the terms approved by the High Court of Arbitration of the Russian Federation.
At the beginning of December 2009 Viktor Ivanov, President of the Chemists Union of Russia, and Dmitry Osipov, the Chief Executive Officer of URALCHEM, OJSC signed an agreement concerning the Company’s participation in the programme.
URALCHEM today announced that four core production units at Azot one of URALCHEM’s key subsidiaries, reached their planned annual production volumes ahead of schedule during the first eleven months of the year mainly due to consistent execution, the optimization of maintenance periods and favourable market conditions for ammonium nitrate sales.
URALCHEM today announced that it has reached agreement with Sberbank for the restructuring of loans originally due for repayment during the period of 2010-2012, altogether totaling $867.5 million.
URALCHEM today announced the establishment of the joint venture SIA “Riga fertilizer terminal” between its subsidiary “URALCHEM FREIGHT LIMITED” and SIA “Rigas tirdzniecibas osta”.