URALCHEM’s CEO Dmitry Konyaev interviewed by Kommersant and talks about debts, mines and Chinese companions.
The output of products of all URALCHEM Group enterprises in the first quarter of 2015 amounted to 1.5 million tons of products. The output increased by 3.5% y-o-y.
Riga Fertilizer Terminal, which is the private terminal of URALCHEM in Riga, has shipped two million tons of production since the start-up in the middle of February 2014.
URALCHEM OJSC, a leading manufacturer of nitrogen fertilizers, and Stamicarbon BV, a world leader in the area of development and licensing of urea production technologies, part of Maire Tecnimont Group, have reached an agreement to start the project of urea production modernization at Mineral Fertilizers JSC in Perm.
By the end of 2014, URALCHEM set the historical record for the production of ammonium nitrate and its derivatives, having reaching a total volume of gross output of 2 million 940 thousand tons. Compared with 2013, there was an increase of 5%, which has strengthened the leadership of URALCHEM in the manufacture of these products in Russia.
In 2014, Riga Fertiliser Terminal (RFT), URALCHEM’s own terminal for fertilizer handling in Riga received 1.75 million tons and shipped 1.71 million tons of products. A total of 87 vessels of various deadweight tonnage were loaded at the terminal in the last year.
In an interview for Vedomosti, URALCHEM CEO Dmitry Konyaev discusses current fertiliser market outlook, dealing with European customers amid sanction imposed restrictions, story behind Uralkali stake acquisition, future of Voskresensk Mineral Fertilisers and URALCHEM’s upcoming projects.
Revenue in the reporting period amounted to 52.66 bln RUB, compared to 56.26 bln RUB in January-September 2013. Operating profit increased to 15.45 bln RUB, compared to 14.62 bln RUB for the nine months of 2013. Adjusted EBITDA increased to 18.27 bln RUB, compared to 17.31 bln RUB in the same period of 2013. Net loss comprised 19.17 bln RUB, compared to profit of 10.08 bln RUB in the same period of 2013.
Revenue amounted to 36.54 bln RUB, compared to 40.06 bln RUB in the first half of 2013. Operating profit amounted to 9.70 bln RUB, compared with 12.22 bln RUB in the first half of 2013. Adjusted EBITDA comprised 11.57 bln RUB, compared to 14.01 bln RUB in the first half of 2013. Net profit amounted to 1.23 bln RUB, compared to 8.02 bln RUB in the first half of 2013.
Ventamonjaks is the largest liquid ammonia transhipment terminal in the Baltic Sea. It has an annual capacity of 1 million tonnes and is located in the ice-free port of Ventspils. URALCHEM’s subsidiary, Uralchem Freight limited, acted on behalf of URALCHEM as a party to the transaction and became the owner of 55% of the shares in the company, which has 100% shares in SIA Ventamonjaks.