URALCHEM OJSC increases production in the first nine months of 2012
Moscow - 14 November, 2012. URALCHEM OJSC announces operating results for the first 9 months of 2012. Production from all the enterprises of the URALCHEM Group increased by 0.5% compared to the same period in 2011, amounting to a total of 4.398 million tonnes. The production of ammonia increased by 9% and there was an 8% increase in the production of urea. The production of chemicals for industrial use increased by 17%, mainly due to increased sales of nitric acid in the domestic market. The production of high-margin products also increased: diammonium phosphate (DAP) was re-launched and the production of complex fertilizers increased by 4%. The manufacture of ammonium nitrate and ammonium phosphate was reduced by 7% and 15% respectively.
Comparative production figures of the URALCHEM Group’s enterprises (tonnes):
|
Name of product |
9 months of 2012, tonnes |
9 months of 2011, tonnes |
Year-on year change, % |
|
Ammonium nitrate and its derivatives |
1 898 707 |
2 032 432 |
-7% |
|
Ammonia |
577 561 |
530 100 |
9% |
|
Urea |
856 546 |
795 680 |
8% |
|
NPK fertilizers |
462 111 |
445 604 |
4% |
|
DAP |
45 080 |
- |
0% |
|
MAP |
304 791 |
357 171 |
-15% |
|
Other fertilisers |
11 224 |
8 381 |
34% |
|
Other chemicals |
242 533 |
207 948 |
17% |
|
Total |
4 398 553 |
4 377 315 |
0,5% |
2011 data include the results of Perm Mineral Fertilizers, JSC.
Dmitry Konyaev, CEO of URALCHEM, OJSC commented on the operating results for the first nine months of 2012, "Due to a number of successfully implemented modernization and technical upgrading projects, the company’s enterprises worked steadily throughout the first 9 months of 2012. As a result of the market conditions at that time, we focused on increasing the production of ammonia and high-margin products, at the same time reducing production of ammonium nitrate and ammonium phosphate."