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 $867.5 million.
URALCHEM today announced the establishment of the joint venture SIA “Riga fertilizer terminal” between its subsidiary “URALCHEM FREIGHT LIMITED” and SIA “Rigas tirdzniecibas osta”.
According to the Company’s production results for the first 9 months of 2009, URALCHEM produced 3, 301, 863 tonnes of commercial output.
URALCHEM, OJSC today announced that the Company, via its Latvian based affiliated company, URALCHEM Trading LLC, has been welcomed as a full member of the Agricultural Industries Confederation, AIC.
URALCHEM announced that it has reached an agreement with its creditors on the refinancing of US$ 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.