URALCHEM and Rusagro sign cooperation agreement

URALCHEM and Rusagro sign cooperation agreement

Today, during the St. Petersburg International Economic Forum (SPIEF-2017), URALCHEM and Rusagro signed a cooperation agreement.

The document defines the key principles of cooperation in the field of supply and application of innovative mineral fertiliser grades, as well as allows for the provision of services in agricultural consulting in order to improve the efficiency of agricultural production. The companies also plan to conduct joint production tests of URALCHEM's products in Rusagro's cultivation areas.

First, it refers to the use of sulfonitrate, water-soluble complex fertilizers with micronutrients, as well as other types of fertilizers. During the spring-summer of 2017 and the autumn of 2017-spring of 2018, Rusagro plans to conduct a number of tests in relation to the agrotechnical efficiency of fertilizer applications on a number of crops grown by the company. This large-scale experiment will be run in an area of ​​more than 8,000 hectares in the Belgorod, Oryol, Kursk and Tambov regions.

Dmitry Konyaev, CEO of URALCHEM: ‘For us, the signed agreement is not just a contract with one of the leading Russian agricultural holding companies. Together with Rusagro, we plan to conduct large-scale research into the effectiveness of fertilizer use. Our specialists will have a unique opportunity to evaluate the results throughout the growing season. In such a way, we will obtain comprehensive information on the effectiveness of using the Company's products.’

Vadim Moshkovich, Board Chairman of Rusagro: ‘One of the strategic objectives of our agricultural business is to increase crop yields. The agreement with URALCHEM is an important step in this direction. Thanks to the joint work, we expect to receive valuable expertise in the field related to the effectiveness of fertilizer use in the regions where we operate.’