Market Overview

URALCHEM Has Become the Largest Russian Producer of Ammonia

 

In 2012, URALCHEM became the largest Russian producer of ammonia. The supporting data was published in the annual report of the Russian Scientific Research and Design Institute of Nitrogen and Organic Synthesis Industry (GIAP). In 2012, the Company manufactured a total of 2,781,877 tons of ammonia, which was 3% higher than in 2011[1].

In 2012, URALCHEM increased the production of most of its main commodity products. The total output reached 6.024 million tons, up 2% from the previous year. The production of diammonium phosphate (DAP) grew by 64%. The production of complex fertilizers (NPK) increased by 8%. The production of ammonia and urea grew by 7% and 5% respectively.

 

Comparative production figures of the URALCHEM holding companies

in 2011-2012 (tons):

Name of product

Year 2011*, tons

Year 2012, tons

Year-on year change, %

Ammonia (commodity)

738,891

789,154

7%

Urea

1,105,015

1,164,333

5%

NPK fertilisers

564,497

609,941

8%

Ammonium nitrate and its derivatives

2,654,564

2,604,699

-2%

DAP

68,473

112,497

64%

MAP

451,787

384,681

-15%

Other types of fertilisers

11,595

15,274

32%

Other chemicals

290,185

343,236

18%

Total

5,885,007

6,023,815

2%

 

Dmitry Konyaev, CEO of URALCHEM, OJSC commented on the results for the year 2012: "In the past few years, we have been paying great attention to modernization. We have been investing in the renewal of facilities and working to improve the efficiency of production. In 2012, we were responsive to the needs of the market and focused on the production of ammonia and other products demanded by the market. Due to these factors, we were able to surpass the record production figures of 2011, with a total output of more than 6 million tons of commercial products, as well as achieving strong financial performance. "



[1]including production from the Minudobrenia enterprise in Perm.

Posted-In: Markets Trading Ideas

 

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