Moscow,
Russia (July 15, 2013) -- Production from all enterprises in the
URALCHEM
group of companies amounted to 3.14 million tons in the first half of
2013. Output increased by 0.7% compared to the same period last year.
Production
of ammonium nitrate reached 1.42 million tons, an increase by 1% over
the same period last year. Ammonia production increased by 1% to 412
thousand tons. Urea production rose to 613.8 thousand tons, which is
2% more than in the first six months of 2012. Output of complex
fertilizers (NPK) increased by 1% to 293.2 thousand tons. Production
of phosphate fertilizers (MAP / DAP) decreased by 3% to 245.2
thousand tons.
Comparative
production figures of the URALCHEM holding companies (tons):
| Product |
January
- June
2013
|
January
- June
2012
|
Year-on
year change,
tons
|
Year-on
year change, %
|
| Ammonium nitrate and its derivatives |
1,422,671
|
1,402,502
|
20,169
|
1%
|
| Ammonia |
412,028
|
409,852
|
2,176
|
1%
|
| Urea |
613,819
|
600,468
|
13,351
|
2%
|
| Complex fertilisers (NPK ) |
293,201
|
290,228
|
2,972
|
1%
|
| Phosphate fertilizers (MAP / DAP) |
245,158
|
253,168
|
-8,010
|
-3%
|
| Other types of fertilisers |
7,966
|
7,161
|
805
|
11%
|
| Other chemicals |
141,159
|
151,116
|
-9,957
|
-7%
|
| Total |
3,136,002
|
3,114,495
|
21,508
|
0.7%
|
Dmitry
Konyaev, CEO of URALCHEM, OJSC, commented on the results for the
first half of 2013, "As a result of ongoing projects to improve
production efficiency, URALCHEM is continuing to increase output of
its key nitrogen products, thereby maintaining a leading position
among Russian manufacturers. During the period, the dynamics of
phosphate fertilizer production reflected the overall situation on
the global market for mineral fertilizers. The continuing low
consumer activity in Asian countries, especially in India, has led to
a global decline in the prices for phosphate fertilizers. URALCHEM's
wide range of products allows us to respond flexibly to changes in
the market. The company continues to expand its product portfolio and
has now entered a new niche, that of water-soluble fertilizers. These
high-margin products are the fastest growing segment of today’s
global market."
-Ends-
PR
department
URALCHEM,
OJSC
Tel:
+7 (495) 721 89 89
E-Mail:
pr@uralchem.com
URALCHEM,
OJSC is one of the largest producers of nitrogen and phosphate
fertilisers in Russia and the CIS with production capacities of over
2.5 million tonnes of ammonium nitrate, 2.8 million tonnes of
ammonia, 0.8 million tonnes of MAP and DAP, 0.8 million tonnes of
complex fertilisers and 1.2 million tonnes of urea. URALCHEM, OJSC is
the second largest ammonium nitrate producer in the world and number
one in Russia, the second largest producer of nitrogen fertilisers in
Russia. Key production assets of URALCHEM, OJSC include Azot Branch
of URALCHEM, OJSC in Berezniki, Perm Region; OJSC Minudobrenia, Perm;
MFP Kirovo-Chepetsk Chemical Works, OJSC Branch in Kirovo-Chepetsk,
Kirov region; Voskresensk Mineral Fertilisers, OJSC in Voskresensk,
Moscow region.
Some
of the information in this press release may contain projections or
other forward-looking statements regarding future events or the
future financial performance of URALCHEM. We wish to caution you that
these statements are only predictions. We do not intend to update
these statements and our actual results may differ materially from
those contained in our projections or forward-looking statements,
including, among others, the achievement of anticipated levels of
profitability, growth, cost and synergy of our recent acquisitions,
the impact of competitive pricing, the ability to obtain necessary
regulatory approvals and licenses, the impact of developments in the
Russian economic, political and legal environment, financial risk
management and the impact of general business and global economic
conditions.
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