Moscow,
Russia (September 19, 2013) -- URALCHEM
OJSC is increasing by 300 its own fleet rail cars
for the transportation of mineral fertilizers and liquid ammonia.
URALCHEM-TRANS (part of the URALCHEM group) will operate the new
cars, along with the rest of URALCHEM's rolling stock. The cars will
be acquired through capital lease agreements, with the participation
RB Leasing, LLC. The transaction value exceeds 700 million roubles.
Of
the 300 cars purchased, 200 mineral wagons and 100 tank cars are
manufactured in Russia. All the cars will be transferred to
URALCHEM-TRANS in September and October 2013 and will be used to
replace an existing fleet that is being retired. Since the end of
2012, URALCHEM-TRANS' rolling stock has increased by 500 new cars.
Today, the total number of cars under the management of
URALCHEM-TRANS is around 8.5 thousand units.
The
Director of URALCHEM-TRANS, Vsevolod Kovshov commented: "The
planned renovation and expansion of the fleet is one of our key areas
of work to ensure the safety of the logistics of the company. The new
deal allows us to increase the share of our own rolling stock in the
fleet in accordance with the strategic objectives of the Group. The
new rolling stock will be used to replace leased, obsolete and worn
out cars."
-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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