In 2012, the URALCHEM group increased funding for social and charitable projects to 232.3 million roubles, compared to more than 90 million roubles in 2011.
Moscow, Russia (April 29, 2013) -- In 2012, the URALCHEM group increased funding for social and charitable projects to 232.3 million roubles, compared to more than 90 million roubles in 2011.
"We see the support of social and charitable programmes as one of the most important parts of corporate ethics. Record production levels and the financial results achieved by the company in 2012 have allowed us to increase funding for social programmes by almost 2.5 times compared with 2011," the Chairman of the Board of Directors of URALCHEM, Dmitry Mazepin, commented.
The main focus of URALCHEM's charitable activity is the support of children's and youth sports. The Group's enterprises in 2012 contributed more than 77.1 million roubles for this purpose. In addition, assistance is provided to child and youth programmes aimed at improving health, education and recreation. Significant donations are also made to the support of veterans and pensioners. Traditionally, URALCHEM assists in organizing various sports and cultural events in the cities where the company's facilities are located.
The company's largest plant in Kirovo-Chepetsk became the largest contributor, paying 97.9 million roubles in donations and sponsorships. A significant amount of these funds was provided for an unprecedented initiative to support 70 large low-income families from the Kirov Region; all these families received Lada Granta cars from URALCHEM.
The Azot Branch and Minudobrenia, both located in the Perm Region, allocated 45.8 million roubles for charitable projects. The Voskresensk Mineral Fertilizers plant in the Moscow Region spent 27.7 million roubles on sponsorship and charity. An addition to the generous contributions made by the separate enterprises, nearly 61 million roubles was paid directly by the URALCHEM company itself for good causes.
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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.