The
Russian division of British auditing company Ernst & Young has
conducted an audit of URALCHEM's new branch, the Joint Service Centre
(JSC).
Moscow,
Russia (August 27, 2013) -- The Russian division of British
auditing company Ernst & Young has conducted an audit of
URALCHEM's
new branch, the Joint Service Centre (JSC).
The
JSC was established in Perm in early 2013 to unify and optimize the
accounting business processes of URALCHEM's different units within a
single multifunction centre. The centre is responsible for data
processing and preparation of financial statements according to
Russian and international standards, tax accounting, treasury
operations. It also has been given the task of setting up and
maintaining a unified information and telephone systems for the
company.
On
1 February, 2013, the Centre started providing services for the
company's branch in Perm. On 1 May 2013 services were started for
URALCHEM's Berezniki branch. These were audited by Ernst & Young
specialists. The auditors examined the mechanisms of remote
operations, the quality of the whole suite of services identification
of duplication of functions as well as the efficiency of the centre
staff and the cost of its operations. After audit, the results of the
second quarter of 2013 showed that the JSC met all performance
targets and all the tasks are performed at a good level.
The
plans for the next two years include a trebling of the centre's
staff, from one hundred to three hundred people. From 1 October this
year the centre will start providing services for "Power supply
utility of Kirovo-Chepetsk Chemical Plant" and for "Repair
and Engineering Works of Kirovo-Chepetsk Chemical Plant". Form
the beginning of 2014 the centre will roll out services for the plant
in Kirovo-Chepetsk.
-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.
