Last
Friday marked the seventh anniversary of the foundation of URALCHEM.
Moscow,
Russia (July 14, 2014) -- Last Friday marked the seventh
anniversary of the foundation of URALCHEM.
Ever
since it was set up in 2007, URALCHEM has pursued a strategy of
consolidating assets whilst improving the efficiency of business
processes, increasing productivity and profitability, as well as
reducing transaction costs. Today, URALCHEM is a leading manufacturer
of nitrogen fertilizers. Ranking first in Russia in the production of
ammonia and ammonium nitrate, the company supplies more than 80 kinds
of products in more than 60 countries.
Over
the past seven years, URALCHEM has boosted total production by more
than 3 times. In 2013 the company produced 6.04 million tons of its
main products and set a record for the production of gross ammonia at
2.82 million tons. Revenue has grown more than four-fold for the past
seven years, reaching $2.27 billion in 2013. In terms of
profitability, URALCHEM is one of the industry leaders, not only in
Russia, but also globally. The company's EBITDA grew from $207
million in 2007 to $632 million in 2013, with an EBITDA margin of
28%. The company is actively reinvesting its profits. Over the period
of 2007 to 2013, URALCHEM has invested $682 million in its own
development.
General
Director of URALCHEM OJSC Dmitry Konyaev commented, "Today
URALCHEM is one of the leaders of the chemical industry. This is a
company that has managed in a short time to walk a path that has
taken many players in the industry decades; a company that is
confident in the future. We are developing and launching new
products, strengthening our positions in key markets and entering new
markets. We believe that URALCHEM is set for a long-term and stable
development. Its employees, highly qualified managers and effective
business model all guarantee this."
More
than 300 employees, representing all businesses of the company
participated in the celebrations. The guests enjoyed a spectacular
boat trip on the Moscow River and a concert.
Public
Relations Department
URALCHEM,
OJSC
Tel:
+7 (495) 721 89 89
URALCHEM,
OJSC is one of the largest producers of nitrogen and phosphate
fertilizers in Russia and the CIS with production capacities of over
2.8 million tonnes of ammonia, 2.5 million tonnes of ammonium
nitrate, 1.2 million tonnes of urea and 0.8 million tonnes of
phosphate and compound fertilizers per year. URALCHEM, OJSC ranks
first in Russia for production of ammonia and ammonium nitrate, and
second for the production of urea. 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.
