Moscow,
Russia (August 20, 2014) -- URALCHEM,
OJSC has become a controlling shareholder in SIA
Ventamonjaks. Ventamonjaks is the largest liquid ammonia transhipment
terminal in the Baltic Sea. It has an annual capacity of 1 million
tonnes and is located in the ice-free port of Ventspils. URALCHEM's
subsidiary, Uralchem Freight limited, acted on behalf of URALCHEM as
a party to the transaction and became the owner of 55% of the shares
in the company, which has 100% shares in SIA Ventamonjaks. The
transaction was carried out with the participation of ABLV bank.
Dmitry
Konyaev, General Director of URALCHEM OJSC, commented
The
purchase of the terminal is consistent with our strategic goal of
providing logistic security to the supply of our products. For more
than 15 years the enterprises of URALCHEM have been customers of the
Ventamonjaks. URALCHEM is the leader in Russia in terms of
manufacturing ammonia and intends to increase its production. We are
keen to provide our customers around the world with flexible and the
most favourable conditions for its supply. Our approach to the
purchase of the terminal and to its future management will be
identical to our existing project - the Riga Fertilizer Terminal.
Andrejs
Visnauskas, Chairman of the board of directors of SIA Ventamonjaks,
said
The
acquisition of shares in the terminal by the manufacturer and owner
of the transhipped product provides a long-term guarantee for its
workload. This is an important factor for the competitiveness of the
terminal, its ability to ensure income for its owners and to provide
jobs and taxes for the Latvian budget. We also hope that, with the
help of URALCHEM, we will be able to increase the workload of the
terminal, which has significantly reduced after the global financial
crisis.
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.
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