Moscow,
Russia (February 5, 2014) -- URALCHEM
set an absolute record in 2013 for the highest output of ammonia in
Russia, with the total output of 2.819 million tonnes. Compared with
2012, production grew by 1.3%. The increased production was achieved
through stable work of the units during the year, the implementation
of projects to increase daily production at the units in the group's
enterprises in the Perm region and in Kirovo-Chepetsk, as well as
through shortening repair down-time. The market situation in the
ammonia segment of the global fertilizer market allowed the company
to steadily follow its general production strategy.
URALCHEM's
production of major commodity products in 2013 comprised 6.039
million tonnes, 0.3% higher than a year earlier. Production of
ammonium nitrate and its derivatives was 2.789 million tonnes, an
increase by 7% compared to the same period last year. Monitoring the
market situation, the company adjusted its production to the existing
demand. Production of ammonia was decreased by 3% to 768 thousand
tonnes. Urea production decreased by 2% to 1.138 million tonnes.
Production of compound fertilizers decreased by 5%, to 581 thousand
tonnes. Production of phosphate fertilizers (MAP / DAP) decreased by
13%, to 433 thousand tonnes.
Comparative
production figures of the URALCHEM Group companies (thousand tonnes):
|
Name
of product |
January
– December, 2012
|
January
– December, 2013
|
Year-on
year change, thousand tons
|
Year-on
year change,
%
|
|
|
Ammonium
nitrate and its derivatives
|
2,605
|
2,789
|
184
|
7%
|
|
|
Ammonia
|
789
|
768
|
-21
|
-3%
|
|
|
Urea |
1,164
|
1,138
|
-27
|
-2%
|
|
|
NPK fertilisers |
610
|
581
|
-29
|
-5%
|
|
|
DAP/MAP |
497
|
433
|
-64
|
-13%
|
|
|
Other types of fertilisers |
15
|
14
|
-1
|
-7%
|
|
|
Other chemicals |
343
|
316
|
-27
|
-8%
|
|
|
Total
|
6,024
|
6,039
|
15
|
0.3%
|
Dmitry
Konyaev, CEO of URALCHEM, OJSC, commented on the results, "In
2013 URALCHEM cemented its leadership of the nitrogen segment. It
retained first place in Russia for the production of ammonia and
ammonium nitrate, and the second in the production of urea. At the
same time, an unfavourable situation for manufacturers in the global
fertilizer market has reduced the output of certain products,
primarily phosphorus fertilizers. In difficult market conditions,
URALCHEM showed its significant margin of safety and ability to
develop. In 2013, we successfully completed our largest logistics
project when we opened a terminal in Riga for transhipment of bulk
fertilizers with the capacity of up to 2 million tonnes per year. We
signed an agreement on cooperation with the world's top developer and
licensor of urea processes, Stamicarbon. At the end of 2013 we
acquired a 19.99 % stake in Uralkali, which we see as a strategic
investment in one of the most profitable and promising sectors of the
fertilizer market."
For
more information, please visit the Company web site
http://www.uralchem.com
or use the following contact information:
PR
Department
URALCHEM,
OJSC
Tel:
+7 (495) 721 89 89
Email:
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.
