In
August, URALCHEM's fleet of rolling stock increased by 100 new
ammonia tanks.
Moscow,
Russia (August 14, 2014) -- In August, URALCHEM's
fleet of rolling stock increased by 100 new ammonia tanks. A
financial leasing contract was signed by URALCHEM-TRANS (part of
URALCHEM) and Alpha Leasing. The deal amounted to about 500 million
roubles.
The
leasing company was chosen on a competitive basis, which allowed
URALCHEM to negotiate the best terms for the deal. The new tanks are
to be manufactured by the Ruzaevsky Chemical Engineering factory
(Ruzhimmash, part of the RM Rail group). URALCHEM-TRANS has long been
using Ruzhimmash products. Currently, the company's fleet includes
533 leased tanks by this manufacturer and another 76 rented.
Expansion
of its fleet of ammonia tanks is in line with URALCHEM's strategy to
ensure the independence of its logistics chain. In particular, it is
driven by the requirement to reduce its current dependence on leased
fleets of other ammonia manufacturers. This allows the company to
guarantee uninterrupted supply of raw materials and finished
products. By following this strategy in 2012 to 2014, URALCHEM
increased the proportion of its own ammonia tanks from 40% to 71% of
the total number of tanks in its fleet. In total, URALCHEM's rolling
stock of ammonia tanks consists of 1700 ammonia tanks, of which more
than 1200 are owned by the company.
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.
