Tag Archives: fertilisers

Business

URALCHEM Expands Its Own Fleet of Ammonia Transportation Tanks

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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
pr@uralchem.com
http://www.uralchem.com

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.

Business

URALCHEM Increased its Investments to $174 Million in 2013

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In 2013 URALCHEM’s investments in development reached $174 million, an increase of 5.5% compared to the previous year.

Moscow, Russia (March 21, 2014) — In 2013 URALCHEM‘s investments in development reached $174 million, an increase of 5.5% compared to the previous year. $84 million was spent on the implementation of investment projects, $77 million was spent on capital investments in equipment upgrades and $13 million was allocated for capitalized repairs.

The company’s plant in Kirovo-Chepetsk made the biggest contribution to the development investments – $46 million. The main areas of investment in the plant included building facilities for the production of new products, as well as reconstruction of existing facilities to increase production of mineral fertilizers and chemical products. In particular, work was continued on the project to create a new product, calcium nitrate. Another completed project was the increase in the capacity of one of the two units of nitric acid, which had originally started in 2012. Work was begun to increase the capacity of the second nitric acid unit and work continued to increase the capacity of the ammonia unit.

The investments by the “Azot” plant in Berezniki totalled $41 million. The main areas of investment were projects aimed at increasing output and reducing raw material consumption. Major work was carried out on units of production of ammonia, urea and nitric acid. $26 million was spent on the development of the plant in Perm. Most of the funds were allocated to a large-scale programme of modernization of the ammonia unit. The implementation of this project will increase production and reduce raw material consumption. The total capital investments of the plant in Voskresenks amounted to more than $13 million, which was spent on the development of new products.

The company’s major infrastructure project for the year was the completion and launch of the fertilizer handling terminal at the port of Riga in the fourth quarter of 2013. The terminal has a capacity of 2 million tonnes per year. The total investment for this project was about $78 million, $34 million of which was spent in 2013. Also in 2013, the company continued increasing the number of units in its own rolling stock, extending its life and modernizing it.

Dmitry Konyaev, CEO of URALCHEM OJSC, commented, “In 2013, URALCHEM continued to implement a long-term investment programme aimed at the technical upgrade of existing facilities. The main goal of the programme is to increase production and to improve the efficiency of technological processes, reducing rates of raw materials consumption and improving the environmental safety of production.”

PR department
URALCHEM, OJSC
Tel: +7 (495) 721 89 89
Email: pr@uralchem.com
Web: http://www.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.

Business

URALCHEM sets a record in Russia for the production of Ammonia

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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 market situation in the ammonia segment of the global fertilizer market allowed the company to steadily follow its general production strategy.

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.

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
Web: http://www.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.

Business

URALCHEM OJSC Reports Securing a Loan of US $4.5 Billion

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URALCHEM has secured a loan of up to US $4.5 billion. The loan has been granted for a period of 84 months. A major part of the loan will be used to pay for the 20% of shares to be acquired in Uralkali.

Moscow, Russia (December 17, 2013) — URALCHEM OJSC has secured a loan of up to US $4.5 billion. The loan has been granted for a period of 84 months.

URALHEM OJSC and the plant in Kirovo-Chepetsk are the borrowers in the transaction. VTB Capital Plc is acting as the lender, the loan agent and the documentation agent. The loan guarantees are Voskresensk Mineral Fertilisers, OJSC in Voskresensk, URALCHEM Trading House Ltd, OJSC Minudobrenia in Perm, URALCHEM HOLDING P.L.C. and SIA URALCHEM Trading.

Out of the $4.5 billion loan, a major part will be used to pay for the 20% of shares to be acquired in OJSC Uralkali. Part of the borrowed funds can be used to repay the current loan liabilities of the URALCHEM Group and will be called on if the existing creditors of the Group require early repayment of liabilities due to changes in the credit portfolio of the Group.

On 4 December 2013, URALCHEM Group’s shareholders announced an agreement to acquire a package of shares and GDRs in OJSC Uralkali (MICEX-RTS: URKA; LSE: URKA), constituting 20% of total share capital of the company. Closure of the transaction is expected in the near future. These shares will be used as collateral for the loan borrowed from VTB Capital Plc.

PR Department
URALCHEM, OJSC
Tel: +7 (495) 721 89 89
Email: pr@uralchem.com
Web: http://www.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.

Business

URALCHEM has obtained a Syndicated Loan

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The URALCHEM group, a leading Russian producer of mineral fertilizers, has refinanced part of its loan portfolio by procuring a 5-year unsecured syndicated loan.

Moscow, Russia (November 21, 2013) — The URALCHEM group, a leading Russian producer of mineral fertilizers, has refinanced part of its loan portfolio by procuring a 5-year unsecured syndicated loan. The proceeds of the loan have been used to refinance the current syndicated loan deal, concluded in December 2012, under which the Group used assignment of rights on its export contracts as security interest for the loan.

The syndicated loan was obtained on 18 November 2013 from a pool of leading international and Russian banks. Nordea Bank AB (publ), HSBC Bank PLC, Raiffeisenbank and and Rosbank (Société Générale Group) were Mandated Lead Arrangers. Within the framework of the deal, OJSC Nordea Bank acted as Documentation Agent and Nordea Bank AB (publ) acted as Facility Agent. The deal was closed within a very short time, only four weeks from the date of the official invitation to the banks.

The plant in Kirovo-Chepetsk acted as the borrowing party from the URALCHEM Group. URALCHEM OJSC, the plant in Voskresensk, the plant in Perm, SIA URALCHEM Trading in Riga and URALCHEM Trading House were the guarantors of the loan.

The amount of the loan in Euros is the equivalent of US $200 million. The interest rate is Euribor 3m + 2.5%. The loan documentation made provision for an option of a drawdown in Euros, which the company used. The loan period is 5 years with a grace period of 2 years. This was the debut unsecured syndicated loan for the Group, and it made it possible to release secured assets on the assignment of rights on export contracts. The new deal has allowed for reduction of the interest rate on the loan by more than 1.5%, as well as the increase of the average time frame for repayment of the loan.

Dmitry Konyaev, CEO of URALCHEM OJSC commented, “Our mutually beneficial cooperation with the leading banks that form the syndicate has been going on for years. The terms of the new deal and the efficiency of its closing show the high confidence that the banks have in the Group and the sustainability of its financial position. We are grateful to our creditors and appreciate our partnership with them.”

PR department
URALCHEM, OJSC
Tel: +7 (495) 721 89 89
Email: pr@uralchem.com
Web: http://www.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.

Business

URALCHEM Manufactured 4.49 Million Tons of Products in January-September 2013

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Production from all enterprises of the URALCHEM Group during the first nine months of 2013 amounted to 4.49 tons. This is a 2% increase compared with the same period last year.

Moscow, Russia (October 31, 2013) — Production from all enterprises of the URALCHEM Group during the first nine months of 2013 amounted to 4.49 tons. This is a 2% increase compared with the same period last year.

The production of ammonium nitrate and its derivatives amounted to 2.03 million tons, up 7% over the same period last year. The output of complex fertilizers increased by 1%, to 468.4 thousand tons. The production of commodity ammonia decreased by 3%, to 562.6 thousand tons. Urea production decreased to 851.4 thousand tons, which is 1% less than in January-September 2012. Production of phosphate fertilizers (MAP / DAP) decreased by 5%, to 333.3 thousand tons.

“On the whole, URALCHEM’s enterprises showed stable performance, increasing production through the upgrade of its units and increasing their efficiency. URALCHEM took the market situation fully into account and continued to ramp up production in its key nitrogen segment, placing emphasis on the most popular products,” said Dmitry Konyaev, CEO of URALCHEM, OJSC.

In the third quarter of 2013, the situation in the global fertilizer market was unfavourable for producers. The market for phosphate fertilizers suffered an especially significant drop in demand and prices. At the same time, the situation in nitrogen market is more stable.

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PR department
URALCHEM, OJSC
Tel: +7 (495) 721 89 89
E-Mail: pr@uralchem.com
Web: http://www.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.

Business

URALCHEM Joins as New Member of International Plant Nutrition Institute

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URALCHEM joined as a member company of the Inter-national Plant Nutrition Institute (IPNI) at the Board of IPNI Director’s Meeting held on September 24 in Montreal, Quebec, Canada.

Moscow, Russia (September 27, 2013) — URALCHEM joined as a member company of the Inter-national Plant Nutrition Institute (IPNI) at the Board of IPNI Director’s Meeting held on September 24 in Montreal, Quebec, Canada. Mr. Dmitry Konyaev, CEO and Tatiana Rozarenova, Head of the Client and Regu-latory Relations Division were elected to represent URALCHEM as members of the Board.

“Our membership welcomes the decision of URALCHEM to join IPNI and we are honored and encouraged by this extension of our primary support base,” said IPNI President Dr. Terry L. Roberts. “The addition of new members directly impacts IPNI’s scientific and educational programs that are designed to contribute to the advancement of agronomic science, world food security and environmental protection.”

“URALCHEM is an innovative-minded company, investing actively in the R&D field. We are therefore pleased to become a member of a leading scientific organization that brings forward agro-chemical science. Combining our research efforts will improve efficient solutions for the responsible manufacturing, as well as for use of fertilizers in order to meet the growing global demand for agricultural products”, said Dmitry Konyaev.

IPNI membership is another good indication of the URALCHEM’s commitment to being a responsible producer, along with participation in International Responsible Care Programme, supervised by UNO, registering chemical substances with the European Chemicals Agency and getting certification with Fertiliser Industry Assurance Scheme (FIAS) in the UK.

The International Plant Nutrition Institute (IPNI) is a global organization dedicated to research and promotion of information about the importance of scientific use of fertilizers for plant nutrition. Members of IPNI are composed of companies that are large producers of one or more of the major plant nutrients. International and national associations of fertilizer manufacturers and leading global agrochemical research centres are affiliate members of IPNI.

PR department
URALCHEM, OJSC
Tel: +7 (495) 721 89 89
E-Mail: pr@uralchem.com
Web: http://www.uralchem.com

-Ends-

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.

Business

URALCHEM Adds 300 Units to its Fleet of Rail Cars

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URALCHEM OJSC is increasing by 300 its own fleet rail cars for the transportation of mineral fertilizers and liquid ammonia.

Moscow, Russia (September 19, 2013) — URALCHEM OJSC is increasing by 300 its own fleet rail cars for the transportation of mineral fertilizers and liquid ammonia. URALCHEM-TRANS (part of the URALCHEM group) will operate the new cars, along with the rest of URALCHEM’s rolling stock. The cars will be acquired through capital lease agreements, with the participation RB Leasing, LLC. The transaction value exceeds 700 million roubles.

Of the 300 cars purchased, 200 mineral wagons and 100 tank cars are manufactured in Russia. All the cars will be transferred to URALCHEM-TRANS in September and October 2013 and will be used to replace an existing fleet that is being retired. Since the end of 2012, URALCHEM-TRANS’ rolling stock has increased by 500 new cars. Today, the total number of cars under the management of URALCHEM-TRANS is around 8.5 thousand units.

The Director of URALCHEM-TRANS, Vsevolod Kovshov commented: “The planned renovation and expansion of the fleet is one of our key areas of work to ensure the safety of the logistics of the company. The new deal allows us to increase the share of our own rolling stock in the fleet in accordance with the strategic objectives of the Group. The new rolling stock will be used to replace leased, obsolete and worn out cars.”

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PR department
URALCHEM, OJSC
Tel: +7 (495) 721 89 89
E-Mail: pr@uralchem.com
Web: http://www.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.

Business

Ernst & Young have given a positive report on URALCHEM’s Joint Service Centre

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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.

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PR department
URALCHEM, OJSC
Tel: +7 (495) 721 89 89
E-Mail: pr@uralchem.com
Web: http://www.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.

Business

URALCHEM has registered its calcium nitrate in accordance with REACH requirements

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URALCHEM has registered its anhydrous calcium nitrate with the European Chemicals Agency in accordance with the European Community Regulation on chemicals and their safe use (EC 1907/2006), which deals with the Registration, Evaluation, Authorisation and Restriction of Chemical substances (REACH).

Moscow, Russia (July 18, 2013) — URALCHEM has registered its anhydrous calcium nitrate with the European Chemicals Agency in accordance with the European Community Regulation on chemicals and their safe use (EC 1907/2006), which deals with the Registration, Evaluation, Authorisation and Restriction of Chemical substances (REACH). This registration allows the company to seamlessly deliver the product onto the EU market.

Anhydrous calcium nitrate Ca(NO3)2 is a new product for the company and was launched at the company’s plant in Kirovo-Chepetsk. Currently, calcium nitrate is widely used as an additive in concrete and construction mixes, as a constituent of process fluids in the petroleum industry and as raw material for the chemical industry.

The product can also be used as fertilizer. It contains nitrate nitrogen and calcium in the best form for absorption by plants. Among the useful properties of calcium is its ability to increase the strength of cell walls. Use of calcium nitrate increases the yield by 10-15% and significantly improves consumer quality of vegetables and fruit. It also stimulates root development, especially the development of root hairs. Calcium nitrate aids the formation of membranes and strengthens cell walls of plants; it stimulates enzyme activity and metabolism; it also promotes photosynthesis and speeds up the transportation of hydrocarbons and nitrogen assimilation in plants. Usage of the product increases plants’ resistance to environmental stress factors as well as fungal and bacterial diseases.

“Compliance with the requirements of the REACH regulation is a necessary condition for the supply and turn over of chemical substances on the EU market. URALCHEM is closely following developments in this area, and strictly complies with all requirements concerning circulation of chemicals in the EU”, commented Tatiana Rozarenova, Head of Customers and Regulators Department at URALCHEM.

Today, the REACH regulation is one of the most complex technical regulations in the European Union. In 2010, URALCHEM registered 27 substances according to the requirements of the regulation and became one of the first Russian manufacturers in the chemical industry to submit data on its products to the European Chemicals Agency.

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PR department
URALCHEM, OJSC
Tel: +7 (495) 721 89 89
E-Mail: pr@uralchem.com
Web: http://www.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.