MOSCOW, RUSSIA, November 19, 2012 /24-7PressRelease/ -- URALCHEM OJSC announces operating results for the first 9 months of 2012. Production from all the enterprises of the URALCHEM Group increased by 0.5% compared to the same period in 2011, amounting to a total of 4.398 million tonnes. The production of ammonia increased by 9% and there was an 8% increase in the production of urea. The production of chemicals for industrial use increased by 17%, mainly due to increased sales of nitric acid in the domestic market. The production of high-margin products also increased: diammonium phosphate (DAP) was re-launched and the production of complex fertilizers increased by 4%. The manufacture of ammonium nitrate and ammonium phosphate was reduced by 7% and 15% respectively.
Comparative production figures of the URALCHEM Group's enterprises (tonnes):
Name of product 9 months of 2012, tonnes 9 months of 2011, tonnes Year-on year change, %
Ammonium nitrate and its derivatives 1 898 707 2 032 432 -7%
Ammonia 577 561 530 100 9%
Urea 856 546 795 680 8%
NPK fertilizers 462 111 445 604 4%
DAP 45 080 - 0%
MAP 304 791 357 171 -15%
Other fertilisers 11 224 8 381 34%
Other chemicals 242 533 207 948 17%
Total 4 398 553 4 377 315 0,5%
2011 data include the results of Minudobrenia OJSC (Perm).
Dmitry Konyaev, CEO of URALCHEM, OJSC commented on the operating results for the first nine months of 2012, "Due to a number of successfully implemented modernization and technical upgrading projects, the company's enterprises worked steadily throughout the first 9 months of 2012. As a result of the market conditions at that time, we focused on increasing the production of ammonia and high-margin products, at the same time reducing production of ammonium nitrate and ammonium phosphate."
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.