27 January 2011 19:24 [Source: ICIS news]
LONDON (ICIS)--Russian nitrogen and phosphate producer UralChem produced 4.861m tonnes of fertilizer in 2010, an increase of 10% over 2009 levels, the company said in a statement on Thursday.
“All enterprises are working at full capacity. In 2010 we planned to reach the volume of 4.5m tonnes of mineral fertilizers, but we were able to outstrip the target,” said Dmitry Konyaev, CEO of Uralchem.
“We intend to increase the production volume every year and reach the volume of 5.5m tonnes in 2014,” he added.
The company attributed the increase to favourable market conditions and growing domestic and foreign demand from Europe and the US.
Meanwhile, monoammonium phosphate (MAP) production jumped to 334,205 tonnes in 2010 from 35,460 tonnes in 2009.
In contrast, urea production fell 15% to 447,650 tonnes.
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