Russia's Uralkali increases potash output after acquisition

19 July 2011 14:11  [Source: ICIS news]

MOSCOW (ICIS)--Uralkali has increased its potash output following the acquisition of mineral fertilizer producer Silvinit, the Russian company said on Tuesday.

Its potash output for the second quarter of 2011 was 1.9m tonnes – up 58% year on year, the company added. In the first half of 2011 Uralkali produced 3.1m tonnes of potash, the company said without releasing comparative data.

Uralkali said its potash production was up in the second quarter because it included the former Silvinit’s quota after 17 May. In 2012, Uralkali plans to produce 13m tonnes of potash.

In December 2010, Uralkali and Silvinit shareholders decided to merge the potash producers. The transaction was finalised in May 2011.

Uralkali produced 5.1m tonnes of potash in 2010, up from 2.62m tonnes in 2009. Last year, Silvinit's potash production amounted to 5.2m tonnes, up from 3.5m tonnes in 2009.

By: Sergei Blagov
+44 20 8652 3214

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