15 November 2012 14:55 [Source: ICIS news]
LONDON (ICIS)--Uralchem ramped up ammonia and urea output in the first nine months of 2012 as it looked to take advantage of soaring prices for certain products, the Russian fertilizer producer said late on Wednesday.
Ammonia output jumped 9% to 577,561 tonnes from 530,100 tonnes in January-September 2011, while urea output climbed 8% to 856,546 tonnes from 795,680 tonnes in the year-ago period. Total NPK (nitrogen phosphorous potassium) fertilizer output edged up 4% year on year to 462,111 tonnes.
The company concentrated on “high-margin products” during the reporting period and re-launched DAP (diammonium phosphate) production which saw it manufacture just over 45,000 tonnes.
In contrast, MAP (monoammonium phosphate) output fell 15% year on year to 304,791 tonnes and ammonium nitrate (AN) output and its derivatives slipped 7% year on year to just under 1.9m tonnes.
Total production from all enterprises in the Uralchem group increased 0.5% year on year to 4.398m tonnes, the Moscow-based group said, adding output of chemicals for industrial use grew 17% year on year, “mainly due to increased sales of nitric acid in the domestic market”.
“Due to a number of successfully implemented modernisation and technical upgrading projects, the company’s enterprises worked steadily throughout the first nine months of 2012,” said Uralchem CEO, Dmitry Konyaev.
“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 AN and MAP,” he added.
Uralchem’s plants produce up to 2.5m tonnes of AN, 2.8m tonnes of ammonia, 1.2m tonnes of urea, 800,000 tonnes of MAP and DAP, and 800,000 tonnes of complex fertilizers per year.
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