Russia's Uralchem H1 production rises 0.7% to 3.14m tonnes

15 July 2013 14:24  [Source: ICIS news]

LONDON (ICIS)--Uralchem’s total first-half output increased by 0.7% year on year to 3.14m tonnes on the back of improved production efficiencies, the Russia-based fertilizer producer said on Monday.

Production of ammonium nitrate reached 1.42m tonnes in the first half of 2013, an increase of 1% over the same period last year, the company added, while ammonia production also increased by 1% year on year to 412,028 tonnes.

Dmitry Konyaev, CEO of Uralchem, said: "As a result of ongoing projects to improve production efficiency, Uralchem is continuing to increase output of its key nitrogen products, thereby maintaining a leading position among Russian manufacturers.

“During the period, the dynamics of phosphate fertilizer production reflected the overall situation on the global market for mineral fertilizers. The continuing low consumer activity in Asian countries, especially in India, has led to a global decline in the prices for phosphate fertilizers,” he added.

Uralchem’s urea production rose 2% year on year to 613,819 tonnes in the first six months of 2013, while the output of complex fertilizers (nitrogen, phosphorus, potassium - NPK) increased by 1% to 293,201 tonnes.

The output increase in the majority of Uralchem’s products more than offset a fall in its production of phosphate fertilizers (diammonium phosphate - DAP - and monoammonium phosphate - MAP), which decreased by 3% to 245,158 tonnes.

Uralchem’s wide range of products allows us to respond flexibly to changes in the market,” Konyaev said.

“The company continues to expand its product portfolio and has now entered a new niche, that of water-soluble fertilizers. These high-margin products are the fastest growing segment of today’s global market."

Product

January - June 2013

January - June 2012

Year-on year change, tons

Year-on year change, %

Ammonium nitrate and its derivatives

1,422,671

1,402,502

20,169

1%

Ammonia

412,028

409,852

2,176

1%

Urea

613,819

600,468

13,351

2%

Complex fertilisers (NPK )

293,201

290,228

2,972

1%

Phosphate fertilizers (MAP / DAP)

245,158

253,168

-8,010

-3%

Other types of fertilisers

7,966

7,161

805

11%

Other chemicals

141,159

151,116

-9,957

-7%

Total

3,136,002

3,114,495

21,508

0.7%

Comparative production figures provided by Uralchem


By: Franco Capaldo
+44 (0)20 8652 3214



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