Moscow-Russian fertilizer producer UralChem OJSC on March 23 issued a statement denying rumors that the company was being prepared for a possible sale. “Just like other large companies in the industry, from time to time we receive offers to sell a part of the assets that belong to UralChem Group,” said Dmitry Mazepin, chairman of the company’s board of directors, in response to what UralChem said were reports in a number of mass media publications. “However, we can confirm that no sale of the company or some part of the company’s assets is currently under negotiation.” UralChem is one of the largest producers of nitrogen and phosphate fertilizers in Russia and the CIS, with production capacities of more than 2.5 million mt of ammonium nitrate, 2.2 million mt of ammonia, 0.8 million mt of MAP and DAP, 0.8 million mt of complex fertilizers, and 0.5 million mt of urea. The company is the second largest ammonium nitrate producer in the world and number one in Russia. Its key production assets include Azot Branch of UralChem OJSC in Berezniki in the Perm region; Kirovo-Chepetsk Chemical Works OJSC in Kirovo-Chepetsk in the Kirov region; and Voskresensk Mineral Fertilizers OJSC in Voskresensk in the Moscow region.
Transparency Across the Fertilizer Value-Chain