Uralchem plans to increase output of its core fertilizer products to 6.498 million mt, or by 2.8 percent year-over-year, in 2021, up from 6.318 million mt last year, according to an Itar Tass report, citing Uralchem Deputy CEO Sergei Momtsemlidze on June 29.
The Deputy CEO said the company’s production is growing by 1.5-3 percent annually. Major turnarounds are scheduled at its production facilities this year, and equipment downtime will be slightly longer than in prior years, but output of core products will reach the 6.498 million mt, he said.
Uralchem will invest RUB14.8 billion (approximately $202.7 million at current exchange rates) in its fertilizer production in 2021, according to the report, citing Momtsemlidze.
The company is implementing investment projects at several sites. It is currently designing construction of an NPK plant with capacity of 480,000 mt/y at the Kirovo-Chepetsk site, according to the report, citing the Uralchem Deputy CEO.
Other current projects include the production of potassium nitrate and sulfur products at the company’s Azot site in Berezniki, and the development of a line of water-soluble fertilizers at the Voskresensk operation.