Fertilizers

Grodno Azot increased production of carbomide-ammonium mixture and ammonium sulfate in February 2019

Grodno Azot (Republic of Belarus) increased output of commercial products by 22.2% in February 2019.

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Phosagro to propose Turkey to reduce or cancel duty for import of mineral fertilizers from Russia

The head of Phosagro, Andrei Guriev, intends to submit to the Turkish President Recep Erdogan a proposal to reduce or cancel import duties on Russian mineral fertilizers.

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LUKOIL may buy Ammonium for $1 billion

LUKOIL may unexpectedly purchase Tatarstan's Ammonium, which is in a pre-bankrupt state.

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Rinsoco Trading may buy 13.2% of Uralkali’s shares at 89 rubles apiece

Rinsoco Trading has sent a mandatory offer to the Bank of Russia to purchase Uralkali’s shares at a price of 89 rubles per share, the Cypriot company informs.

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Russia and Kazakhstan agree to support the project EuroChem.

Russia and Kazakhstan have agreed to fully support the project of the EuroChem company in the city of Zhanatas.

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Uralchem and Uralkali open new sale markets

Uralchem and Uralkali, focused on progressive reduction of their debt burden and diversification of loan portfolios, are simultaneously exploring new markets that can replace traditional India and

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Fosagro to redistribute supplies on Russian market after launch of a complex at Metakhim

Fosagro has planned to redistribute supply of fertilizers to the Russian market after launch of a new production complex at Metakhim.

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Akron confirms its strategic goals till 2025

Akron continues implementation of investment projects at Akron and Dorogobuzh in the framework of the Strategy of development of 2017-2025, as well as construction of an underground mine at phospha

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In 2018, Akron Group’s EBITDA grew by 16% to $591 mln

In 2018, revenue of Akron grew by 15% to 108 062 million rubles compared with result of 2017, 94 342 million rubles.

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In 2018, Fosagro’s net profit fell by 13%

In 2018, the net profit of Fosagro under IFRS decreased by 13% to 22.135 billion rubles, the company reported. The revenues amounted to 233.43 billion (+29%).

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