URALCHEM is investing 1.7 billion rubles to develop its subsidiary Azot

13.02.2012 — News

PERM TERRITORY.

Unified Chemical Company URALCHEM, OJSC will continue its ambitious program of investment in 2012.

There are plans to spend approximately 1.7 billion rubles to modernize the production facilities of its subsidiary Azot, and to improve the working conditions. The investment will allow the company to increase its production of mineral fertilizers by about 100,000 tons.

Azot's press office told RusBusinessNews that the company produced more than 2 million tons of commercial products in 2011 and more than 1 million tons of ammonia.

The Unified Chemical Company URALCHEM, OJSC is one of the largest companies in the market for nitrogen and phosphate fertilizers in Russia and the CIS. Its subsidiaries produce over 2.5 million tons of ammonium nitrate, 2.8 million tons of ammonia, 0.8 million tons of monoammonium and diammonium phosphates, 0.8 million tons of compound fertilizers, and 1.2 million tons of carbamide every year.