URALCHEM is investing 450 million US dollars in its development

24.10.2012 — News

PERM TERRITORY

The United Chemical Company URALCHEM, OJSC will spend 450 million US dollars to expand its facilities, increasing its production from today's five million tons per year to up to 6.5 million tons by 2015.

URALCHEM's press office told RusBusinessNews that between 2007 and 2011 the company's revenue grew 400%, to more than 2 billion US dollars, while net profits increased over 800%, to 445 million US dollars. URALCHEM's EBITDA jumped from 207 million US dollars to 752 million US dollars. URALCHEM has not paid out any dividends for five years, instead funneling all its funds into development - a total of 459 million dollars in investments.

Overall production of goods at URALCHEM's factories has grown more than 40% in the last five years, to over five million tons. Each year the company is able to 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. The company is currently one of the ten biggest firms in the Russian agrochemical industry and is Russia's leading producer of ammonia as well as nitrogen and phosphate fertilizer.