Moscow, Russia (July 14, 2014) -- Last Friday marked the seventh anniversary of the foundation of URALCHEM (http://www.uralchem.com).
Ever since it was set up in 2007, URALCHEM has pursued a strategy of consolidating assets whilst improving the efficiency of business processes, increasing productivity and profitability, as well as reducing transaction costs. Today, URALCHEM is a leading manufacturer of nitrogen fertilizers. Ranking first in Russia in the production of ammonia and ammonium nitrate, the company supplies more than 80 kinds of products in more than 60 countries.
Over the past seven years, URALCHEM has boosted total production by more than 3 times. In 2013 the company produced 6.04 million tons of its main products and set a record for the production of gross ammonia at 2.82 million tons. Revenue has grown more than four-fold for the past seven years, reaching $2.27 billion in 2013. In terms of profitability, URALCHEM is one of the industry leaders, not only in Russia, but also globally. The company's EBITDA grew from $207 million in 2007 to $632 million in 2013, with an EBITDA margin of 28%. The company is actively reinvesting its profits. Over the period of 2007 to 2013, URALCHEM has invested $682 million in its own development.
General Director of URALCHEM OJSC Dmitry Konyaev commented, "Today URALCHEM is one of the leaders of the chemical industry. This is a company that has managed in a short time to walk a path that has taken many players in the industry decades; a company that is confident in the future. We are developing and launching new products, strengthening our positions in key markets and entering new markets. We believe that URALCHEM is set for a long-term and stable development. Its employees, highly qualified managers and effective business model all guarantee this."
More than 300 employees, representing all businesses of the company participated in the celebrations. The guests enjoyed a spectacular boat trip on the Moscow River and a concert.
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URALCHEM, OJSC is one of the largest producers of nitrogen and phosphate fertilizers in Russia and the CIS with production capacities of over 2.8 million tonnes of ammonia, 2.5 million tonnes of ammonium nitrate, 1.2 million tonnes of urea and 0.8 million tonnes of phosphate and compound fertilizers per year. URALCHEM, OJSC ranks first in Russia for production of ammonia and ammonium nitrate, and second for the production of urea. Key production assets of URALCHEM, OJSC include Azot Branch of URALCHEM, OJSC in Berezniki, Perm Region; OJSC Minudobrenia, Perm; MFP Kirovo-Chepetsk Chemical Works, OJSC Branch in Kirovo-Chepetsk, Kirov region; Voskresensk Mineral Fertilisers, OJSC in Voskresensk, Moscow region.
Some of the information in this press release may contain projections or other forward-looking statements regarding future events or the future financial performance of URALCHEM. We wish to caution you that these statements are only predictions. We do not intend to update these statements and our actual results may differ materially from those contained in our projections or forward-looking statements, including, among others, the achievement of anticipated levels of profitability, growth, cost and synergy of our recent acquisitions, the impact of competitive pricing, the ability to obtain necessary regulatory approvals and licenses, the impact of developments in the Russian economic, political and legal environment, financial risk management and the impact of general business and global economic conditions.