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URALCHEM reported the results of the Annual General Meeting of Shareholders

URALCHEM reported the results of the Annual General Meeting of Shareholders

05.07.2012 — News


The URALCHEM United Chemical Company, OJSC, approved the annual report of 2011. At the general meeting that took place on June 29, 2012 the shareholders adopted the resolution that the company would not pay dividends on its shares for the last year and would earmark 4.05 billion rubles of net profit for further development.

The company's press service has informed RusBusinessNews that the meeting participants also elected members of the Audit Commission and approved the appointment of BDO, CJSC, as the auditor of the Company. By the decision of the shareholders, the Board of Directors of URALCHEM consists of Sophie Joel Lees Vergnas Sokolov, Mikhail Genkin, Dmitry Konyaev, Pyotr Krupnov, Dmitry Mazepin, Yuliya Orlovskaya, Dmitry Osipov, and Dmitry Tatyanin.

According to Dmitry Konyaev, General Director of URALCHEM, in 2011 the company's annual output exceeded 5 million tons - showing a 5% increase as compared to the previous year. The record level was reached due to the increased efficiency of production, well-balanced range of products, increased sales on the Russian and world markets. The company is planning to manufacture 6 million tons of products by 2013.

The URALCHEM United Chemical Company is one of the largest companies on the market for nitrogen and phosphate fertilizers in the Russian Federation and CIS, with the output capacity of more than 2.5 million tons of ammonium nitrate, 2.8 million tons of ammonia, 0.8 million tons of mono- and diammonium phosphate, 0.8 million tons of compound fertilizers, 1.2 million tons of carbamide a year. URALCHEM ranks second in the world and first in Russia in the ammonium nitrate output. The core business assets of URALCHEM are the Azot Branch (the Perm Region); Mineral Fertilizers, OJSC (Perm); the Mineral Fertilizer Plant of Kirovo-Chepetsk Chemical Works, OJSC (the Kirov Region); Voskresensk Mineral Fertilizers, OJSC (the Moscow Region).

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