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RUSSIA

Chinese engineering firm awarded PVC plant contract in Uzbekistan
China CAMS Engineering, (Beijing), a subsidiary of China National Machinery Industry Corp., has been awarded a contract to build a petrochemical complex for Navoiazot (Navoi, Uzbekistan). Navoiazot forms part of Uzkimyosanoat (Tashkent, Uzbekistan). The...

PhosAgro results benefit from strong global fertilizer demand
PhosAgro (Moscow), a fertilizer major, today reported net profit increased 70% in the first six months of the year, to 8.1 billion Russian rubles ($231 million), on 6% higher sales of R56.7 billion. Ebitda was 17% higher, at R16.2 billion, and Ebitda margin...

Uralchem subsidiary acquires Ventamonjaks
Uralchem (Moscow), a leading producer of nitrogen and phosphate fertilizers, has acquired a controlling stake in SIA Ventamonjaks, the largest liquid ammonia transhipment terminal in the Baltic Sea. It has an annual capacity of 1 million m.t./year and is...

PhosAgro outlines strategy, ups fertilizer sales, de-emphasizes Indian market
PhosAgro (Moscow), says that its board of directors today reviewed the company’s interim consolidated financial results for the first six months of the year and Andrey Guryev, gave an overview of performance following his first year as CEO. The company...

PhosAgro begins squeeze-out at subsidiary
PhosAgro (Moscow), Europe’s largest producer of phosphate fertilizers and the world’s largest producer of high-grade phosphate rock, has begun squeezing out all shares belonging to PhosAgro-Cherepovets minority shareholders. PhosAgro-Cherepovets...

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