EuroChem Outlines Investment Plans; Signs Deal with Development Bank

EuroChem Minerals and Chemicals Co. (EuroChem; Moscow), Russia's leading producer of fertilizers and Europe's third largest player, has outlined an investment strategy and plans to enter the potash fertilizer market. The company plans to spend $3.2 billion by 2012 with further expenditure planned through 2018. Plans include entry into the potash fertilizer market in Russia by 2013 through the development of the Verkhnekamsk potash deposit in the Perm region; and the Gremyachinsk potash deposit in the Volgograd region; as well as construction of a...

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