Regions :: Eastern Europe :: Russia
EuroChem details potash plans; IPO possible within five years
3:40 AM MDT | April 11, 2013 | Natasha Alperowicz in Volgograd
EuroChem (Moscow), Russia’s largest fertilizer producer, has detailed plans to enter the potash market, outlined its business plan, and said that an initial public offering could take place within five years. Entering the potash market would make EuroChem one of only four global players present in all three main plant nutrients: nitrogen, phosphorus, and potassium. The other three are PotashCorp, Agrium, and Mosaic. EuroChem is investing a combined $7billion in 2 separate potash production facilities, the VolgaKaliy (Volgograd, Russia) potash...
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