IHS Chemical Week

Regions :: Eastern Europe :: Russia

EuroChem reports higher fertilizer sales, benefits from competitive gas prices

3:48 AM MDT | August 17, 2014 | Natasha Alperowicz

EuroChem (Moscow), Russia’s leading fertilizer producer and one of the largest global players, reports a 3% increase in second-quarter sales to 46.9 billion Russian ruble ($1.34 billion) but an 11% drop in Ebitda to ruble 11.2 billion. Quarterly sales of nitrogen and phosphate fertilizers combined were up 7% to 2.57 million m.t. The year-on-year (YOY) growth was achieved on the back of 6% higher nitrogen and 11% higher phosphates volumes. EuroChem is planning to enter the potash segment in the next few years.   “Our ability to capitalize on our...

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