Business news from Ukraine

Business news from Ukraine

SEVERODONETSK AZOT RAISES PRODUCTION OF FERTILIZERS IN Q1

PrJSC Severodonetsk Azot, part of Group DF of businessman Dmytro Firtash, in January-March 2021 increased the production of mineral fertilizers by 47.4% compared to the same period in 2020, to 265,620 tonnes, according to the company’s press release published on Tuesday.
During this period, the production of ammonium nitrate decreased by 9.2%, to 141,610 tonnes, urea increased by 3.7 times, to 119,600 tonnes, urea-ammonium nitrate (UAN) by 4.6 times, to 17,400 tonnes, and the production of ammonia water decreased by almost 94.7%, to 150 tonnes.
In addition, the enterprise produced 147,810 tonnes of ammonia; 1,590 tonnes of liquid carbon dioxide and 20,170 cubic meters of medical oxygen in cylinders.
“We managed to increase the utilization of the company’s production capacities from 30% to 50%. Further growth of production volumes will depend on the level of demand for mineral fertilizers and on how the ICIT [Interdepartmental Commission on International Trade] resolves the issue of limiting imports of nitrogen fertilizers in Ukraine,” Board Chairman of Severodonetsk Azot Leonid Buhayov said.
He said that the enterprise will be able to continue to load workshops and increase production if imports are limited due to quotas.
In May 2020, Severodonetsk Azot restored the full production cycle, it began production of its own ammonia and the production of ammonium nitrate, urea, and urea-ammonium nitrate, which made it possible to load production capacities by about a third. According to the company, all concluded contracts are fully implemented, despite the special working conditions during the quarantine period. The enterprise said that some workshops had been idle for more than seven years due to hostilities in the region, lack of reliable power supply and damaged infrastructure.
PrJSC Severodonetsk Azot is one of the largest Ukrainian chemical enterprises. It has been part of Dmytro Firtash’s Group DF since 2011. The core business of the enterprise is the production of mineral nitrogen fertilizers.

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SEVERODONETSK AZOT RESUMES PRODUCTION OF LIQUID CARBON DIOXIDE

PrJSC Severodonetsk Azot has resumed production of liquid carbon dioxide, and its production capacities will allow shipping about 1,500 tonnes of marketable products per month, Group DF said in a press release.
The decision to expand the range of manufactured products due to liquid carbon dioxide, which is not part of the main product line, was made in order to increase the margin of the business.
Production of liquid carbon dioxide became possible after the restoration of the full production cycle at the enterprise and the start of ammonia production, the report said.
PrJSC Severodonetsk Azot is one of the largest Ukrainian chemical enterprises. It has been part of Group DF since 2011. Its core business is production of mineral nitrogen fertilizers.
According to the statements of the enterprise, in 2019 the company received UAH 6.091 billion of net profit against UAH 162.211 million of net loss in 2018. The company’s revenue increased by 2.3 times, to UAH 1.066 billion.

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SEVERODONETSK AZOT INCREASES MINERAL FERTILIZERS PRODUCTION 7.3 TIMES IN Q1

PrJSC Severodonetsk Azot, part of Dmytro Firtash’s Group DF nitrogen business, increased the production of mineral fertilizers 7.3 times in January-March 2020 compared to the same period in 2019, to 180,210 tonnes, the enterprise said in a press release. During the period, the production of ammonia nitrate amounted to 141,610 tonnes (6.3 times more), carbamide amounted to 32,030 tonnes, industrial aqueous ammonia was 2,810 tonnes (5.9 times more), urea-ammonium nitrate (UAN) was 3,760 tonnes (twice as much).
“This year, the enterprise is gradually gathering pace after the restoration of the full production cycle and the start of ammonia production in March. The increase in the production of own ammonia made it possible to raise the production of mineral fertilizers, namely, ammonia nitrate, urea, UAN. Ammonia nitrate together with UAN remain the most demanded products. On the other hand, this year there was low rainfall, little moisture, and we see how demand for aqueous ammonia and urea is increasing,” the company said in the statement, citing chairman of the board Leonid Buhayev.
The company also said it is currently recovering, despite the special working conditions during the period of quarantine measures. All concluded agreements are fully implemented.
PrJSC Severodonetsk Azot is one of the largest Ukrainian chemical enterprises. It has been part of Group DF since 2011. The core business of the enterprise is production of mineral nitrogen fertilizers.

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CHERKASY AZOT RAISES PRODUCTION OF NITROGEN FERTILIZERS

PJSC Azot (Cherkasy), part of Dmytro Firtash’s Group DF, in January-March 2020 increased production of nitrogen fertilizers by 22% compared to the same period in 2019, to 444,100 tonnes, according to a company press release.
Thus, the production volume of commercial ammonium nitrate amounted to 147,100 tonnes (21%), commercial urea some 168,600 tonnes (23%), urea-ammonia mixture some 126,100 tonnes (22%), and ammonia water to 2,300 tonnes. In addition, 216,300 tonnes of ammonia and 168,900 tonnes of non-concentrated nitric acid were produced.
Since the beginning of this year, all production facilities of Cherkasy Azot have been operating at 100% load. One of the factors contributing to the growth of production was weather conditions that allowed farmers to start field work much earlier, the report said.
“The company continues to work, despite the special conditions during the quarantine period, and fully fulfills all contracts, ensuring uninterrupted supplies of nitrogen fertilizers to agricultural producers,” Group DF’s press service said citing Vitaliy Skliarov, the chairman of the company’s board.
PJSC Cherkasy Azot is one of the largest Ukrainian chemical enterprises. It is engaged in production of mineral nitrogen fertilizers. Since 2011, it has been part of Ostchem Group (the Group DF nitrogen business).

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CHERKASY AZOT STARTS PRODUCING NEW TYPE OF FERTILIZERS

PJSC Azot (Cherkasy), part of Dmytro Firtash’s Group DF, has started producing new type of mineral fertilizers – a urea-ammonium mixture with sulphur, the enterprise has reported in a press release. Azot Board Chairman Vitaliy Skliarov, the specialized fertilizer segment, which includes the urea-ammonium mixture with sulphur, is actively developed in Ukraine. The plant quickly launched new production.
In 2017, the volume of the Ukrainian market of the urea-ammonium mixture with sulphur was around 45,000 tonnes and demand on it continues growing. Production of the urea-ammonium mixture with sulphur was organized at the basis of the operating facilities of Azot. The production capacity is 36,000 tonnes a year. In September, the enterprise made a first experimental batch of 540 tonnes, which is ready for shipment to customers.
Skliarov said that Cherkasy Azot is not the first Ukrainian enterprise, which started producing the urea-ammonium mixture with sulphur. However, the plant has market advantages compared with small enterprises, which are involved in artisanal production.
The share of ammonium in the finished product is 26-28.5%, the share of sulphur is 2%, ammonium nitrate – 35-37%, ammonium sulfate – 8.2-8.6% and urea – 27-30%.

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