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# KuibyshevAzot to put Volgafert in pledge

Publication Date: 2019-11-18T21:18:16-05:00
Last Updated: 2025-01-30T03:39:53-05:00

Author: Elena Shalashnik (https://www.fertilizerdaily.com/author/shea2707/)

Categories: [Corporate](https://www.fertilizerdaily.com/corporate/)

![KuibyshevAzot to put Volgafert in pledge](https://www.fertilizerdaily.com/wp-content/uploads/2019/11/Mortgage.jpeg)

Project financing required collateral.

The board of directors of the KuibyshevAzot plant (Togliatti, Samara region) has decided to put 68% of Volgafert’s charter capital on pledge to Unicredit Bank, the company said.

Volgafert is a joint venture of KuibyshevAzot and the Italian Maire Tecnimont Group. It plans to set up [a granular urea production facility](https://www.fertilizerdaily.com/20190726-volgafert-to-be-included-in-the-togliatti-advanced-development-zone/) with a capacity of 1.5 thousand tons per day in the Togliatti AZD. Investments in the project will amount to 19.5 billion rubles (more than $ 305 million), and 60 new jobs will be created.

Tags: [carbamide](https://www.fertilizerdaily.com/tag/carbamide/), [KuibyshevAzot](https://www.fertilizerdaily.com/tag/kuibyshevazot/), [nitrogen fertilizer](https://www.fertilizerdaily.com/tag/nitrogen-fertilizer/), [Samara Region](https://www.fertilizerdaily.com/tag/samara-region/), [urea](https://www.fertilizerdaily.com/tag/urea/)

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