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# KuibyshevAzot is drastically losing profit

Publication Date: 2020-10-30T09:00:17-04:00
Last Updated: 2020-10-29T16:38:21-04:00

Author: Kirill Shakin (https://www.fertilizerdaily.com/author/shakinkirill/)

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

![KuibyshevAzot is drastically losing profit](https://www.fertilizerdaily.com/wp-content/uploads/2020/10/img_8275_site_1560857484.jpg)

COVID-19 pandemic and the market conditions ruined the company.

In January-September this year, the sales of KuibyshevAzot (Samara region, Togliatti) decreased by 15% to 34.6 billion rubles (approximately $435.6 million), while net profit fell by 60% to 1.4 billion rubles (approx. $176.3 million) due to unfavorable conditions in the global market and decrease in demand due to the COVID-19 pandemic.

The production of ammonia decreased by 2.8% to 778.1 thousand tons, carbamide by 9.1% to 246.5 thousand tons, ammonium sulfate by 11.9% to 345 thousand tons. Nevertheless, the output of ammonium nitrate increased by 12.8% to 553.8 thousand tons, carbamide-ammoniac compound by 53.5% to 199.1 thousand tons.

In September, the enterprise conducted shutdown overhauls at the production units of ammonia, carbamide, ammonium nitrate, and caprolactam.

Tags: [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/)

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