KuibyshevAzot plans to launch the new granulation unit
In the January-March period of 2021, the KuibyshevAzot plant (Samara region, Togliatti) increased its production of ammonia by 1% and ammonium sulfate by 6.3%, however, the output of ammonium nitrate declined by 4.1%, carbamide by 5.3% and carbamide-ammoniac compound by 33.7%.
The company’s revenue in the 1Q2021 raised by 17.1% to 16.1 billion rubles (approximately $217 million), and its net profit increased by 33.8 times to 2.6 billion rubles (approximately $35 million).
KuibyshevAzot continues the implementation of its investment projects, particularly the construction of a new granulation and evaporation unit. The construction is planned to be completed by the end of 2021.