Togliattiazot reduced carbamide sales by 5%

In 1H2021 the Togliattiazot plant (Samara region) reduced ammonia production by 0.8% to 1.503 million tons, while increased carbamide output by 1% to 0.498 million tons. The preservation of production volumes became possible due to the stable non-stop operation of the units, which is a consequence of the strategic program for the modernization of capacities implemented since 2012.

Sales of ammonia increased by 0.3% to 1.248 million tons, however, sales of carbamide fell by 5% to 0.476 million tons.

In the January-June period of 2021, the revenue of Togliattiazot jumped by 70% to 45.5 billion rubles (approximately $615 million), and net profit increased by 22.3 times to 15.6 billion rubles (about $211 million).

Togliattiazot is one of the largest ammonia producers in Russia and the world.

Add Fertilizer Daily to your followed sources to get market news first  

Enjoyed the story?

Once a week, our subscribers get their hands first on hottest fertilizer and agriculture news. Don’t miss it!

SEE THE EXAMPLE

GET THE NEWSLETTER!