Uralchem intends to reduce its debt burden ahead of the schedule

Uralchem hails the recommendation of Uralkali’s Board of Directors addressed to Uralkali shareholders to pay dividends on preferred shares based on the results of nine months of 2021. Uralchem plans to use the received funds to reduce its debt burden to Russian creditors ahead of schedule.

Uralchem is one of the largest companies in the nitrogen and phosphorus fertilizer market in Russia and the CIS, with a production capacity of over 3 million tons of ammonia, 3 million tons of ammonium nitrate, 1.2 million tons of carbamide, and a million tons of phosphorus fertilizers and complex fertilizers per year.