Voskresensk Mineral Fertilizers increased Russian market shipments
Voskresensk Mineral Fertilizers (part of Uralchem) has reported 2021 results. The output of mineral fertilizers increased by over 80 thousand tons to 658.6 thousand tons.
Of the total volume, the production of water-soluble monoammonium phosphate and NPK fertilizers with trace elements amounted to 73.5 thousand tons (it was 48 thousand tons in 2020) and 11.6 thousand tons (9.3 thousand tons in 2020), respectively. The output of complex fertilizer brand NPKS 8:20:30:3 almost doubled to 240.6 thousand tons, while the output of NPKS 15:15:15:11 increased by 20 times to 146.3 thousand tons.
The growth was ridden by an increase in capacity due to equipment upgrades, repair and modernization of production sites. Investments of Voskresensk Mineral Fertilizers in 2021 reached a record 2 billion rubles (almost $26 million).
In 2021 the company completed a large-scale investment project to modernize sulfuric acid production, as part of which three towers of the contact sulfuric acid workshop were replaced within the past few years. Total investments in the project exceeded 730 million rubles (almost $9.5 million).
Voskresensk Mineral Fertilizers also expanded the supply of products to the domestic Russian market by 27.9 thousand tons to 412.4 thousand tons.
“Undoubtedly, 2021 became a successful year for our enterprise in all respects,” said Dmitry Trushkov, General Director of Voskresensk Mineral Fertilizers. “We increased the production volumes by 15%. We managed to achieve such impressive results not only due to the commissioning of new production lines but also due to updating the technology and reducing equipment downtime. In 2022, we plan further expand our product portfolio and launch several investment projects.”