EuroChem Invests 4.5 Billion Roubles in Tula Region
By 2015, Russia’s largest mineral fertilizer EuroChem will invest up to 4.5 billion roubles ($150 mln. USD) in the innovative development of the economy in Tula region.
The four-year investment program, launched in 2011 and covering 7 major areas, is focused on increasing energy efficiency, eliminating pollution, and the effective processing of raw material. The key element of the investment plan has been the upgrade and rebuilding of Novomoskovskiy Azot (NAK Azot), the nitrogen segment of EuroChem located in Novomoskovsk, Tula Region.
Market Risk: Russian Ammonia Suppliers Unstable
Russia is the world's largest producer and exporter of ammonia with two dominant producers, EuroChem (19% of the market) and Togliattiazot (18% of the market). Tilde Finance experts have analyzed basic production statistics for all largest domestic producers, performed an analysis of exports and imports, carried out an analysis of factors affecting the development of the market and performed an in-depth analysis of the market situation and trends which can be classified as potential risks to worldwide supplies. The report is based on data collected from the world’s largest ammonia consumers and their assessment of the current situation.
The Russian market, which produced 13.9 million tons of ammonia in 2011, is very important globally and can have a significant affect on a variety of world trading factors. Any uncertainty in supplies may be qualified as potential risks for large consumers, as it will be hard for them to re-orientate their supply chains in order to compensate for the shortages. In addition, potential supply shortages could trigger price volatility on the global markets.
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