Azot will invest 9.1 billion rubles in the development of production in 2024

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AK&M 28 March 2024 18:13

The Azot branch of Uralchem JSC will invest 9.1 billion rubles in the development of production in 2024. For comparison, in 2023 — 7.6 billion rubles. This is stated in the company's message.

Currently, the company is simultaneously implementing several important investment projects, the budget of which for 2024 will amount to 4.9 billion rubles. Among them are "Production of potassium nitrate up to 100 thousand tons per year and a by—product of NaCl up to 50 thousand tons per year", "Construction of a new production of carbamide sulfate (UAS) with a capacity of up to 55 thousand tons per year", "Technical re-equipment of a water intake station" and others.

Azot branch plans to allocate 1.6 billion rubles for environmental protection in 2024. In 2023, investments amounted to 211 million rubles.

Uralchem Group is a producer of mineral fertilizers and chemical products. The group's total production capacity is more than 23 million tons. Among the key assets are the Russian companies JSC Uralchem, PJSC Uralkali and JSC TOAZ. The number of employees of the Uralchem group is about 38 thousand people.