Uralchem may buy Russian assets of global grain traders

AK&M 08 December 2022 12:07

Uralchem may acquire the Russian assets of global grain traders Cargill and Viterra (Glencore Agriculture). This is evidenced by a letter from Uralchem CEO Dmitry Konyaev to Russian President Vladimir Putin dated November 21, Kommersant reports.

Cargill and Viterra may stop working in Russia in 2023. At the same time, their grain trading activities, including exports, largely overlap with Uralchem's business, reports D.Konyaev.

Viterra and Cargill are among the largest exporters of Russian grain. Viterra, together with Demeter Holding (45% owned by VTB), operates a terminal in the port of Taman with a capacity of 5 million tons of grain per year, and also owns a terminal in Rostov-on-Don for 1.5 million tons per year. Cargill owns a stake in the KSK terminal in Novorossiysk with a capacity of 6 million tons per year, as well as an enterprise for the production of feed ingredients and products from starch and molasses.

Uralchem JSC (TIN 7703647595) is one of the largest companies in the market of nitrogen and phosphorus fertilizers in the Russian Federation and the CIS, with capacities for the production of more than 3 million tons of ammonia, 3 million tons of ammonium nitrate and its derivatives, 1.2 million tons of urea and 1 million tons of phosphorus and complex fertilizers per year. Uralchem ranks first in Russia in the production of ammonium nitrate, second in the production of ammonia. The main production assets of JSC Uralchem include the Azot branch (Berezniki, Perm Krai), the PMU branch (Perm), the KCHK branch (Kirovo-Chepetsk, Kirov Region), the Voskresensk Mineral Fertilizers JSC (Voskresensk, Moscow Region).