EuroChem Invested USD 10 mln into Development of the Subsidiary
OREANDA-NEWS. On 28 February 2008 was announced, that in Kiev opens a the new office of “Agricultural Center of EuroChem-Ukraine” – a trade subdivision of OJSC MCC “EuroChem” took place – at the address: Shorsa street, 44.
100 % of the authorized capital stock of the distribution subdivision (DS) of “Agricultural Center of EuroChem-Ukraine” – former DS “Mosaic Ukraine” – was acquired by OJSC “EuroChem” from the American Company Mosaic Corporation – the leading manufacturer of mineral fertilizers in the USA. The organization itself has been operating in the market of mineral fertilizers over 10 years. Over that time 10 DS “Agricultural Center of EuroChem-Ukraine” reached considerable results becoming the leader in the market of fertilizer blending.
The subdivision was created for the purpose of provision of the Ukrainian market with a full nomenclature of mineral fertilizers produced by plants of OJSC “MCC “EuroChem”, organization of fertilizer blending and provision of comprehensive agro-chemical services. 10 million dollars was invested into acquisition and development of this asset.
“Agricultural Center of EuroChem-Ukraine” has two own workshops for production of dry fertilizers mixtures with power of 100,000 tons per year as well as a team of employees characterized by high qualification in application of agricultural technologies operating in four offices: in Kiev, Donetsk, Vinnitsk and Kirovograd regions. In 2008-2009 OJSC “MCC “EuroChem” plans to exercise investments into construction of one more fertilizer blending unit in Ukraine and acquisition of regional warehouse complexes. The subdivision cooperates with CJSC “Belorusskaya Potassium Company”, OJSC “Gomelsky Chemical Plant” and Ukrainian plants producing nitrogen fertilizers.
Foundation of “Agricultural Center of EuroChem-Ukraine” has been exercised by the Company within the framework of strategic development of the distribution network in the markets of the Russian Federation and CIS. In 2007 EuroChem became the leader among Russian producers of mineral fertilizers in terms of deliveries to Ukraine, the volume of supplied products exceeded 220 thousand tons.
“Plans of the Company include further development of the distribution network and provision of comprehensive agro-chemical services in Ukraine" - according to the Head of the Department for Distribution and Sales in Russia and CIS OJSC MCC “EuroChem” Maxim Seregin.
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