Uralkali and Silvinit Announce 1Q 2011 Production Results
OREANDA-NEWS. April 15, 2011. Uralkali (
In December 2010, Uralkali and Silvinit announced their intention to merge to create a leader in the global potash market. The merger will create one of the largest potash companies in the world, with leading levels of production and production capacity. Moreover, it is expected that the realization of potential synergies will help the combined company to reduce further its unit costs, which will be among the lowest in the industry. Following the completion of the merger therefore, the combined company will be in a strong position to compete successfully with other players in the global potash market.
Vladislav Baumgertner, Uralkali CEO:
The first three months of this year have seen both Uralkali and Silvinit reach pre-crisis production levels. This was achieved through extensive maintenance work that the two companies carried out at their production units. In addition, in Q1 2011 Silvinit completed a project converting Shaft 3 of SKRU-3 from the extraction of sodium chloride to sylvinite ore.
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