The URALCHEM History
The URALCHEM group has produced a wide range of Russian manufacturing chemicals, including minerals, fertilizers, and ammonia. According to the company, it is the largest manufacturer of ammonium nitrate and the second-largest manufacturer of ammonia and nitrogen fertilizer in Russia.
URALCHEM was founded in 2007 by entrepreneur Dmitriy Mazepin, who is still the major shareholder of the company. According to the company’s website, URALCHEM resulted after Kirovo-Chepetsk Chemical Works, OJSC and Azot, OJSC was merged to form a company.
In 2008, URALCHEM acquired 71.1% of the stake in Voskresensk Mineral Fertilizers, OJSC , followed by 100% of the stock acquired in 2011. Also, the company purchased 7.5% of the stake in Togliattiazot, OJSC and added its contribution to just fewer than 10% the following year. It also received 44.3% of JSC Perm Mineral Fertilizers in 2009. In 2012, URALCHEM increased the share up to 100 percent.
In April 2010, the company announced a prominent 40% of its shares on the London stock exchange in hopes of raising $600 million in cash, which could be used to get debt service. However, IPO was closed on 10 October 2010, with adverse market conditions and investors strained by external factors.
The company, three years later, bought 20% of Uralkali, the world’s largest potash producer. Although the official purchase price is not disclosed, it is estimated that URALCHEM paid $2 900 million for the purchase.
In 2013, the commercial port of URALCHEM and LLC Riga completed construction. It opened a terminal in Riga, in the port of non-compressing fertilizer for the processing and storage of short-term, referred to as the Riga protein terminals. URALCHEM becomes the owner of the control plant. A year later, the chemical industry purchased the Latvian liquid ammonia terminal, SIA Ventamonjak.
In 2014, URALCHEM deployed an integrated program to maximize production programs and improve operational procedures, thereby increasing productivity across the entire group by 4.2% compared to 2013.
In 2015, the name of the company was changed to Joint Stock Company United Chemical Company URALCHEM (JSC URALCHEM). According to the national program for the gradual implementation of imports, the Azot Branch started to produce Amine acids. The project, which rated more than 110 million rubles, carried out in conjunction with Uralkali specialists.
On 1 August 2017, the reorganization of URALCHEM, JSC (Perm) to the subsidiary of PMF Branch was completed, the termination of mineral fertilizers, the corporation as a separate legal entity. The restructuring is aimed at increasing the efficiency of companies operating in the URALCHEM group.
2018, KCCW’s Branch started an Artificial intelligence scan job and Machine Learning program as part of a Web-based pilot consultant-type Granulator (DGD). In the early stages of the project, SAP, along with BDO, acts as a digital model for dryness and nuts and is trained in specialized consultation. The previous data tests showed enough precision in the digital model. Customers and the general team of contractors have confirmed the potential effectiveness of the project.
The organization has also sought to increase its presence in African markets in recent years, especially in Zimbabwe, where URALCHEM hopes to receive at least 50% from the national phosphate fertilizer manufacturer Chemplex. URALCHEM has also worked in Zambia and Angola, where it planned to build a urea industry.