TOGLIATTIAZOT BECAME THE LARGEST SUPPLIER OF UREA TO THE RUSSIAN MARKET

In 2019 PJSC TOAZ (Togliattiazot), one of the leaders in producing ammonia in Russia, also became the largest supplier of urea to the agricultural market of the Russian Federation.

According to the results of 2019, the company's share in the market of this mineral fertilizer of the Russian Federation amounted to more than 38% (data by the Federal Anti-Monopoly Service of the Russian Federation). The quantity of shipments of urea production of TOAZ to the Russian market amounted to 274 thou. tons (in 2018 - 250.9 thou. tons.)

Last year, TOAZ rapidly developed the supplies to the domestic market, offering high-quality products in accordance with the needs of the agricultural sector. This was facilitated by an increase in production (urea production in 2019 amounted to 784.6 thou. tons, becoming a record high result for the past twelve years).

The company is constantly improving its production capacity, taking into account the growing demand in the domestic market. As a part of a strategic modernization program with the value of more than 47.5 bn rubles Togliattiazot keeps upgrading its urea production units. Completed works have ensured uninterrupted operation of both units, increased equipment reliability in accordance with the actual requirements in industrial and environmental safety. The third unit with a capacity of 2.2 thou. tons per day is also under construction; its commissioning is planned for 2021.

In the long-term strategy of the company until 2025, a further increase in the production of urea is planned - more than 2.5 times, up to 2.53 million tons per year, partly through the construction of the 4th unit for the production of this product. A special place in it is given to supporting the development of the Russian agro-industrial complex, the introduction of digital technologies, improving the quality of production of mineral fertilizers and increasing the effectiveness of interaction with agricultural producers and farms.

The successful activity of PJSC TOAZ in the domestic market was noted by the Ministry of Agriculture of the Russian Federation, which presented a letter of appreciation to the staff of the company at the All-Russian Agronomic and Agroengineering Meeting.

Deputy General Director - Director for Commercial Affairs of CJSC Corporation Togliattiazot Vladislav Pustynnikov emphasized: “I want to express my sincere gratitude to the Ministry of Agriculture of the Russian Federation, the close interaction and active support of which allowed us to demonstrate such outstanding results in 2019. They confirm the strategic importance of the Russian market for TOAZ. We will continue our active work with domestic consumers, providing them with quality products and contributing to the development of Russian agriculture.”

For reference: urea (carbamide) is a chemical compound, carbonic acid diamide. In industry it is synthesized from ammonia and carbon dioxide. Urea is a highly concentrated nitrogen fertilizer. In agriculture, it is also used as an effective feed protein additive. In addition, urea is used to produce synthetic resins, plastics, adhesives, varnishes, and for refining petroleum products.

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07.08.2020The High Court of Ireland Confirmed its Decisions in Regards with the Foreclosure of PJSC TOAZ Shares

PJSC TOAZ has received a letter from the lawyers of its majority shareholders informing of the decisions that the High Court of Ireland had taken within the case that involved PJSC TOAZ shareholders and is being heard by the Court. In order to inform the public, we publish the bullet points from the letter.