IN FEBRUARY, TOGLIATTIAZOT INCREASED UREA SUPPLIES TO THE RUSSIAN MARKET BY 20%.

In February 2021, TOAZ PJSC (Togliattiazot), one of the leading producers of ammonia and urea in Russia, increased supplies of urea to the domestic market to 35 thousand tons. The growth compared to the same period in 2020 was 20%.

TOAZ is placed among the leaders in urea supplies to the Russian market. At the end of 2020, the specified volume amounted to more than 250 thousand tons, and the share of TOAZ in the domestic market of the Russian Federation was about 15%. At the same time, the share of urea produced by TOAZ in supplies for the needs of the agro-industrial complex of the Russian Federation (agricultural consumption) was about 30%.

Vladislav Pustynnikov, Deputy General Director - Commercial Director of Togliattiazot Corporation JSC, noted:

– The Ministry of Agriculture of the Russian Federation announced the needs of Russian agricultural producers for 2021. They increased to 4.5 million tons in active substance. We promptly responded to the increased needs of the domestic agro-industrial complex and in February re-directed shipments in order to provide farmers with the necessary volumes of mineral fertilizers.

Over the past years, TOAZ has been actively developing urea supplies to the Russian market to fulfill the needs of the agricultural sector. This is facilitated by an increase in production - the output of urea in 2020 amounted to 839 thousand tons (in 2019 – 784.6 thousand tons) - this figure is a record for TOAZ since 1991.

The company is constantly improving its production facilities taking into account the growing demand in the domestic market. As a part of the strategic modernization program in the amount of over 51 billion rubles TOAZ carried out a complete renovation of both urea production units, ensuring their stable and uninterrupted operation, increasing the reliability of the equipment in accordance with the current requirements in the field of industrial and environmental safety. The construction of a third unit with a capacity of 2.2 thousand tons per day is also underway; its commissioning is scheduled for late 2021 - early 2022.

For reference: Сarbamide (urea) 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 protein feed additive. In addition, urea is used for the production of artificial resins, plastics, adhesives, varnishes, and for the purification of petroleum products.

29.03.2021IN FEBRUARY, TOGLIATTIAZOT INCREASED UREA SUPPLIES TO THE RUSSIAN MARKET BY 20%.

In February 2021, TOAZ PJSC (Togliattiazot), one of the leading producers of ammonia and urea in Russia, increased supplies of urea to the domestic market to 35 thousand tons. The growth compared to the same period in 2020 was 20%.

10.03.2021TOAZ BOARD SETS A NEW DATE OF AGM

Board of Directors of PJSC TOAZ at its meeting convened on March 8, 2021 took a decision to move the date of this year’s Annual General Meeting of Shareholders (AGM) and change the format to absentee.

02.03.2021TOAZ 2020 AGM TO BE HELD ON APRIL 3, 2021

Board of Directors of PJSC TOAZ (Togliattiazot, the Company) at its meeting convened on February 26, 2021 set a date to conduct an AGM.