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EuroChem slows entry into Russian potash marketqrcode

Nov. 14, 2018

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Nov. 14, 2018
Swiss fertilizer producer EuroChem said it would produce less potash this year than originally and would delay the launch of its VolgaKaliy plant to the 1H19, making its entry into the Russian potash market a gradual one.
 
According to Reuters, "the company, controlled by Russian businessman Andrey Melnichenko, initially expected to make 500 000 - 600 000 tonnes of potash this year from its new Usolskiy plant, near Russia’s Ural mountains. It now expects to produce about 300 000 t. He said the start up of EuroChem’s second plant, VolgaKaliy, that was previously scheduled for this year was now expected to take place in the first half of 2019. He did not elaborate."
 
Nearly all of EuroChem' initial potash production will be utilised internally.

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