June 16, 2023
(press release)
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Uralkali, one of the world’s leading producers of potash, signed memorandums of understanding (MoUs) with five fertiliser importers from China: China National Agricultural Means of Production Group Corporation Ltd, Zhejiang AMP Group Co. Ltd, Beifeng Agricultural Production Means Group Co. Ltd, Inner Mongolia Tianyue Huijing Industrial Group Co. Ltd, and Suifenhe Guangcheng Economic and Trade Co. Ltd. The MoUs were signed during the ongoing St. Petersburg International Economic Forum (SPIEF) in Russia. Uralkali was represented by its Chairman of the Board of Directors Dmitry Osipov, who signed the documents with representatives of each of the importers. The agreements reflect the parties’ intention to purchase and supply muriate of potash of Russian origin to China in 2023-2025. All shipments will be made by railway transportation via land border crossing gates by special railcar lots. The indicative annual amount of supply is in the range of 200-300 thousand tonnes per one importer. In total, Uralkali may deliver around 3.5 mln tonnes over three years to the five partners in China. Dmitry Osipov, Uralkali Chairman of the Board of Directors: For Uralkali specifically, China has been for many years a strategic partner, accounting for about 20% of our total sales in recent years. Uralkali has a unique competitive advantage in that it is able to supply its products to China not only by sea, but also by railway. And railway deliveries to China are consistent regardless of seasonal demand fluctuations. We welcome these agreements, which carry forward our long-term and mutually beneficial relations with Chinese partners. Uralkali (www.uralkali.com) is one of the world’s largest potash producers and exporters. The Company’s assets consist of 5 mines and 7 ore treatment plants in the towns of Berezniki and Solikamsk (Perm Region, Russia). Uralkali employs more than 13,300 people in the main production unit.
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