Operations Results of KuibyshevAzot PJSC for Q1, 2019

16.05.2019

Commercial products sales of KuibyshevAzot PJSC for the three months of 2019 amounted to 14.8 billion rubles, which is 4.6% more than the result of the previous year corresponding period. Net profit for Q1 of 2019 amounted 1,7 billion rubles.

Compared with the same period of 2018, the output of the main products was as follows:

— ammonia — 100.4% (taking into account the output of JV Linde Azot Togliatti LLC);

— mineral fertilizers in terms of 100% nitrogen — 100.6%, including:

— ammonium nitrate — 103.8%;

— urea — 104.8%;

— ammonium sulphate — 87.2%;

— caprolactam — 90.2%;

— polyamide-6 — 93.5%;

— industrial yarn — 87.4%;

— cord fabric — 124.0%.

— dipped cord fabric — 92.7%.

In February 2019, within the framework of the Russian Investment Forum in Sochi, State Development Corporation VEB.RF, Gazprombank and KuibyshevAzot PJSC signed a syndicated loan agreement to finance the project “Construction of a plant for the production of “K” grade sulfuric acid and improved oleum with a total capacity of 500 thousand tons per year”. The project will be funded under the “Project Finance Factory” program. The total investment will amount to 6.3 billion rubles.

The work on the construction of a new urea plant in cooperation with Italian concern Maire Tecnimont Group continues. Project includes implementation of advanced technologies, providing environmentally friendly and safe production.

In February 2019, the Board of Directors of KuibyshevAzot PJSC made a decision to develop engineering plastics production in Rudolstadt (Germany).

The construction of ammonium sulphate-nitrate production is reaching completion and the works on the second nitric acid line continues at the production site in Togliatti.

Special attention is paid to environmental projects, among which is the construction of the so far the only in the region storm water treatment facilities for the enterprises of the Northern industrial hub and part of Central District of Togliatti.

All the above-mentioned projects are aimed at ensuring the prospective development of KuibyshevAzot PJSC, reducing of raw materials, heat and energy resources consumption, reducing the environmental impact of production, as well as at maintaining Company’s market positions in the conditions of increasing competition.

In 2019, more than 10 billion rubles will be invested in the development of the Company.