Vladislav Baumgertner, Uralkali CEO
What plans for growth does Uralkali have in place?
Following the merger with Silvinit, Uralkali worked out a 10-year development programme that will enable the company to increase its annual production capacity from 11.5m tpa at the end of 2011 to 19m tpa in 2021. Uralkalis portfolio benefits from substantial brownfield capacity which provides the company with the ability to add in an aggregate 4.5m tpa at a highly attractive cost. In addition, we believe that the combination of the positive factors impacting our potash market demand for the next ten years provides an opportunity for the company to move forward with the development of both Ust-Yayvinsky and Polovodovsky greenfield project which will provide the company with additional capacity of 3m tpa.
This capacity increase will further enhance our leading position and reflects our continued confidence in underlying medium and long-term potash market...