Latest news with #fertilizers
Russia Today
12 hours ago
- Business
- Russia Today
Russian fertilizer giant to boost exports to Africa
Uralchem, one of Russia's largest fertilizer producers, has announced plans to dramatically expand exports to Africa, with a target of 5 million metric tons per year by 2030. The company's CEO, Dmitry Konyaev, unveiled the goal at the 'Business dialogue Russia-Africa' panel discussion at the 28th St. Petersburg International Economic Forum (SPIEF) on Thursday. Konyaev said the goal of increasing annual shipments from 1 million metric tons at the end of 2024 to 5 million by the end of the decade would represent 'real results and real achievements' for both Uralchem and Africa's agricultural sector. He added that by the end of 2024, Africa had imported only 10 million tons of fertilizers, which he described as disproportionately low for the continent. According to the Uralchem CEO, the low distribution of fertilizers in Africa is a result of internal structural barriers, including poor logistics infrastructure and complicated financial settlement mechanisms. 'Often, an African farmer pays more than a European [farmer] for the same fertilizers. It's absolutely absurd,' Konyaev stated. To address these challenges, Uralchem has decided to pursue local distribution by creating joint ventures with African states. The company has already launched operations in South Africa and Cote d'Ivoire, according to Konyaev. Mikhail Rybnikov, the CEO of PhosAgro, another major Russian fertilizer company, said the key buyers of the company's products now include South Africa, Mozambique, Ethiopia, Cameroon, and Morocco. 'Our company makes an important contribution to strengthening food security and food sovereignty in African countries,' Rybnikov said. Since late 2022, Uralchem has supplied more than 134,000 tons of fertilizers to African nations free of charge. Over 111,000 tons have been shipped from European ports and warehouses to Malawi, Nigeria, Kenya, and Zimbabwe in collaboration with the UN World Food Program.
Zawya
5 days ago
- Business
- Zawya
Egypt: MOPCO plans to enhance operations due to rising tensions in Middle East
Arab Finance: Misr Fertilizers Production Company (MOPCO) has decided to implement an intensive maintenance plan to improve operating conditions, according to a bourse filing. The company attributed the decision to the war in the Middle East and its impact on natural gas supplies to the factories. MOPCO will announce any material updates in due time to adhere to the disclosure rules for listed companies in the Egyptian Exchange (EGX). In the first quarter (Q1) of 2025, the company's net profits after tax fell by 63% year-on-year (YoY) to EGP 2.813 billion from EGP 7.648 billion. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
Zawya
5 days ago
- Business
- Zawya
Egypt: Abu Qir Fertilizers plans to enhance operations amid Middle East war
Arab Finance: Abu Qir Fertilizers and Chemicals Industries Company (ABUK) decided to implement an intensive maintenance plan for its plants to enhance operating conditions, according to a bourse statement. This step comes as a result of the repercussions of the rising tensions in the Middle East and their impact on the natural gas supplied to the company's plants. Meanwhile, Abu Qir Fertilizers will disclose any material updates in due time to adhere to the disclosure rules for listed companies in the Egyptian Exchange (EGX). © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
Yahoo
7 days ago
- Yahoo
Drones hit one of Russia's largest nitrogen fertiliser plants
Drones attacked Nevinnomyssk Azot, one of Russian largest chemical plants, in the city of Nevinnomyssk in Stavropol Krai on the night of 13-14 June. Source: Russian Telegram channels; Stavropol Krai Governor Vladimir Vladimirov Details: Vladimirov reported the fall of drone debris in the industrial zone in Nevinnomyssk. He said the attack had targeted the chemical plant Nevinnomyssk Azot. He first announced that one person had been injured, but later confirmed that there were no casualties as a result of the attack. Videos taken by witnesses, showing drones over the city and explosions, apparently near the facility, have been posted on social media. Nevinnomysskiy Azot is one of the largest producers of nitrogen fertilisers and ammonia in Russia. According to open sources, Nevinnomyssk Azot is one of the largest producers of nitrogen fertilisers and ammonia in Russia. The plant operates the only units in Russia for the production of methyl acetate and high-purity acetic acid and the country's first melamine production facility. Support Ukrainska Pravda on Patreon!
Reuters
13-06-2025
- Business
- Reuters
Egyptian fertilizers companies halt operations after Israeli gas imports drop, sources
CAIRO, June 13 (Reuters) - Egyptian fertilizers companies halted operations on Friday morning, industry sources told Reuters, due to a drop in gas imports from Israel. They said the gas import decline was caused by the suspension of operations at major Israeli gas fields resulting from tensions between Israel and Iran.
