The Russian potash producer Ural recently announced details of its capacity expansion plan for the next 10 years.
As the first expansion after the acquisition of another domestic potash fertilizer company, the company's West Lianit, Ural expects to invest US$5.8 billion in ten years. When the expansion projects are all put into production and the capacity reaches 80%, the capacity of potassium chloride will increase to 19 million tons per year in 2012.
Ural’s CEO stated that after acquiring a company with a well-structured and promising growth potential, Ural can more effectively integrate its own resources and tap into its capacity growth potential in a dynamic and challenging market environment. The acquisition of West Littitt and the upcoming expansion plan at the beginning of the year provide guarantees for Ural’s doubled production capacity in the next 10 years. It also laid the foundation for Ural’s potash fertilizer status in Russia and is a milestone event.
Relevant sources told the reporter that Ural Group's 5.3 million tons/year new construction project will be put into production by 2020 or 2021. After the completion of the expansion and expansion of the existing project, the company's potash fertilizer production capacity will increase by 4.5 million tons by 2019. The remaining expansion project with an estimated total capacity of 2.4 million tons will be put into operation at the end of this year or next year. It is understood that the expansion projects include the addition of 1.5 million tons/year of production capacity, Berezniki-2 and Bereznik-3 in the Berezniki 4 project, the troubleshooting of the Solikamsk-2 and Solikamsk-3 projects, and the addition of a total capacity of 1 million tons/year, including the Solikamsk -3 Project Two-phase expansion plan to increase production capacity to 2 million tons per year. In addition, in the ten years, the dynamic positive factors of the potash fertilizer market will also bring 53,000 tons/year of additional potash fertilizer capacity to the company.
Ural CEO stated that “The Ural Corporation's long-term strategic growth plan is to meet the rigid demand for potash on the one hand, and to provide services for consumers and create value for shareholders on the other. The expansion plan of the project is adopted by the Urals. It is the quickest and most cost-effective solution to tap market potential, including the expansion, expansion and new construction projects. We believe that our cost efficiency will be lower than the market average."
It is understood that the share of BPC and ICP accounts for a very high proportion of the total global potash fertilizer exports. In the first half of 2011, the proportion of exports in the first half of 2011 was the same as that of 2010. However, the proportion of potassium-added companies' exports was 25.4% in 2010. It increased to 29.2%, which represented a substantial increase year-on-year. It is reported that Ural Potash has an existing capacity of 10.6 million tons per year, which is the second highest among Canadian potash companies with 13.3 million tons per year.
In the ten years, Ural expects an investment of 5.8 billion U.S. dollars, including 700 million U.S. dollars for the expansion of the Berezniki-4 project, 200 million U.S. dollars for eliminating project failures and improving efficiency, 1 billion U.S. dollars for the expansion of the Solikamsk-3 project, and 1.6 billion U.S. dollars for In the Ust-Yayvinsky project, $2.4 billion was spent on the Polovodovsky project.
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