Uralchem become shareholder in SIA Ventamonjaks inBaltic Sea

Uralchem becomes controlling shareholder in Ventamonjaks

6:13 AM, 21st August 2014
Uralchem become shareholder in SIA Ventamonjaks in the Baltic Sea

MOSCOW, RUSSIA: Uralchem, OJSC has become a controlling shareholder in SIA Ventamonjaks, largest liquid ammonia transhipment terminal in the Baltic Sea. It has an annual capacity of 1 million tonne and is located in the ice-free port of Ventspils. Uralchem’s subsidiary, Uralchem Freight limited, acted on behalf of Uralchem as a party to the transaction and became the owner of 55 per cent of the shares in the company, which has 100 per cent shares in SIA Ventamonjaks.

“The purchase of the terminal is consistent with our strategic goal of providing logistic security to the supply of our products. For more than 15 years the enterprises of Uralchem have been customers of the Ventamonjaks. Uralchem is the leader in Russia in terms of manufacturing ammonia and intends to increase its production. We are keen to provide our customers around the world with flexible and the most favourable conditions for its supply. Our approach to the purchase of the terminal and to its future management will be identical to our existing project – the Riga Fertilizer Terminal,” said Dmitry Konyaev, General Director of Uralchem OJSC.

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