Subscription and demo access


 
About Interfax
Press Releases
Products & Services
Contact Us
Customer Login
 


Headlines
 

07/30 13:05   Kremlin not entitled to intervene in Ukrainian aviator Savchenko's trial - spokesman
 
07/30 13:03   YANDEX IN Q2 BOOSTS REVENUE 14%, EBITDA FALLS 4% - COMPANY
 
07/30 13:02   YANDEX EXPECTS REVENUE TO GROW 11%-13% IN 2015 - COMPANY
 
07/30 13:00   RusHydro's EBITDA to RAS falls 10% in H1 to 29.5 bln rubles
 
07/30 13:00   MICEX and RTS Indexes at 13:00 MSK
 
07/30 12:59   Peru receives another batch of Mi-171ShA helicopters from Russia
 
07/30 12:58   Avtovaz swings to RAS net profit of 729 mln rubles in H1 (Part 2)
 
07/30 12:57   RUSHYDRO'S EBITDA TO RAS FALLS 10% IN H1 TO 29.5 BLN RUBLES - COMPANY
 
07/30 12:56   Response measures may be taken with regard to countries joining EU's anti-Russian sanctions - Peskov
 
07/30 12:54   Russia to take military-technical countermeasures if sees U.S. missile shield as threat - deputy defense minister
 




 

Interfax.com  |  Interfax news  |  UralChem's VMF shuts down production until May...


News headlines


February 14, 2014 09:58

UralChem's VMF shuts down production until May due to lack of feedstock

MOSCOW. Feb 14 (Interfax) - Voskresensk Mineral Fertilizers, a division of the UralChem group, shut down production for three months on February 7 due to a lack of feedstock, several sources at the company told Interfax. UralChem's press service confirmed this information.

"VMF has been temporarily put into an idle regime from February 7 to May 7, 2014 due to a lack of core feedstock. In accordance with labor legislation, workers will be paid two-thirds of the average wage during this period," the company said.

"If the situation with feedstock supplies does not improve in the period of the temporary shutdown, the question of completely shutting down VMF will be raised," a spokesman for UralChem said.

The company said that the Federal Anti-Monopoly Service (FAS), the Russian government, Industry and Trade Ministry and Moscow Region government have been notified of the situation. The timetable for considering the issue is from one to three months," the company said.

It was reported earlier that UralChem and PhosAgro (MOEX: PHOR) could not reach an agreement on supplies of feedstock - apatite concentrate - for VMF. VMF's contract for apatite concentrate supplies expired at the end of 2013. The companies did not sign a new contract, as they could not agree on pricing terms. VMF proposed to renew the contract on the previous terms, where the price of the apatite was calculated based on past prices adjusted for the industrial inflation index. VMF also proposed to buy 500,000 tonnes of apatite concentrate in 2014 instead of the 850,000 tonnes supplied in 2013.

PhosAgro was prepared to sign a contract based on one of the formulas recommended by the FAS, but UralChem said that under those pricing terms VMF would operate at a loss.

VMF tried to secure a contract for apatite supplies on its own terms through the courts in 2013. The court of first instance ruled in favor of Apatit. VMF appealed the ruling in appellate court, but withdrew the lawsuit on December 10, 2013.

PhosAgro said that, after the withdrawal of VMF's lawsuit, which stated that the company did not want to enter into a contract with the feedstock supplier, Apatit filled orders from other consumers and sold them the concentrate previously set aside pending the dispute with VMF. For 2014, VMF was offered the amount remaining that was not under contract - 60,000 tonnes.

UralChem said that in the course of negotiations VMF had agreed to buy feedstock at Apatit's asking price (about 5,200 rubles/t), but with the option to review it based on the results of the court proceedings.

VMF has not been buying apatite concentrate from PhosAgro since the start of this year and has been operating on feedstock reserves. In January 2014, VMF filed a new lawsuit against Apatit with the Moscow Arbitration Court and a preliminary hearing is scheduled for March 6.

Last week, the Russian government ordered the Industry and Trade Ministry and FAS to work out measures to resolve the problem with supplies of apatite concentrate to VMF.

VMF has capacity to produce 750,000 tonnes of MAP and DAP, 200,000 tonnes of ammonia, 300,000 tonnes of phosphoric acid and 1.1 million tonnes of sulphuric acid annually.

VMF accounts for about 10% of Russia's production of phosphate fertilizers, and is the principal employer in the Moscow Region city of Voskresensk. VMF produced 675,000 tonnes of mineral fertilizer in 2012.

Vp ak

(Our editorial staff can be reached at eng.editors@interfax.ru)

/Interfax/
 Subscription
You can access a demo version of, receive more information about or subscribe to Interfax publications by filling in and returning the form below. We also have dozens of reports in the Russian language, please indicate if you are interested.
Title:


Phone:


E-mail:


First name:


Company:


Country:
Last name:


Division:


City:
Products:
Central Asia & Caucasus Business Weekly
Central Asia General Newswire
Global Gas Analytics
Global Natural Gas Daily
Interfax Via Bloomberg Terminal
Kazakhstan General Newswire
Kazakhstan Mining Weekly
Kazakhstan Oil & Gas Weekly
Russia & CIS Announcements
Russia & CIS Banking and Finance Weekly
Russia & CIS Business and Financial Daily
Russia & CIS Business and Financial Newswire
Russia & CIS Business and Investment Weekly
Russia & CIS Business Law Weekly
Russia & CIS Business news
Russia & CIS Defense Industry Weekly
Russia & CIS Diplomatic Panorama
Russia & CIS Energy Daily
Russia & CIS Energy Newswire
Russia & CIS Events Calendar
Russia & CIS Food and Agriculture Weekly
Russia & CIS General Newswire
Russia & CIS Headline News
Russia & CIS Insurance Weekly
Russia & CIS IT and Telecom Weekly
Russia & CIS Metals and Mining Weekly
Russia & CIS Military Daily
Russia & CIS Military Newswire
Russia & CIS Military Weekly
Russia & CIS Oil and Gas Weekly
Russia & CIS Presidential Bulletin
Russia & CIS Statistics Weekly
Russia Health & Pharmaceuticals
Russia Market Roundup
Russia Press Review
Ukraine Business Daily
Ukraine Business Weekly
Ukraine General Newswire
Please enter the digits from picture in the box below:

July 30, 2015
 
12:53
Probe into MH17 crash cannot be turned into "political inquisition" - Kremlin spokesman
 
12:46
Kyiv's claims of Russia's stance on MH17 tribunal allegedly being de facto recognition of its guilt 'absurd' - Peskov
 
12:44
Moscow not fully satisfied with ongoing probe into MH17 crash - Kremlin spokesman
 
12:37
PESKOV: KREMLIN DOES NOT THINK IT HAS RIGHT TO INTERFERE IN INVESTIGATION AND TRIAL OF UKRAINIAN PILOT SAVCHENKO
 
12:37
ASKED WHETHER UKRAINIAN AVIATOR SAVCHENKO CAN BE SWAPPED FOR RUSSIANS CAPTURED IN DONBAS, KREMLIN SPOKESMAN PESKOV SAYS THE ONLY THING HE CAN CONFIRM IS THAT SAVCHENKO WILL BE TRIED
 
12:37
RUSSIA HAS QUESTIONS OVER NUMBER OF ASPECTS OF ONGOING INQUIRY INTO MALAYSIAN BOEGING CRASH - PESKOV
 
12:35
PROBE INTO MH17 CRASH CANNOT BE TURNED INTO POLITICALLY-MOTIVATED INQUISITION - KREMLIN SPOKESMAN PESKOV, WHEN ASKED WHY RUSSIA VETOED UN SECURITY COUNCIL RESOLUTION
 
12:35
MOSCOW REGRETS RUSSIA NOT TAKING PART IN MALAYSIAN BOEING CRASH INQUIRY AND NOT RECEIVING EXHAUSTIVE ANSWERS TO ITS QUESTIONS - PESKOV
 
12:34
RUSSIA MIGHT TAKE COUNTERMEASURES AGAINST SOME EUROPEAN COUNTRIES THAT JOINED SANCTIONS IMPOSED ON IT - KREMLIN SPOKESMAN PESKOV
 
12:33
KYIV'S CLAIMS THAT RUSSIA'S STANCE ON BOEING INTL TRIBUNAL IS ALLEGEDLY DE FACTO RECOGNITION OF ITS GUILT ARE ABSURD - PESKOV
 
12:32
RusHydro's RAS net profit falls 8% in H1 to 20.2 bln rubles
 
12:28
Moscow interbank bid & offered rate
 
12:28
Russian killed in Ecuador's capital, police tried to pass off his death as suicide - Russian Embassy
 
12:27
RUSHYDRO'S NET PROFIT TO RAS FALLS 8% IN H1 TO 20.2 BLN RUBLES - REPORT
 
 more headlines 



Interviews
 

.
North Korean Ambassador to Russia Kim Hyun Joon has given an interview to Interfax in which he speaks about differences between the Korean Peninsula nuclear problem and the Iranian nuclear dossier, states Pyongyang‘s readiness to bolster its nuclear potential in response to U.S. actions and calls on Washington not to hold joint exercises with South Korea.

more
.
.
OSCE Parliamentary Assembly Director of Communications Richard Solash has given an interview to Interfax in which he speaks about how the ban for Russian State Duma speaker Sergei Naryshkin to enter Finland for the summer session of the OSCE Parliamentary Assembly may impact the session and what this Finland‘s decision may lead to in current conditions.

more
.
.
Head of Operations for Europe and Central Asia of the International Committee of the Red Cross Laurent Corbaz has given an interview with Interfax in which he speaks about the activity of the ICRC in eastern Ukraine and problems that ICRC officials face there, as well as interaction with Russian authorities on humanitarian aid and situation with Ukrainian refugees.

more

 
  
 ©   1991—2015   Interfax Information Service. All rights reserved.
contact information   |   Interfax offices   |   made by web.finmarket

News and other data on this site are provided for information purposes only, and are not intended for republication or redistribution. Republication or redistribution of Interfax content, including by framing or similar means, is expressly prohibited without the prior written consent of Interfax.

Browse other Interfax sites:  Interfax.ru   |   IFX.RU   |   Interfax Group   Rambler's Top100