Zug, Switzerland, July 12, 2018 – EuroChem Group AG (“EuroChem” or the “Group”), a leading global fertilizer producer, announces the signing of a Memorandum of Understanding (“MOU”) with Heilongjiang Beidahuang Farms, part of Beidahuang Group, China’s largest agricultural company.
Representatives from EuroChem and Heilongjiang Beidahuang Farms signed the MOU at the Usolskiy mine on Wednesday.
The MOU will see EuroChem supply potash and other NPK fertilizers to Heilongjiang Beidahuang Farms. Specific terms are to be agreed by the parties.
The MOU was signed during a visit by Beidahuang executives to EuroChem’s Usolskiy Potash Plant near Perm this week.
Dmitry Strashnov, EuroChem Group CEO, noted: “This Memorandum underscores EuroChem’s commitment to China and highlights our determination to become a strategic supplier to one of the world’s most important agricultural markets.”
With the full ramp-up of potash production at EuroChem Usolskiy Potash and VolgaKaliy, EuroChem will become one of only three companies worldwide with capacity in all three key nutrient categories, providing farmers with all essential crop nutrient solutions.
About EuroChem Group AG
EuroChem is a leading global producer of nitrogen, phosphate and potash fertilizers, as well as certain industrial and mining products. The Group is vertically integrated with activities spanning mining to fertilizer production, logistics, and distribution. EuroChem began potash production at its Usolskiy mine in early 2018, and continues to develop a second greenfield site at VolgaKaliy in Russia. Headquartered in Zug, Switzerland, the Group operates production facilities in Europe, Asia and the CIS, employing more than 26,000 people.
For more information, please visit www.eurochemgroup.com or contact:
Head of Communications EuroChem Group AG
+44 (0) 20 3727 1000
Head of Public Relations MCC EuroChem
Head of Corporate Finance and Treasury EuroChem Group AG