Riga Fetilizer Terminal launched in the Port of Rīga

18.12.2013

URLACHEM OJSC and RIGA COMMERCIAL PORT (Rīgas tirdzniecības osta, RTO) announce the completion of the construction and opening of a terminal in the Port of Rīga in Latvia for the handling and short-term storage of bulk fertilizers.

The terminal has been designed and constructed as part of a joint project by URALCHEM and SIA Rīgas tirdzniecības osta. The agreement was signed by the companies in 2009. The project was implemented by Riga Fertilizer Terminal Limited, 51 % of which is owned by the URALCHEM holding company and 49 % by RTO. The total investment in the project exceeds 60 million Euros. In the first phase, the annual terminal capacity is 2 million tonnes.

Dmitry Mazepin, Chairman of the Board of Directors of URALCHEM OJSC:

“The construction of the terminal has been a good example of mutually beneficial cooperation between the two countries, Russia and Latvia. This cooperation has made it possible for us to implement a large-scale state-of-the-art infrastructure project in a relatively short period of time. At the same time, URALCHEM’s activities in Latvia are not only limited to business. In the past two years we have paid more than 260 thousand Euros to support various children’s programmes and schools in Rīga. Working together with one of the largest charity funds in Latvia, we have financed medical treatment of seriously ill children. We have also been supporting a lot of Latvian cultural projects for many years.”

Ralfs Kļaviņš, Chairman of the Board of RIGA COMMERCIAL PORT:

“Riga Fertilizer Terminal is one of the few terminals in the port of Rīga that provide manufacturer-owned cargo transhipment. It is an important factor for pricing policy and the economy as a whole. Direct supplies from the manufacturer to its own terminal enable us to considerably accelerate cargo delivery to the end recipient. Ships carrying fertilizers will go from Rīga to South America, China, India, Europe, Australia and many other destinations.”

Dmitry Konyaev, General Director of URALCHEM OJSC:

“URALCHEM is currently a major player in the global fertilizer market, supplying its products to more than 60 countries. Our export shipments are delivered by sea, so opening this terminal will enhance the company's position in the global market and optimize our logistics flows, reduce transportation costs and ensure greater flexibility to meet the demands of end consumers. At the same time, terminal operations will increase revenues to the Latvian treasury and will help create new jobs. We believe that the new logistics centre will strengthen the position of Rīga as a major European port and will enhance the development of the city as an important North European transit hub.”

The terminal has been built using the most up-to-date environmentally friendly technologies and materials. It meets the most stringent EU requirements for safety and environmental impact. All cargo handling operations at Riga Fertilizer Terminal are carried out in enclosed facilities that are completely isolated from the external environment.

Company details in brief:

URALCHEM OJSC — one of the largest nitrogen and phosphor fertilizer companies in the Russian Federation and the CIS with facilities available for annual production of over 2.5 million tonnes of ammonium nitrate, 2.8 million tonnes of ammonia, 0.8 million tonnes of mono- and diammonia phosphate, 0.8 million tonnes of complex fertilizers, and 1.2 million tonnes of urea. URALCHEM is the second largest ammonia and ammonium nitrate producer in the world and the largest in Russia. The key production assets of URALCHEM include the Azot branch OJSC in Berezniki (Perm region), Mineralnye Udobrenya OJSC in Perm, Mineral Fertilizer Plant of Kirovo-Chepetsk Chemical Works OJSC (Kirovo-Chepetsk, Kirov region), and Voskresensk Mineral Fertilizers OJSC (Voskresensk, Moscow region).

RIGA COMMERCIAL PORT LLC (RTO) – the leading investor, developer and operator of port assets and transportation related service companies in the Republic of Latvia. RTO consists of four business units that provide various services ranging from stevedoring and terminal operations, rail freight transportation and forwarding to infrastructure and utility management in the Riga port area. Cargo volumes handled by RTO in 2012: terminal operations (11.4 million tonnes), railway transportation (12.1 million tonnes) and forwarding services (11.3 million tonnes). The consolidated turnover of RTO companies in 2012 was 150 million lats.  

 
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