OREANDA-NEWS. July 15, 2011. Uralkali (LSE: URKA) has today announced its production results for the six months ended 31 June 2011. Over that period Uralkali produced 3.1 million tonnes* of potassium chloride (KCl), which is 29% higher than Uralkali’s production in H1 2010.

 

Q2, 2011

Q2, 2010

Change, %

6 months 2011

6 months 2010

Change, %

Potassium chloride production (mln tonnes)

1,9*

1,2

58%

3,1*

2,4

29%

*includes production volumes of the Solikamsk site after 17 May 2011 when Silvinit was dissolved

In H1 2011 Uralkali and Silvinit produced approximately 5.2 million tonnes, an increase of 4% of the combined output of Uralkali and Silvinit on the corresponding period of 2010.

 

 

Q2, 2011

Q2, 2010

Change, %

6 months 2011

6 months 2010

Change, %

Potassium chloride production (mln tonnes)

2,7

2,7

-

5,2

5

4%

Uralkali and Silvinit completed their combination in Q2 2011 creating one of the world’s largest potash producers by output and production capacity.

Vladislav Baumgertner, Uralkali CEO:

“The first six months of this year have seen Uralkali to almost double its production capacity through combination with Silvinit. Due to the combination the Company intends to occupy a leading position in the potash industry in terms of output. Moreover, to satisfy the growing demand for potash Uralkali continues its programme aimed at increasing the capacity of Berezniki 4 and Solikamsk 3 which will allow to increase the production capacity of the combined company up to 13 million tonnes in 2012.