OREANDA-NEWS. June 22, 2012. Russian fertilizer producer Uralkali and Belarus’ OJSC Belaruskali suggest moving the headquarters of their trader – CJSC Belarusian Potash Company (BPC) – to Switzerland.

Uralkali CEO Vladislav Baumgertner made a statement to that effect on May 31, the BPC press-service told reporters.

Uralkali and Belaruskali consider the prospects of further boosting the partnership in potash fertilizer trade. Their partnership scheme enabled the BPC to become a leader on the global potash market, Baumgertner said.

Besides optimizing logistics, the parties are pondering on moving the BPC headquarters to Switzerland, which hosts offices of the majority of international trading companies. A move like that would give the BPC a extra competitive advantage, Baumgertner said.

As previously reported, in May Belarus turned to Russia with a proposal to expand the scope of activities of the Belarusian Potash Company (BPC) by authorizing the company to control exports of nitrogen, phosphor fertilizers.

Established in April 2005, Joint Stock Company “Belarusian Potash Company” (BPC) the sole exporter of potassium fertilizers produced by Belaruskali and Uralkali.

The BPC shareholding structure includes Belaruskali with 45%, Belarusian Railways (5%) and Russia’s Uralkali with 50%.

At the moment, BPC controls 42% of the world’s potash fertilizer market.