EuroChem history 2001-2008

2001

  • EuroChem established as a holding company for a number of legal entities owned by its shareholders

2002

  • Acquires controlling stakes in current Russian assets: Nitrogen plants Novomoskovskiy Azot and Nevinnomysskiy Azot; phosphate plants Phosphorit and Belorechinskiye Minudobreniya (BMU); iron ore and apatite mine Kovdorskiy GOK

2003

  • Series of upgrades and overhauls at BMU plant

2004

  • Large-scale upgrade of ammonia production launched at Novomoskovskiy Azot sharply reduces gas and steam consumption

2005

  • Acquires Lifosa phosphate plant from shareholders
  • Acquires license to mine Gremyachinskoe potash deposit in the Volgograd region at a public auction. The site has 1.15bn tonnes of reserves and 0.72bn tonnes of resources (P1)

2006

  • Begins construction of Tuapse transhipment terminal
  • Successful syndication of US$ 350m 40-month loan nominated best deal of the year by Global Trade Review and Trade Finance magazines

2007

  • Debt capital market debut with US$ 300m Eurobond issue
  • Acquires a terminal in the Murmansk merchant port
  • Acquires Mosaic Ukraine and Mosaic Krasnodar distributors

2008

  • Receives first corporate credit ratings (BB-) from Fitch and S&P
  • Attracts a four-year, US$ 1.5bn syndicated loan that wins numerous “deal of the year” awards
  • Acquires a license to mine the Verkhnekamskoe potash deposit in the Perm region at a public auction. The site has reserves of 1.5bn tonnes of sylvinite*
  • Signs contracts for construction of mine shafts at Gremyachinskoe potash deposit
  • Credit rating upgraded to BB by Fitch and S&P

* A+B+C1+C2+P1 according to Russian reserves classification.