EuroChem timeline 2010

February

  • EuroChem is one of three EMEA finalists for the Gartner Business Intelligence Excellence Award.
  • The first EuroChem employees and their families move into newly-constructed employee housing at Gremyachinskoe potash deposit.

March

  • EuroChem secures ten-year, USD 261m ECA-backed loan facility for financing the ongoing construction of the cage shaft at its Gremyachinskoe potash deposit by South Africa-based Shaft Sinkers Limited. The transaction was awarded the ‘Deal of the Year 2010’ by Euromoney Trade Finance Magazine.

April

  • The Russian Union of Industrialists and Entrepreneurs (RSPP) awards EuroChem with the ‘Russia’s Best Companies: Dynamics, Efficiency, Responsibility 2009’ recognition in the ‘High Product Quality’ category.

July

  • EuroChem prices eight year RUB 5.0bn Bond at 8.90% per annum with 5 year put option.
  • Standard & Poor’s confirms EuroChem’s corporate credit rating of BB/stable.
  • Prime Minister Vladimir Putin visits EuroChem’s fertilizer plant under construction in Volgograd region and opens newly built 200-unit housing facility for future employees and their families.
  • EuroChem completes pre-design work for the planned construction of a bulk terminal at the commercial port of Ust-Luga, Leningrad region. The terminal is expected to have a capacity of approximately 5 MMT p.a.

August

  • EuroChem secures 13-year, EUR 36.7m ECA-backed loan facility. The loan benefits from the cover for both political and commercial risks by EGAP, the official Czech ECA. The interest rate is 1.95% p.a. over six-month EURIBOR.
  • Novomoskovskiy Azot becomes largest urea plant in Europe. The introduction of a second line creates the largest urea plant in Europe with a daily capacity of 4,350 tonnes/day. Additionally, ammonia and urea dust emissions will be 32% and 36% lower, respectively, than Russian averages.
  • EuroChem doubles feed phosphate capacity at AB Lifosa to 150,000 tonnes p.a.
  • EuroChem secures five year, USD 250m bilateral credit line with Nordea Bank.

September

  • Fitch affirms EuroChem’s at ‘BB’, outlook revised to stable.

November

  • Active shaft sinking begins at the Gremyachinskoe potash site.
  • EuroChem prices another RUB 5.0bn domestic bond issue at 8.25% p.a.