Introduction

In its tenth year as a company, EuroChem is among the world’s top ten agrochemical companies, with the added benefit of significant interests in mineral resources. Our resource base and production assets are located in Russia and Lithuania, but our sales are global: we sell fertilizers, chemicals and iron ore to 84 countries. Our strategic goal is to become a top 5 global producer by profitability and nutrient capacity, and we plan to invest over USD 5bn through 2015 in new production, improved efficiency and better integration of production processes to help achieve this.

This has been another year of progress in delivering on strategic projects as we continue our journey to become one of the top five global players in the fertilizer industry.

Demand for our products is driven by one of the most basic needs on the planet: subsistence. We seek to help meet that need, while taking a responsible approach to our employees, the environment and communities where we work.

Our investments in potash, nitrogen, phosphates and distribution are aimed at achieving sustainable growth for each of these segments over the long term. We’ll tell you what we’ve already done and what we plan to achieve in the years ahead.

We’re optimistic about the year ahead, and this report tells the story of where we are today, where we’re headed, and how we’re going to get there.