The Ural Potash Company, Russia’s largest potash producer, has announced that the company will form an alliance with the Belarusian Potash Company from January 1st next year. After the cooperation between the two parties, Russia is expected to become the world's largest supplier of potash fertilizer.
The Ural Potash Company currently supplies 11% of the world's total potash fertilizer to the international market, ranking fifth in the world. In addition to its cooperation with the Belarusian Potash Industry Corporation, the company plans to invest 650 billion roubles (1 US dollar = 28.3 roubles) to build new potash mines and modernize existing mines. According to the plan, before 2012, the company's potash fertilizer production will double compared to 2003, with annual production of 8.5 million tons; by 2014, annual production will reach 9.5 million tons.
90% of Potash Fertilizer produced by Ural Potash Company is used for export, of which 33% is exported to China, 22% to Brazil, 10% to India, and 16% to European countries. .
The Ural Potash Company currently supplies 11% of the world's total potash fertilizer to the international market, ranking fifth in the world. In addition to its cooperation with the Belarusian Potash Industry Corporation, the company plans to invest 650 billion roubles (1 US dollar = 28.3 roubles) to build new potash mines and modernize existing mines. According to the plan, before 2012, the company's potash fertilizer production will double compared to 2003, with annual production of 8.5 million tons; by 2014, annual production will reach 9.5 million tons.
90% of Potash Fertilizer produced by Ural Potash Company is used for export, of which 33% is exported to China, 22% to Brazil, 10% to India, and 16% to European countries. .
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