19 Apr 2013 16:14

EuroChem wants to increase basic product output by 5% per year in next decade

MOSCOW. April 19 (Interfax) - OJSC Mineral and Chemical Company EuroChem is tasking itself with boosting the output of its basic products - ammonia, phosphoric acid and potash - by over 5% per year in the next decade, the Russian fertilizer producer's General Director Dmitry Strezhnev told reporters.

"We want to grow faster than the market in our basic products. The mineral fertilizer market is growing by 2%-3% per year. We want over 5% in the next ten years," he said.

Altogether, EuroChem has over 100 products and flexible production facilities, which allows it to react quickly to market demands, Strezhnev said.