Uralkali Joins the Brazilian Distribution Market

10.12.2021

Uralkali (the Company), one of the world’s largest potash producers, announces that it signed a deal to acquire a 100% stake in UPI Norte, a shareholder of the leading Brazilian fertilizer distributor FertGrow S.A.

The acquisition is consistent with Uralkali’s business strategy, an important element of which is to ensure flexibility of sales with a focus on developing the Company’s own distribution in key markets.

Alexander Terletskiy, Uralkali Trading CEO, commented:

Uralkali attaches significant importance to developing its logistic infrastructure in order to ensure reliable long-term and spot deliveries worldwide. Brazil is one of the largest consumers of mineral fertilizers, thus the acquisition of a stake in FertGrow will considerably help Uralkali to optimize its operations in Latin America.

Uralkali (www.uralkali.com) is one of the world’s largest potash producers and exporters. The Company’s assets consist of 5 mines and 7 ore treatment plants in the towns of Berezniki and Solikamsk (Perm Region, Russia). Uralkali employs more than 12,000 people in the main production unit.

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Cardinal rules

Smoking in mines is prohibited.
Work at heights without wearing a safety harness is prohibited.
Work in electrical installations under voltage is prohibited.
It is forbidden to perform work and stay in the bottomhole zone during the operation of the mining machine.
Loading and unloading operations when people are in the danger zone are prohibited.
Working in underground mines with unsecured and/or unassembled roofing is prohibited.
It is forbidden to carry out repairs and maintenance of conveyors without disconnecting from energy sources, use of conveyors for transfer of people and goods (materials and/or equipment), crossing (either above or under) operating conveyors by employees are not allowed.
It is forbidden to carry out welding and flame work in underground mines and mine buildings without the necessary safety measures preventing fire.