Uralchem

General Director of the company Dmitry Konyaev (owns 4% of shares), Chairman of the Board of Directors Dmitry Tatyanin (48% of shares). Dmitry Mazepin stepped down from management and retained 48% of the company's shares.{{Cite web|url=https://www.kommersant.ru/doc/5258696?ysclid=lfs9qndtc1908618325#more|title=Топ-менеджеры "Уралхима" стали его владельцами|website=kommersant.ru|date=15 March 2022 }}{{Cite web |title=Mazepin sells controlling stake in Uralchem, resigns as CEO |url=https://www.reuters.com/article/ukraine-crisis-uralchem-mazepin-idUKKCN2L80PB/ |website=Reuters}}

Uralchem was founded in 2007 by businessman Dmitry Mazepin, who was the majority shareholder of the enterprise until 2022, when he reduced his share to 48%.{{Cite web|url=https://www.forbes.com/profile/dmitry-mazepin/|title=Dmitry Mazepin|website=Forbes|language=en|access-date=2019-09-27}}{{Cite news|url=https://www.reuters.com/article/us-uralchem-ipo-idUSTRE6363RP20100407|title=Uralchem says to float 40 pct of shares in IPO|date=2010-04-07|work=Reuters|access-date=2019-09-27|language=en}}{{cite web|url=https://www.interfax.ru/business/827500|title=Мазепин снизил долю в "Уралхиме" ниже 50% и ушел с поста гендиректора|website=interfax.ru}} According to the company website, Uralchem was established after the controlling stakes of chemical companies Kirovo-Chepetsk Chemical Works and Azot were combined to form a single enterprise.{{Cite web|url=https://www.uralchem.com/about/history/|title=History|website=Uralchem}}

In 2008, Uralchem acquired a 71.1 percent stake in Voskresensk Mineral Fertilizers, followed by 100 percent stock acquisition in 2011. Equally in 2008, the company bought a 7.5 percent stake in chemical company Togliattiazot and increased its stake to just below 10 percent the following year. It also obtained 44.3 percent of JSC Perm Mineral Fertilizers in 2009. In 2017, Uralchem increased its stake in Perm Mineral Fertilizers to 100 percent.{{Cite web|url=https://versia.ru/uralxim?ysclid=lfs9c50fji226766840|title=Досье//Уралхим|access-date=2021-07-07}} In 2023, Uralchem completed the reorganization of Voskresensk Mineral Fertilizers JSC in the form of a merger with UCC Uralchem JSC.{{Cite web|url=https://tass.ru/ekonomika/17170993|title=Компания "Воскресенские минеральные удобрения" прекратила деятельность с 1 марта в связи с реорганизацией|access-date=2023-03-01}}

In April 2010, the company announced to float 40 percent of its shares on the London Stock Exchange in the hopes of raising up to $600 million in funds to be used for servicing debt incurred by the acquisitions. However, the IPO was put on hold in October that year, citing unfavorable market conditions and investors' nervousness "about external factors."{{Cite news|url=https://www.bloomberg.com/news/articles/2010-10-19/uralchem-may-revisit-london-ipo-plan-sell-525-million-of-bonds-ceo-says|title=UralChem May Revisit London IPO Plan, Sell $525 Million of Bonds|date=19 October 2010|work=Bloomberg}}

The company three years later, in 2013, bought 20 percent of Uralkali, the biggest potash fertilizer producer in the world.{{Cite news|url=https://www.ft.com/content/614375f0-5b50-11e3-a2ba-00144feabdc0|title=Uralchem buys 20% of Uralkali as 'potash war' eases|date=2 December 2013|work=Financial Times}} Although no official transaction price was ever disclosed, it is estimated that Uralchem paid $2.9 billion for the acquisition.{{Cite news|url=https://www.reuters.com/article/us-uralche-uralkali-idUSBRE9B10AR20131202|title=Uralchem shareholders to buy 20 percent of Russia's Uralkali|date=2013-12-02|work=Reuters|access-date=2019-09-27|language=en}}

In 2013 Uralchem and LLC Riga Commercial Port completed construction and opened a terminal at the Riga Port in Latvia for bulk fertilizers handling and short-term storage, called Riga Fertilizer Terminal. Uralchem became the controlling shareholder of the facility.{{Cite web|url=http://www.rft.lv/en/media/press-releases/riga-fetilizer-terminal-launched-in-the-port-of-riga/|title=Riga Fetilizer Terminal launched in the Port of Rīga : Press Releases : Media : Riga Fertilizer Terminal|website=www.rft.lv|access-date=2019-09-27}} A year later, the chemical firm acquired a controlling stake in Latvia's liquid ammonia transshipment terminal SIA Ventamonjaks.{{Cite web|url=https://www.icis.com/explore/resources/news/2014/08/20/9813514/russia-s-uralchem-acquires-baltic-ammonia-transhipment-terminal|title=Russia's Uralchem acquires Baltic ammonia transhipment terminal|last=Brown|first=Tom|website=Icis|language=en-US|access-date=2019-09-27}}

The firm has also sought to increase its presence in African markets in recent years, particularly Zimbabwe,{{Cite web|url=http://www.floraldaily.com/article/9062850/uralchem-reaches-agreement-with-zimbabwe/|title=Uralchem reaches agreement with Zimbabwe|website=www.floraldaily.com|date=17 January 2019 |language=EN|access-date=2019-09-27}} where Uralchem is hoping to acquire a minimum 50 percent stake in Chemplex, the state phosphorus fertilizer producer.{{Cite news|url=https://af.reuters.com/article/investingNews/idAFKCN1PA1CS-OZABS|archive-url=https://web.archive.org/web/20190927150228/https://af.reuters.com/article/investingNews/idAFKCN1PA1CS-OZABS|url-status=dead|archive-date=September 27, 2019|title=Russia's Uralchem in talks to buy a stake in Zimbabwe's Chemplex|date=2019-01-16|work=Reuters|access-date=2019-09-27|language=en}} Uralchem has also announced the beginning of cooperation Zambia and Angola, where it plans to build a urea plant. {{Cite news|url=https://af.reuters.com/article/investingNews/idAFKBN1FT0TA-OZABS|archive-url=https://web.archive.org/web/20180209093552/https://af.reuters.com/article/investingNews/idAFKBN1FT0TA-OZABS|url-status=dead|archive-date=February 9, 2018|title=Russian fertiliser tycoon to boost sales in Zimbabwe, Zambia|date=2018-02-09|work=Reuters|access-date=2019-09-27|language=en}}

In December 2021 Dmitry Mazepin rewrote his Cyprus-based companies Uralchem Holding and CI-Chemical Invest, controlling “Uralchem”, to Russian jurisdiction at special administrative district on Oktyabrsky Island of Kaliningrad Oblast.{{Cite web|url=https://www.interfax.ru/business/806364|title=Мазепин редомицилировал в РФ компании, через которые контролирует Уралхим|language=ru|date=2021-12-03|publisher=Интерфакс}} In March 2022, Dmitry Mazepin entered into an agreement to sell the Cyprus company Uralchem   Freight Limited (UFL), which owns shares in two Latvian companies operating ports in Riga and Ventspils - SIA Riga Fertilization Terminal (RFT) and SIA Ventamoniaks (VA). The buyer was the Swiss company Svizraa SA.{{Cite web|url=https://forbesbaltics.com/en/news/article/swiss-company-svizraa-does-not-agree-to-the-limitation-of-its-activities-in-latvia/806364|title=Swiss company Svizraa does not agree to the limitation of its activities in Latvia|language=en|date=2022-08-18|publisher=forbesbaltics.com}} The Latvian authorities refused to register the transaction, after which the contract for the sale of the company with Svizraa SA was terminated.{{Cite web |title=VS.lv: Šveices uzņēmums Svizraa nepiekrīt savas darbības ierobežošanai Latvijā |url=https://vs.lv/raksts/ekonomika/2022/08/18/sveices-uznemums-svizraa-nepiekrit-savas-darbibas-ierobezosanai-latvija/amp |access-date=2024-03-21 |website=vs.lv}}{{Cite web |title=UralChem unable to sell Riga terminal to Swiss trader - co-owner |url=https://interfax.com/newsroom/top-stories/85273/ |access-date=2024-03-21 |website=interfax.com}}

According to company figures, Uralchem has annual production capacities of 3 million tons of ammonia and ammonium nitrate, 1.2 million tons of urea as well as 1 million tons of phosphate and complex fertilizers,{{Cite web|url=https://www.uralchem.com/upload/UH-eng-newprev.pdf|title=Uralchem|website=Uralchem}} accounting for 27.6 percent of ammonium nitrate, 16.9 percent of ammonia and 15 percent of urea production in Russia.

There is a main article – The Togliattiazot affair.

Since taking a minority stake in Togliattiazot, Uralchem has criticized Togliattiazot for a lack of transparency relating to its activities on multiple occasions. Uralchem argues that its management has been repeatedly refused access to Togliattiazot's major shareholders and management to important documents such as protocols and internal orders of the lists of affiliated persons as well as quarterly and annual reports.{{Cite web|url=https://finance.rambler.ru/economics/14067680-v-moskve-sostoyalsya-kruglyy-stol-zaschita-prav-minoritarnyh-aktsionerov-novye-vozmozhnosti/|title=В Москве состоялся круглый стол "Защита прав миноритарных акционеров: новые возможности"|website=Рамблер/финансы|language=ru|access-date=2019-09-27}}{{Cite web|url=http://www.rapsinews.com/judicial_news/20190603/300003603.html|title=Uralchem recognized as victim in organized criminal syndicate creation case|website=RAPSI|access-date=2019-09-27}}

The Uralchem leadership has also accused Togliattiazot's majority shareholders Vladimir and Sergei Makhlai of engaging in large-scale fraud involving an export scheme for their ammonia and urea production. According to media reports, the Togliattiazot between 2008 and 2011 had sold its produce in the international markets primarily through Nitrochem Distribution AG, a Swiss trading company owned by Ameropa Holding AG and a main Togliattiazot shareholder,{{Cite web|url=http://www.digitaljournal.com/blog/19784|title=Russian investigators exposing $550 million fraud with Swiss company involved - Bill Pradi - Digital Journal|website=www.digitaljournal.com|access-date=2019-09-27}} at below market prices. The owner of Ameropa AG, Andreas Zivy, is one of the controlling shareholders of Togliattiazot, along with the Makhlai Family. Nitrochem Distribution then resold the products to independent buyers at market prices.{{Cite web|url=https://www.eurasianbusinessbriefing.com/togliattiazot-owners-put-ammonia-producer-sale/|title=Togliattiazot owners put ammonia producer up for sale|date=2017-06-05|website=Eurasian Business Briefing - Information for Investors|language=en-US|access-date=2019-09-27}} Through the scheme, minority shareholders like Uralchem sustained losses of $550 million, according to Forbes.{{Cite web|url=https://www.forbes.ru/news/231422-sledstvennyi-komitet-raskryl-aferu-na-550-mln-na-tolyattiazote|title=Следственный комитет раскрыл аферу на $550 млн на "Тольяттиазоте"|date=24 December 2012|website=Forbes}}

Investigations by the Russian authorities led to the freezing of assets and shares of Togliattiazot owned by the majority shareholders worth $2 billion. The court also prohibited Sergei Makhlai from holding senior positions at the company, after which he resigned from the board.{{Cite news|url=https://www.irishtimes.com/business/energy-and-resources/russia-raider-attack-case-makes-it-to-the-high-court-1.2864787|title=Russia 'raider attack' case makes it to the High Court|last=Keena|first=Colm|newspaper=The Irish Times|language=en|access-date=2019-09-27}} In July 2019, Sergei and Vladimir Makhlai as well as Togliattiazot's former CEO Evgeny Korolev and their Swiss partners Andreas Zivy and Beat Ruprecht were sentenced to prison in absentia by the Komsomolsky District Court in Togliatti for a period of 8.5 to 9 years.{{Cite web|url=http://www.rapsinews.com/judicial_news/20190709/301509200.html|title=Former Togliattiazot executives sentenced to prison in absentia|website=RAPSI|date=9 July 2019 |access-date=2019-09-27}}  The court ordered them to pay damages to Togliattiazot in the amount of 77 billion rubles and to Uralchem in the amount of 10 billion rubles.

In November 2021, at the initiative of Uralchem, an extraordinary meeting of shareholders was convened, following which the plant's management bodies came under the control of Uralchem: The Board of Directors was elected, which included five representatives of Uralchem and CEO Anatoly Shablinsky, who previously headed the enterprises that are part of Uralchem.{{Cite web|url=https://www.rbc.ru/business/27/11/2021/61a1cfc69a794753e45cccda?ysclid=lfs9zfjbnr858405179|title="Уралхим" получил контроль над советом директоров "Тольяттиазота" Перейдет ли завод в собственность Мазепина после 13 лет акционерного конфликта|language=ru|date=2021-11-27|publisher=rbc.ru}}

During 2022-2023, Himaktivinvest (Uralchem structure) increased its stake in Tolyattiazot through auctions.{{Cite web|url=https://expert.ru/expert/2022/08/sdelki-uralkhim-dokupil-kontrol-nad-tolyattiazotom/?ysclid=lfs7fmby3s39279563|title=Сделки: "Уралхим" докупил контроль над "Тольяттиазотом"|language=ru|date=2022-02-21|publisher=expert.ru}}{{Cite web|url=https://www.interfax.ru/business/851988|title="Тольяттиазот" после перехода под контроль "Уралхима" вернулся к проекту терминала в Тамани|language=ru|date=2022-07-13|publisher=interfax.ru}} As of February 2023, it owns 93.94% of the shares of Tolyattiazot together with its affiliates.{{Cite web|url=https://www.finam.ru/publications/item/struktura-uralkhima-napravila-predlozhenie-o-vykupe-bumag-tolyattiazota-20230208-1724/?ysclid=lfs8tfmvb7906291793|title=Структура "Уралхима" направила предложение о выкупе бумаг "ТольяттиАзота"|language=ru|date=2023-02-08|publisher=finam.ru}}

The company is running several philanthropic and charitable programs and activities to promote social welfare,{{Cite web|url=https://www.kirov.kp.ru/online/news/1610814/|title=УРАЛХИМ подарил школьные автобусы детским домам|last=правды»|first=Комсомольская правда {{!}} Сайт «Комсомольской|date=2013-12-13|website=KP.RU - сайт «Комсомольской правды»|language=ru|access-date=2019-11-07}} culture{{Cite web|url=https://www.artforte.lv/ru/projects/2012/valeriy-gergiev|title=Валерий Гергиев {{!}} Art Forte|website=www.artforte.lv|access-date=2019-11-07}} and education,{{Cite web|url=https://59.ru/text/gorod/62289151/|title="УРАЛХИМ" подарил "политеху" лабораторию|date=2012-09-19|website=59.ru|language=ru|access-date=2019-11-07}} including providing lab equipment to Perm Polytechnic and hosting concerts. To that end, the company stated that it had increased its financing of charitable projects by 34 percent to 710 million rubles ($11 million).{{Cite web|url=https://www.uralchem.com/press/news/URALCHEMIncreasedFinancingofCharitableProgrammesby34/?SECT=corporate_events|title=URALCHEM Increased Financing of Charitable Programmes by 34%|date=11 April 2017|website=Uralchem}}

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Category:Fertilizer companies of Russia

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