Silvinit, Uralkali 2010 Outputs Reached All-Time Highs
January 18 2011 - 9:27AM
Dow Jones News
Russian fertilizer producers OAO Silvinit (SILV.RS) and Uralkali
(URKA.RS), which are in a process of a merger to create one of the
largest global potash producers, said Tuesday their 2010 output
reached "the all-time pre-recessionary highs."
MAIN FACTS:
-Uralkali 2010 potash output up 1.9 times to 5.1 million metric
tons.
-Silvinit 2010 potash output up 1.5 times to 5.2 million
tons.
-Silvinit Chief Executive Vladislav Baumgertner expects the
global potash market to grow up to 55-60 million tons in 2011.
-Baumgertner said potash consumption will remain mostly
concentrated in China, India, Brazil and Southeast Asia.
-By Alexander Kolyandr, Dow Jones Newswires; +7 495 232 9192;
Alexander.Kolyandr@dowjones.com