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Thursday, 04.06.2026, 11:43
Nitrofert to become distributor for Ostchem
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On Aug. 4 this year
the parent company of Nitrofert, Ostchem
Resources Limited, made a non-cash payment into the registered capital
of Nitrofert in the form of a stake
in Dynapol Trading B.V. As a result,
the stock capital of Nitrofert grew
by 118.9 mln euros and Dynapol Trading B.V.
became full owner of Nitrofert. The
new business name of Dynapol Trading B.V.
is Nitrofert Trading B.V.
"As
a result of the continued decline in the world market prices for our products,
such as ammonia, carbamide and so forth, it is not possible to restart
operations at our company in the near future because it would not be
economically feasible," told Nitrofert General Director Aleksei
Nikolajev.
He added
that as a result, business in Ostchem
Group is being reprofiled.
Nitrofert Trading B.V. is to engage in the distribution and sale of products
of companies of the group and other manufacturers. "The company is
targeting consumers in the Benelux countries and France," Nikolajev said.
Nitrofert
discontinued operations and conserved all 51 buildings in its territory in the
second half of last year. Nitrofert has
not yet filed its annual report for 2015. In 2014, when the plant was in
a standby mode, the company earned a profit of 25.7 mln euros on sales of
142,000 euros. The company said the profit was the result of a supplier
abandoning its claim on Nitrofert.
The company finished 2013 with a
loss of 11.8 mln euros.
Nitrofert is part of the Ostchem Holding group that consolidates
chemical assets of Group DF associated with the Ukrainian tycoon Dmitry Firtash.
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