Severodonetsk Azot (Ukraine) increased its production output by 5.5% in the first half-year of 2006

Severodonetsk Azot JSC increased its production output by 5.5%  in the first half-year  of 2006, that equals up to USD198m, as  IBE Trade Corporation (main shareholder of this Ukrainian company).

The production of ammonia  increased by 1.6%, up to 505,660 tonnes, ammonium nitrate - by 13.4% up to 272,550 tonnes. The sales of commodity products   also grew due to a  rise in carbamide production output ( by 4,2% or 190,560 tonnes); vinyl acetate (by 28.8% or 15,350 tonnes), methanol ( by 4.4% or 99,830 tonnes).

On the other hand, the  decrease in demand caused almost a 50% reduction of amonnia carbonate and about 25% reduction of formalin  turnout  from January till June.

Severodonetsk Azot JSC is one of top-three Ukrainian enterprises.
It was established as a result of  Worldwide Chemical LLC, affiliate of IBE Trade (both from the USA), winning a tender. The tender was to select an investor-co-founder for Azot JSC  as a part of its sanation programme. Worldwide Chemical owns 60% stock of the company, while State Propety Fund obtains a 40% stake.  

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