Committed to growth
EuroChem-2015-Annual-Report-v2
EuroChem-2015-Annual-Report-v2
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At a glance<br />
How we measure up<br />
A global leader<br />
EuroChem is a world-leading agrochemical<br />
company with low-cost natural resources and<br />
production bases. These are supported by<br />
wholly-owned logistics assets and a global<br />
advisory, sales and distribution network.<br />
Our ability <strong>to</strong> access lower cost raw materials<br />
and energy, combined with a vertically<br />
integrated business model provides us with<br />
distinct cost advantages over many of our<br />
competi<strong>to</strong>rs. Our significant investment<br />
in major potash reserves will reinforce<br />
our leadership position in global fertilizer<br />
production when they come on stream<br />
next year.<br />
As one of the fastest growing fertilizer majors,<br />
we aim <strong>to</strong> be a <strong>to</strong>p five producer by nutrient<br />
capacity by 2020.<br />
Who we are and what we do<br />
Our holding company – EuroChem Group<br />
AG – is based in Zug, Switzerland. It operates<br />
under Swiss law and financial regulations,<br />
whereas the Group’s operational functions<br />
fall under local jurisdictions.<br />
Strategic advantages<br />
• Access <strong>to</strong> low-cost, high-quality resources, including phosphate rock, hydrocarbons<br />
and potash.<br />
• Efficient, advanced production assets accessible <strong>to</strong> key markets.<br />
• Vertical integration enables control of raw materials, production, logistics and<br />
distribution, which deliver cost advantages, sec<strong>to</strong>r knowledge and economies of scale.<br />
• High quality products, with a growing emphasis on slow release and specialty grades<br />
in addition <strong>to</strong> our standard lines.<br />
• Global distribution network enables us <strong>to</strong> get the right product <strong>to</strong> the right place<br />
at the right time.<br />
• Investments in upstream supply (mainly potash and phosphate rock) provide<br />
a clear path for <strong>growth</strong>.<br />
2015 highlights<br />
We manufacture high quality nitrogen and<br />
phosphate fertilizers. Our range includes<br />
standard and commodity products as well<br />
as a growing slow-release and specialty<br />
offering. In 2017 we will commence potash<br />
operations <strong>to</strong> further enhance our portfolio<br />
of products.<br />
Our expanding international production<br />
base comprises assets in Russia, Lithuania,<br />
Kazakhstan and Belgium, as well as a joint<br />
venture in China, the world’s largest mineral<br />
fertilizer market. These assets have ready<br />
access <strong>to</strong> key markets through our logistics<br />
and distribution network that extends across<br />
25 countries. We employ more than<br />
23,400 people globally.<br />
Total sales (US$)<br />
4.5bn<br />
EBITDA increase (vs. 2014)<br />
4%<br />
EBITDA (US$)<br />
1.6bn<br />
EBITDA margin<br />
35%<br />
Lost time injury frequency<br />
rate (LTIFR)<br />
1.08<br />
Total products sold<br />
18 MMT<br />
EuroChem Annual Report and Accounts 2015 1