JSC VTB Bank entered into a RUB 5.7 bln loan agreement with JSC Uralkali, a global leader in potash fertilizer production. The loan facilities are offered for a year to finance current business activities.
United company Uralkali was established in 2011 by consolidating JSC Silvinit and JSC Uralkali. Presently, the company is becoming a top priority partner of JSC VTB Bank.
JSC Uralkali is a vertically integrated company holding under control a complete production chain – from potash ore mining to potassium chloride suppliers to end users. The company has manufacturing facilities in Bereznyaki and Solikamsk (Perm Region) on the territory of Verhnekamsk deposits of potassium and magnesium salts, ranked 2nd in the world in terms of oil reserves. JSC Uralkali is a global leader in potash fertilizer production with a market share of about 20%.