EuroChem

Our vertically integrated business and access to lower cost raw materials and energy provides distinct cost advantages over many of our competitors. Our investments in major potash reserves will place us at the forefront of global fertilizer production when they come on stream. EuroChem is a vertically integrated agrochemical company, combining low-cost natural resources and production bases supported by wholly-owned logistics assets and a global advisory, sales and distribution platform. We currently manufacture nitrogen and phosphate fertilizers and will soon launch potash operations to further enhance our product mix. Our range is of high-quality and includes standard and commodity products as well as a growing slow release and specialty fertilizer product offering, on which there is greater emphasis. Our production base is becoming more international, with assets in Russia, Lithuania, Kazakhstan and Belgium, plus a joint venture in China. These assets have ready access to key markets through our logistics and distribution network that currently covers more than 25 countries.