Uralchem
Russian producer and international supplier of nitrogen, phosphate and compound fertilizers and related chemical products.
Last updated August 26, 2026
AI crawler reads
No AI crawler has read this profile since Oct 28, 2026.
Overview
Uralchem Group is a Russian chemical and fertilizer manufacturer established in 2007 by businessman Dmitry Mazepin. The group was formed by combining controlling interests in major chemical enterprises, including Kirovo-Chepetsk Chemical Works and Azot, into a unified industrial structure. Its portfolio centers on nitrogen fertilizers and other nitrogen chemicals, but also includes phosphate and compound fertilizers and related chemical products. The company describes itself as one of Russia's largest fertilizer producers. It has particularly strong positions in ammonium nitrate and ammonia, while also producing urea and complex fertilizers. Its products are sold in Russia and exported to markets across the Commonwealth of Independent States, Eastern Europe, Asia, Africa and Latin America. Company-reported annual capacities cited in reference material include approximately 3 million tonnes of ammonia and ammonium nitrate combined, 1.2 million tonnes of urea, and 1 million tonnes of phosphate and complex fertilizers. These figures are production capacities rather than reported sales and should not be treated as current financial results. Uralchem expanded through acquisitions and minority investments during the late 2000s and 2010s. It acquired control of Voskresensk Mineral Fertilizers, built its position in Perm Mineral Fertilizers, and took a minority stake in Togliattiazot. In 2013 it also acquired 20% of Uralkali, a major potash producer, and developed fertilizer-handling infrastructure in Latvia through the Riga Fertilizer Terminal and the Ventamonjaks liquid-ammonia transshipment terminal. The group has subsequently pursued international logistics and market-development initiatives, including discussions and cooperation connected with fertilizer supply in Africa. Uralchem considered an initial public offering in London in 2010, intending to sell up to 40% of its shares and raise funds partly for acquisition-related debt service. The proposed flotation was placed on hold because of market conditions and investor concerns about external factors. The group has remained privately controlled rather than becoming a publicly traded company. Ownership and governance changed during the geopolitical and regulatory developments surrounding Russia's invasion of Ukraine. Mazepin stepped down from management in 2022 while reportedly retaining a substantial ownership interest. Uralchem has also been involved in a prolonged corporate dispute with shareholders and managers of Togliattiazot, centered on alleged export-pricing practices, access to corporate information and minority-shareholder rights. Russian proceedings resulted in convictions in absentia of several former Togliattiazot executives and associated parties, although the defendants and related parties have disputed aspects of the allegations and proceedings. The group combines commodity-scale manufacturing with logistics, trading and infrastructure interests. Its positioning is based on supplying essential agricultural inputs at industrial volume, with an emphasis on nitrogen fertilizers, fertilizer intermediates and international distribution. Uralchem also reports charitable and educational activities, including support for technical education, laboratories, culture and social programs. The available reference material does not establish a current consolidated revenue figure, a current employee count or a single official consumer-facing website URL.
History
Uralchem was established in 2007 by Dmitry Mazepin as a consolidated Russian chemical and fertilizer group. According to company descriptions summarized in reference material, the enterprise was created after controlling interests in Kirovo-Chepetsk Chemical Works and Azot were brought together. The founding structure gave Uralchem a base in nitrogen chemistry and fertilizer manufacturing. The group pursued an acquisition-led expansion. In 2008 it acquired 71.1% of Voskresensk Mineral Fertilizers and purchased 7.5% of Togliattiazot. The Voskresensk holding was later increased to 100% in 2011. Uralchem also acquired 44.3% of Perm Mineral Fertilizers in 2009 and eventually raised that holding to full ownership in 2017. These transactions expanded the group's production footprint across important Russian fertilizer-producing regions. In 2010 Uralchem announced a possible London initial public offering of up to 40% of its shares. The proposed transaction was intended to raise capital, including for servicing acquisition-related debt, but was postponed later that year because market conditions were considered unfavorable and investors were concerned about external factors. The company did not complete the listing and remained privately controlled. Uralchem broadened its fertilizer interests in 2013 by purchasing 20% of Uralkali, a leading potash producer. It also expanded logistics infrastructure outside Russia. Together with Riga Commercial Port, it completed the Riga Fertilizer Terminal in Latvia in 2013, a facility designed for bulk fertilizer handling and short-term storage. In 2014 Uralchem acquired a controlling stake in Ventamonjaks, a Latvian liquid-ammonia transshipment terminal. These assets supported the group's export and distribution activities, although ownership and transaction arrangements concerning the Latvian facilities later became subject to regulatory complications. A major part of Uralchem's corporate history concerns its relationship with Togliattiazot. After taking a minority stake, Uralchem repeatedly criticized the company's alleged lack of transparency and reported difficulties obtaining corporate records and information. Uralchem and other reporting described allegations that Togliattiazot products had been sold internationally through an affiliated trading structure at prices below market levels, allegedly harming minority shareholders. Russian authorities investigated the matter, assets were frozen, and a Russian court later convicted several defendants in absentia and ordered damages. These events were contested and involved parties located in multiple jurisdictions. In November 2021, an extraordinary meeting of Togliattiazot shareholders resulted in the election of a board that included five Uralchem representatives. During 2022 and 2023, a Uralchem-related entity increased its stake through auctions; reference material states that the combined holding with affiliates reached 93.94% by February 2023. In 2023 Uralchem completed the merger-based reorganization of Voskresensk Mineral Fertilizers with UCC Uralchem. Ownership and management arrangements changed in 2022, when Mazepin left Uralchem's management and reportedly reduced or retained his interest at 48%, while Dmitry Konyaev served as general director and Dmitry Tatyanin chaired the board. The group has also sought to develop African fertilizer markets, including reported interest in Zimbabwe's Chemplex and proposed cooperation or production plans connected with Zambia and Angola. Uralchem supports charitable, cultural and educational initiatives, including technical laboratory support and other social programs. Its core business remains the production and international distribution of nitrogen, phosphate and compound fertilizers and related chemicals.
- 2023
Voskresensk reorganization
[1]Voskresensk Mineral Fertilizers is merged into UCC Uralchem.
- 2021
Uralchem gains control of Togliattiazot
[1]A shareholder meeting results in a Togliattiazot board containing five Uralchem representatives.
- 2017
Perm Mineral Fertilizers becomes wholly owned
[1]Uralchem raises its ownership of Perm Mineral Fertilizers to 100%.
- 2014
Ventamonjaks investment
[1]Uralchem acquires a controlling interest in Latvia's liquid-ammonia transshipment terminal Ventamonjaks.
- 2013
Uralkali investment and Riga terminal
[1]The group acquires 20% of Uralkali and opens the Riga Fertilizer Terminal in Latvia.
- 2011
Full ownership of Voskresensk Mineral Fertilizers
[1]Uralchem completes the acquisition of all shares in Voskresensk Mineral Fertilizers.
- 2008
Expansion into Voskresensk and Togliattiazot
[1]Uralchem acquires a controlling stake in Voskresensk Mineral Fertilizers and takes a minority stake in Togliattiazot.
- 2007
Uralchem is founded
[1]Dmitry Mazepin establishes Uralchem as a consolidated Russian chemical and fertilizer group.
Products and positioning
A large Russian industrial fertilizer and chemical producer serving domestic and international agricultural markets.
Nitrogen fertilizer
Ammonium nitrate
A major Uralchem product and an important nitrogen fertilizer used in agriculture. Reference material identifies Uralchem as Russia's largest ammonium-nitrate producer. The group reports large combined capacity for ammonia and ammonium nitrate, although the cited figure is a capacity estimate rather than current sales.
Industrial chemical and fertilizer intermediate
Ammonia
Ammonia is both an industrial chemical and a key feedstock for nitrogen fertilizers. Uralchem is described as one of Russia's largest ammonia producers, with ammonia manufacturing integrated into its broader nitrogen-fertilizer operations.
Nitrogen fertilizer
Urea
Urea is a concentrated nitrogen fertilizer supplied for agricultural use. Uralchem's cited company capacity is approximately 1.2 million tonnes annually. The group distributes urea through domestic and export channels serving agricultural markets in several regions.
Complex fertilizer
Phosphate and compound fertilizers
This portfolio includes phosphate-based and compound fertilizers that combine multiple plant nutrients. These products broaden Uralchem beyond stand-alone nitrogen fertilizers and are intended for different crop, soil and application requirements. Reference material cites approximately 1 million tonnes of annual capacity for phosphate and complex fertilizers.
Controversies
2019
Togliattiazot export-pricing and governance dispute
Uralchem accused Togliattiazot's controlling shareholders and related trading parties of using below-market export transactions that allegedly harmed minority shareholders. Russian proceedings led to convictions in absentia of several former executives and associated parties, as well as orders for damages. The dispute also concerned Uralchem's reported difficulty obtaining corporate information and access to management records.
Marketing campaigns
- Educational and charitable programs
Russia
Uralchem supports social welfare, culture and education projects, including laboratory equipment for Perm Polytechnic and cultural events. The company has described these activities as part of its broader charitable and community-support program.
Outcome. Reference material reports expanded funding for charitable projects, but does not provide a consistently verifiable current budget.
Brand decisions
2023
Merge Voskresensk Mineral Fertilizers into UCC UralchemM&ABackground
Uralchem reorganized its fertilizer-production structure after owning Voskresensk Mineral Fertilizers outright.
Action taken
The company completed a merger-based reorganization of Voskresensk Mineral Fertilizers with UCC Uralchem.
Aftermath
The transaction simplified the group's corporate structure, although detailed operational effects are not specified in the reference material.
2021
Take control of Togliattiazot governanceStrategyBackground
Uralchem had engaged in a long-running dispute with Togliattiazot's management and majority shareholders over transparency, access to records and alleged export-pricing losses.
Action taken
An extraordinary shareholder meeting elected a board containing five Uralchem representatives.
Aftermath
Uralchem subsequently increased its economic position through an affiliated structure; reference material reports a 93.94% combined holding by February 2023.
2013
Acquire 20% of UralkaliM&ABackground
Uralchem sought to expand from nitrogen fertilizers into the potash segment through an investment in a major fertilizer producer.
Action taken
The group acquired a 20% stake in Uralkali. No official transaction price is given in the reference material.
Aftermath
The transaction broadened Uralchem's exposure to the global fertilizer industry.
2010
Suspend proposed London IPOStrategyBackground
Uralchem had announced a plan to sell up to 40% of its shares and raise capital partly to service acquisition-related debt.
Action taken
The company placed the proposed flotation on hold because of unfavorable market conditions and investor concerns about external factors.
Aftermath
Uralchem remained privately controlled and did not become a listed company through the proposed transaction.
Recent events
- 2023
Uralchem completes Voskresensk Mineral Fertilizers reorganization[1]
M&A · Other
Voskresensk Mineral Fertilizers was reorganized through a merger with UCC Uralchem.
- 2022
Dmitry Mazepin leaves Uralchem management[1]
Leadership change
Mazepin stepped down from management while retaining a reported 48% ownership interest.
- 2021
Uralchem gains control of Togliattiazot[1]
Leadership change · Other
Following an extraordinary shareholder meeting initiated by Uralchem, the governing bodies of Togliattiazot came under Uralchem's control.
- 2013
Uralchem acquires a stake in Uralkali[1]
M&A
Uralchem acquired 20% of Uralkali, a major potash fertilizer producer.
- 2010
Uralchem announces a London listing plan[1]
Other
The company announced plans to float as much as 40% of its shares on the London Stock Exchange, partly to address debt associated with acquisitions.
- 2010
Proposed Uralchem IPO put on hold[1]
Other
The proposed flotation was suspended amid unfavorable market conditions and investor concerns about external factors.
Sources1 sources
Cite this profile: Cite the canonical profile. /brand-wiki/uralchem · Editorial policy · How profiles are compiled