PSJC “CRYOGENMASH” stock of orders is completed with new “on-site” project

28.09.2015 PJSC “CRYOGENMASH” (in the name of its subsidiary production unit OOO “CryoGAS”) and JSC “UCC“URALKHIM”(one of the largest company on the mineral fertilizers market in RF, CIS and Europe) signed the contract about construction and commissioning of new air separation capacities on branch of “KTCC” in Kirovo-Tchepetsk, the Kirov region.
According to the contract, the branch of “KTCC” allocates to OOO “CryoGAS” the land parcel for 22 years, on which, at the Company’s expense, air separation plant is build. This plant provides the company with nitrogen.
The planned period of new production commissioning – September, 2017.
Branch Mananger of “KTCC”, Sergey Momtsemlidze noted: “Transfer of industrial gas supplying to outsourcing is a good opportunity not only for reducing expenses to support and repair of capital funds, but also for increasing reliability of providing enterprises by industrial gases, not with extra investments, but using new modern production. Outsourcing of nitrogen supplies allows ZMU to channel the funds for core business development”.
New air separation plant capacity by producing gaseous nitrogen is approximately 5 thousand cubic meters p.h.
It is planned to build new liquid nitrogen storage system, which can provide the production autonomously within 3 days in case of unexpected circumstances.
Director General of PJSC “CRYOGENMASH”, Michael Ispolov said: “Modern productions tend to pass industrial gases production to outsourcing. Such contracts gives to gases supplier the right to build his own air separation plant. The Buyer provides him with land parcel, engineering infrastructure and commits to buy definite volume of industrial gases. The contract with JSC “UCC“URALKHIM” is the seventh project for our enterprise, which suppose supplying the Buyers with industrial gases, based on outsourcing.
Besides PSJC “CRYOGENMASH”, there were the leaders of world market by supplying industrial gases for the trade, who completed in a tender - Air Liquide, Air Products, Linde, Praxair.
The execution of the contract allows to increase operational effectiveness of NH3 and fertilizers on the base of Kirovo-Tchepetsk and enhance leading positions of JSC “UCC“URALKHIM” on the nitrogen fertilizers market.

***Reported by JSC “UCC “URALKHIM” Press Service.

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