Volgafert

History

2024: Kuibyshevazot buys its stake in Volgafert from Italian Tecnimont

In early December 2024, Kuibyshevazot PJSC increased its stake in Volgafert LLC from 68% to 100% after buying back 32% of shares from the Italian company MET DEV 1 S.r.l., part of the Maire Tecnimont S.p.A. The joint venture was established in 2017 to build a granular urea production facility.

According to Interfax, in November 2019, Kuibyshevazot pledged a 68% stake in Volgafort in Unicredit to secure a loan for the project. Initial investments were estimated at €160 million.

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Фото: Freepik

Acting Minister of Economic Development and Investments of the Samara Region Dmitry Bogdanov said that the production complex in Togliatti is one of the largest investment projects in the status of a resident of the Tolyatti TOP. The total investment amounted to ₽23,4 billion.

The production of granulated urea, launched in 2024, has a capacity of 1.5 thousand tons of products per day. The company is one of the leading facilities of the Russian chemical industry and provides a significant share of the domestic market for nitrogen fertilizers.

According to the list of affiliates for the first half of 2024, Kuibyshevazot CEO Alexander Gerasimenko and his family members own more than 5% of the company's shares directly. They also own shares in Kuibyshevazot-Plus LLC, which owns 36.292% of the company's shares.

Kuibyshevazot specializes in the production of a wide range of chemical products, including caprolactam, polyamide, high-strength technical and textile threads, cord fabric, engineering plastics, ammonia, nitrogen fertilizers and industrial gases. The company is one of the key suppliers of raw materials for the textile, automotive and agricultural industries of Russia.^[1]

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