FESCO and Uralkhim to Study Cooperation Potential in the Field of Mineral Fertilizers’ Transportation

06 June 2019

FESCO Transportation Group (“FESCO”) and Uralkhim OKhK AO will study cooperation potential in the field of mineral fertilizers’ transportation by railway and via regular sea lines. The relevant agreement on intentions was signed by Sergey Momtsemlidze, Director General, Uralkhim OKhK, and Alexander Isurin, President, FESCO Transportation Group, at Saint Petersburg International Economic Forum.

FESCO and Uralkhim to Study  Cooperation Potential in the Field of Mineral Fertilizers’ Transportation

The agreement provides for mutually beneficial cooperation related to transportation of mineral fertilizers and industrial chemical products from Russia to other countries and from abroad to Russia. The agreement also envisages wider use of containers for finished products’ shipment at Uralkhim OKhK AO production facilities. The document is in line with long-term objectives for development of non-mineral export from Russia and transportation via international transport corridors.

Speaking of the agreement signing Sergey Momtsemlidze said: “FESCO Transportation Group has accumulated experience in successful implementation of industrial and infrastructure logistic projects. Uralkhim in its turn is interested in optimizing logistic processes at our production facilities through wider use of containers and introduction of multimodal transportation models. Cooperation with FESCO in these areas will bring benefits to both parties”.

Alexander Isurin noted: “We are interested in expansion of cooperation with major customers. We can guarantee provision of reliable and quality services to such clients as FESCO personnel is highly competent and the company operates its own assets throughout the intermodal logistic chain. I am positive that this agreement on intentions we concluded today will form a basis for future bilateral mutually beneficial contracts”.