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Economy 01/03/2013 Maxam-Chirchiq produces goods for 327.4bn soums in 2012
Maxam-Chirchiq produces goods for 327.4bn soums in 2012
Tashkent, Uzbekistan (UzDaily.com) -- Maxam-Chirchiq open joint stock company produced goods for 327.4 billion soums in current prices in 2012. The forecast for 2012 was fulfilled with 12.2% surplus.

According to the company, Maxam-Chirchiq in 2012 produced 511,260 tonnes of synthetic ammonia (+14.4% year-on-year), 296,269 tonnes of nitric mineral fertilizers (+6%), and 479,670 tonnes of ammonium nitrate.

Production of carbamide grew by 5% year-on-year in 2012 up to 197,187 tonnes, sulphate ammonia – by 31.8% to 190,803 tonnes and non-concentrated nitric acid – by 8.3% to 477,414 tonnes.

Maxam-Chirchiq also manufactured consumer goods for 27.769 billion soums in 2012, which grew by 20.7% year-on-year.

Last year, the enterprise exported products for over US$76.681 million against forecast volume of US$70.525 million.

In particular, Maxam-Chirchiq exported 105,146 tonnes of ammonium nitrate for US$26.94 million, carbamide – 95,308 tonnes for US$33.66 million and sulphate ammonium – 9,869 tonnes for US$1.46 million tonnes in 2012.

The company also shipped 19,224 tonnes of porous nitre for US$5.81 million, 17,721 tonnes of ammonia for US$5.85 million. Exports of other goods made up US$2.95 million.

Maxam-Chirchiq OJSC, former Elektrohimprom, was commissioned in 1940 and specializes on production of ammonia, ammonium nitrate, and carbamide. MaxamCorp S.A.U. purchased 49% stake at Elektrohimprom for US$22 million in 2007. The company undertook obligation to invest US$55 million in next five years.

Maxam-Chirchiq is a leading chemical enterprise in Uzbekistan, which produces 30 types of goods. The company realizes its products in internal market and exports to the countries of the CIS, European Union, USA, Latin America, and Australia.

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