URALCHEM Partners with Riga Commercial Port to Build New Commercial Terminal

A partnership construction venture between URALCHEM Freight and SIA Rigas tirdzniecibas osta (RTO) – RIGA COMMERCIAL PORT, for the building of a terminal to handle and store fertilizers has received approval of Riga City Council on 26th July this year.

The total value of the project is estimated to be around $ 70 million. The first phase with a handling capacity of 2 million tons annually is expected to go on stream by the 3rd quarter of 2013.

URALCHEM Freight and RTO have contracted an accord in 2009 to construct the terminal. For the purpose of completing the project the two have launched Riga Fertilizer Terminal with 51% participation from URALCHEM holding and 49% by RTO. Presently the project’s design stage will be completed soon. The project construction work is anticipated to commence in September 2011. The proposed facility will remain spread over to around 12 ha of area in the Free Port of Riga.

The proposed terminal construction will be built with advanced engineering, to enable storing and transferring of fertilizer within the covered facilities to safeguard the environment and to protect the people live in Riga.

Dmitry Konyaev, URALCHEM, OJSC’s, CEO, said that the construction of the terminal has become one among the important projects of the company. He added that the company is planning to have its own transshipment installations on the Baltic Sea to achieve improved flexibility in fulfilling customer demands, to bring down the transport costs and to optimize logistics flows and above all to improve the position of the company in the global market.

Source: http://www.uralchem.com/

Joel Scanlon

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Joel Scanlon

Joel, originally from the UK, emigrated to Australia in 1995 and spent 5 years working in the mining industry as an exploration Geo-technician where he developed skills in GIS Mapping and CAD. Joel also spent a year working underground in a gold/copper mine. Upon moving to the North Coast of NSW, Australia Joel worked as a graphic designer for a leading consultancy firm before starting a successful business providing graphic and web design services to local businesses on the eastern seaboard of Australia. Joel is skilled in project management, web programming, design, animation, database and networking, software and editing. Joel has been with AZoNetwork since its inception in 2000.

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