Ernst & Young have given a positive report on URALCHEM's JointService Centre
The Russian division of British auditing company Ernst & Young has conducted anaudit of URALCHEM's new branch, the Joint Service Centre (JSC).
Moscow, Russia (August 27, 2013)
-- The Russian division of British auditing companyErnst & Young has conducted an audit of URALCHEM's new branch, the Joint ServiceCentre (JSC).The JSC was established in Perm in early 2013 to unify and optimize the accountingbusiness processes of URALCHEM's different units within a single multifunction centre.The centre is responsible for data processing and preparation of financial statementsaccording to Russian and international standards, tax accounting, treasury operations. Italso has been given the task of setting up and maintaining a unified information andtelephone systems for the company.On 1 February, 2013, the Centre started providing services for the company's branch inPerm. On 1 May 2013 services were started for URALCHEM's Berezniki branch. Thesewere audited by Ernst & Young specialists. The auditors examined the mechanisms of remote operations, the quality of the whole suite of services identification of duplication of functions as well as the efficiency of the centre staff and the cost of its operations. After audit, the results of the second quarter of 2013 showed that the JSC met all performancetargets and all the tasks are performed at a good level.The plans for the next two years include a trebling of the centre's staff, from one hundredto three hundred people. From 1 October this year the centre will start providing servicesfor "Power supply utility of Kirovo-Chepetsk Chemical Plant" and for "Repair andEngineering Works of Kirovo-Chepetsk Chemical Plant". Form the beginning of 2014 thecentre will roll out services for the plant in Kirovo-Chepetsk.
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URALCHEM, OJSC is one of the largest producers of nitrogen and phosphatefertilisers in Russia and the CIS with production capacities of over 2.5 milliontonnes of ammonium nitrate, 2.8 million tonnes of ammonia, 0.8 million tonnes of