Connect with us

BUSINESS

Togliattiazot – Top 2021 Euroasia ammonia producer

Published

on

Togliattiazot – Top 2021 Euroasia ammonia producer

About Togliattiazot Company

Togliattiazot (PJSC TOAZ) is a Public Joint-Stock Company, one of the largest ammonia producers in Russia and the world. The company can boast the capacity of more than 3 million tonnes of ammonia per year, which makes it the third top producer of this substance in the world. TOAZ also produces urea-formaldehyde concentrate and a number of other chemicals that are сonsumed on five continents. Togliattiazot belongs to one of Samara Region’s largest employers and taxpayers, and, based on Forbes, RBC, and Expert magazines, ranks among major companies in Russia. In 2019, TOAZ celebrated its 40th anniversary: it started operation on 7 April 1979. More details on Togliattiazot can be found on www.toaz.ru and social media.

Achievements of the Togliattiazot Company in 2020

On 13 February 2020 Togliattiazot (PJSC TOAZ) reported its achievements in 2019. The largest ammonia producer of Russia announced the production of the highest output of ammonia during its 40-year history, as well as the biggest amount of urea over the past 12 years. In 2019, TOAZ produced 3.019 million tons of ammonia (compared to 2.754 million tons in 2018). The production of urea was increased by almost 19%, which is 784.6 thousand tons (compared to 659 thousand tons in 2018). That’s the highest figure recorded over the past twelve years. Besides, Togliattiazot produced 45,034 tons of urea-formaldehyde concentrate (UFC) last year. That’s another important product of the company.

These achievements are the direct results of a large-scale investment program that was specially created to upgrade the company’s existing production capacities, as well as to create new ones. Since 2012, when the program was initiated, Togliattiazot has invested over 47.5 billion rubles (US$ 746 million as of Feb. 13, 2020) to improve the production process. During this time, TOAZ has managed to increase the production of their major products.

According to the General Director of CJSC Corporation Togliattiazot, Dmitry Mezheedov, high production results in 2019 were achieved due to the introduction of the strategic program for the development of capacities, which also helped the company to stay the leader in the market. In 2020, TOAZ works upon the construction of the urea production unit N3, re-equipment, and modernization of its technical units to guarantee their uninterrupted functioning. The board of directors intends to achieve one more goal – to increase the production of ammonia to 4.15 million tons. Dmitry Mezheedov is sure that TOAZ will manage to do it while retaining its leadership positions in the country and competing with other ammonia producers in the world. 

In 2019, Togliattiazot completed technical re-equipment of ammonia production unit No. 3 stabilizing the operation of equipment and decreasing the consumption of natural gas during the manufacturing process. Overhaul works were performed on ammonia production units No. 2 and 5, as well as the two carbamide production units.

Togliattiazot Strategy till 2025

On December 23, 2019, the Board of Directors of the company has approved a new strategy of operation till 2025. According to the strategy document, the company intends to become a leader in the production of nitrogen fertilizers in the country and one of the largest producers in the world. To achieve this goal, Togliattiazot plans to increase ammonia output by about 40% (to 4.15 M tons per annum (tpa)), urea production – by at least 2.5 times (to 2.53 M tpa)) and EBITDA – by 3.3 times. The management and members of the Board highlighted that the mission of PJSC TOAZ is based on maintaining crop yield and land fertility to benefit the planet.

According to the new strategy of the company, Togliattiazot has defined strategic initiatives to achieve the set vision. They contain three blocks: increasing commercial efficiency, improving operational efficiency, and production site development. To increase commercial efficiency, PJSC TOAZ plans to improve commercial terms for the major products with important buyers. The operational efficiency can be improved by aligning the repairs function with the high-rate practices in terms of the duration and frequency of turnaround maintenance, reducing gas consumption, and increasing labor efficiency. Production site development involves the construction of ammonium nitrate and carbamide-ammonia mixture unit as well as the urea plant No. 4. This will allow adding new products to Togliattiazot’s portfolio. The company also plans to improve the productivity of ammonia production units and to complete the construction of the fertilizers’ transshipment terminal in Taman.

PJSC TOAZ expects the number of investments to reach RUB 112 billion (about US$ 1.8 bn as of Dec. 23rd, 2019). The funds will be used for the increase in production volumes and the development of production capacities. According to the PJSC TOAZ Chairman of the Board, Petr Ordzhonikidze, the strategy adopted till 2025 demonstrates the leadership aspirations and an ambitious vision of the Togliattiazot team – https://togliattiazot.care/. Nevertheless, they believe that the set goals can be realized, especially taking into account the amount of work done over the past seven years. According to the strategic modernization program, over RUB 33 billion has been invested in the development of the production facilities of Togliattiazot. Other steps depicted in the new strategy include product portfolio expansion, product development,  and improving marketing. Petr Ordzhonikidze is sure that the products of TOAZ need to become “a synonym of efficient agriculture all over the world”.

Сharitable and Social Activities 

TOAZ is located in Togliatti city, so it has become an employer for thousands of people. The company has made it a priority to take care of their city in all spheres of life – material, social and cultural. The company actively invests finances into the development of the city and the region providing sponsorship and charitable help in such areas as education, culture, sport, and ecology. Togliattiazot also helps those in need.

Culture

The company has constructed the Togliattiazot Palace of Culture that has become the largest city leisure center. It holds major cultural, educational, and sports events. “Impulse” is a scholarship program for young talented people. It was implemented along with the Togliatti Philharmonic and the charity fund “Not Indifferent”. “Togliattiazot” recreation center created by TOAZ holds concerts by famous Russian singers. The company regularly organizes video contests, photo contests, sports competitions, excursions, festivals, and exhibitions.

Education 

The company has created the intellectual club “Chemistry of the Word” in 2017. It now functions as an open city lecture hall allowing Togliatti people to visit science lectures by famous Russian psychologists, journalists, scientists, and artists. The club is open from September to May and provides lectures twice a month. 

The program “Chemistry of experience” is meant for those who are more than fifty years old. It intends to improve and develop the skills of these people. There’s a program designed to help Togliatti educational institutions in terms of environmental protection and career guidance. At present, the company helps Togliatti State University (TSU)and sponsored schools. TOAZ also offers a series of lectures and performances about Russian classical literature and has an educational site Arzamas. 

Sport

TOAZ works hard to develop amateur sports and to promote the priorities of a healthy lifestyle. The enterprise has created teams in basketball, tennis, hockey, volleyball, futsal. The company also holds multi-sport race competitions. Every year, one can attend a bike ride that is held from the production site to the Palace of Culture in the Komsomolsky District. Togliattiazot employees take part in amateur leagues, city tournaments, city and interregional competitions,  and industry competitions. The enterprise supports the Samara Region Basketball Federation and intends to devel this sport in the region. The Togliattiazot Samara Region Championship, a regional tournament among amateur teams, is held under the patronage of TOAZ. 

Every spring a vital regional tournament known as the TOAZ 3×3 street basketball cup is held in Togliatti. it’s getting more and more popular among local people. The company also sponsors the Samara Open basketball tournament attended by over 200 teams from the whole country.

Ecology

PAO TOAZ prioritizes environmental care; thus, the company contributes substantial finances to environmental programs. It initiates many environmental actions, namely actions directed to reproduce biological resources, garden the territory, plant forest seedlings in Tolyatti, collect waste paper, organize annual community eco-rides and workdays, as well as to support the unique Samarskaya Luka National Park.

Assistance for those in need

TOAZ PJSC is a city-forming enterprise, so it supports categories of people in need. The major principles of support are based on efficiency, targeting, and transparency. Special attention is paid to the long-term programs with wide coverage, such as providing new equipment to medical facilities, improvement of public and social institutions of Togliatti, help to veterans and disabled children, grant program for families who have adopted children.

The “Chemistry of Kindness” program was implemented with the goal of developing social and cultural initiatives meant to solve the vital problems of the region; supporting the social environment and involving the maximum number of stakeholders to improve the cultural and social environment. TOAZ PJSC has constructed the Palace of Culture “Togliattiazot” that has become the platform for holding regional festivals, city festive events, and mass charity events. The educational project “Chemistry of the Word” is held in the format of an open lecture. 

The educational program “Chemistry of Experience” was initiated by the enterprise with the goal of improving the qualifications of those of pre-retirement age. “Impulse” is a scholarship program designed to develop the cultural potential of the city – young musicians, gifted children, and musical groups. The contest “Chemistry of Kindness” is meant to provide grants for the realization of cultural and social projects.

According to the Grant Program for Adopters of Disabled Children, TogliattiAzot allocates funds to families who have adopted orphans; children without parental care, children with disabilities, and children who were in orphanages at the time of adoption. TOAZ started the initiative of supporting families with disabled children in 2014.

Source – https://london-post.co.uk/togliattiazot-history-strategy-culture-and-sport/

Advertisement

BUSINESS

How NZ post bags make parcel packing a breeze

Published

on

How NZ post bags make parcel packing a breeze

If you’re like most people, you hate having to pack your parcels. You probably spend hours trying to get everything just right, and then the last thing you want to do is carry them all around. But that’s where post bags come in handy. They make parcel packing a breeze, and there are a lot of different styles available to suit your needs. Whether you need a large bag that can hold a lot of items or something more compact, NZ post bags are the perfect option. So why not give them a try next time you have to pack a parcel?

How NZ post bags make parcel packing a breeze:

NZ post bags have revolutionized parcel packing for New Zealanders. They are made from durable and lightweight materials, making them easy to transport and store.

1. NZ post bags are made from durable and lightweight materials, making them easy to transport and store.

2. They are perfect for smaller parcels, as they are well-ventilated and dividable.

3. NZ post bags come in a variety of sizes, so you can find the perfect one for your needs.

4. The zippered closure ensures that your parcels are secure while being transported.

5. NZ post bags are easy to clean and maintain, making them a great option for everyone.

Benefits of using NZ post bags:

There are many benefits to using NZ post bags when mailing packages. Firstly, they are small and lightweight, so they are easy to transport. Secondly, they are made from high-quality materials that will not tear or fray easily. Lastly, NZ post bags come with a discreet stamp that guarantees delivery in time for the recipient’s needs.

Why NZ post bags are popular in New Zealand?

NZ post bags have become popular in New Zealand for a few reasons. Firstly, they are environmentally friendly as they can be reused multiple times. Secondly, they are affordable and last long. Thirdly, they are sturdy and durable making them perfect for everyday use. Finally, they come in a variety of colors and styles to suit everyone’s needs.

Final Words

NZ post bags are the perfect option for sending parcels and letters all over the country. With a variety of sizes, colors, and designs to choose from, there is sure to be one that fits your needs. So if you’re looking for a reliable and affordable mail system, look no further than NZ post bag!

Continue Reading

BUSINESS

8 Facts About Cryptocurrency That’ll Surprise You

Published

on

8 Facts About Cryptocurrency That'll Surprise You

Over 3.2% of Canadians now own Bitcoin. It has grown from a niche topic at dinner parties to a serious option for investing your hard-earned cash. 

But before you get involved with crypto, you must understand some of the facts about these currencies and the crypto technology that underpins it all. 

As a starting point, here are eight fascinating facts about cryptocurrency.  

1. Cryptocurrency Started 14 Years Ago

In 2008 as a reaction to the banking crash of that year, a mystery person named Satoshi Nakamoto launched the first cryptocurrency. The first currency is still the most famous one: Bitcoin. 

2. There Are Over 10,000 Cryptocurrencies on the Market

Most people, when pressed, can probably and a handful of cryptocurrencies. But did you know that over 10,000 types of cryptocurrency are on the market?

The biggest lesson from this is to do your research when investing if you aren’t familiar with the name of the cryptocurrency. 

3. There Are Now Cryptocurrency ATMs

Did you know that there are thousands of special ATMs for cryptocurrencies?

However, unlike a normal ATM where you withdraw cash, these ATMs allow you to buy Bitcoins directly using your bank debit card. Or you can use a protocol such as The Graph. Here’s more information on how to buy Graph

4. A Cryptocurrency Might Be a Unicorn

No, we aren’t referring to those magical horse-like creatures with horns.

A unicorn is a financial term for private startups valued at over $1 billion. Some cryptocurrencies have reached this magic number, so you might hear them referred to as unicorns. 

5. Vietnam Uses Crypto More Than Any Other Country

It might surprise you that the US and China don’t rank highest in cryptocurrency transactions.

That award goes to Vietnam. The Vietnamese have one of the most positive attitudes to crypto. Predominantly, the younger generation invests heavily in new crypto markets. 

6. There Are Only 21,000,000 Bitcoins

The investor of Bitcoin wanted to create a currency that would have a finite number of coins floating around the market.

So there are only 21,000,000 Bitcoins in existence, and each one requires computer power to mine. Although only 10% is left to mine, that could take until 2140! 

7. Scammers May Steal Your Computer Processing Power

Most of us assume that cryptocurrency scammers would target your Crypto wallet. However, that’s not what happens to most victims.

Scammers tend to add malicious code to your computer and use that to mine Bitcoin. That’s known as Cryptojacking. Always make sure your computer’s security is up to date! 

8. Cryptocurrency Is Highly Volatile

Some people have made millions from crypto, so it’s a tempting prospect for any investor.

However, cryptocurrency’s price is highly volatile, which means it’s one of the most high-risk ways to invest your money. Before investing in crypto, ask yourself if you can afford to lose that money. 

Eight Facts About Cryptocurrency

These facts about cryptocurrency explain why some people love investing in this fun, albeit high-risk venture. Is it the right investment choice for you? Always do thorough research before attempting to answer that question.

For more interesting financial facts, why not browse through the latest articles in our business section.  

Continue Reading

BUSINESS

Why Should Employees Receive CT Sexual Harassment Training?

Published

on

Why Should Employees Receive CT Sexual Harassment Training?

Providing sexual harassment education is crucial in order to maintain a safe workplace environment. Despite this, many firms have seen an increase in the number of claims of workplace harassment, and not all of them have implemented the essential training programs for their employees.

 It is absolutely critical to provide sexual harassment training in the workplace because it has the ability to make workplaces safer for everyone. People will benefit from the training since it will assist them in understanding what sexual harassment is and how to spot it if it is taking place in the workplace. The small effort required by businesses to provide the training is well worth the return on their investment, which is measured in terms of enhanced productivity. Click on the link for more https://en.wikipedia.org/wiki/Sexual_harassment.

Harassment Training

When the Supreme Court handed down a series of landmark decisions, the court made a distinction between sexual harassment committed by employees who are ordinarily authorized to act on behalf of the corporation (such as managers and some supervisors) and sexual harassment conducted by coworkers.

Employees who are subjected to sexual harassment by their coworkers are frequently found liable only if the harassment began or continued as a result of the company’s carelessness on the part of the harasser.

After learning of an instance of sexual harassment, a company must take immediate action to protect the harassed employee or else it would be considered negligent. A sexual harassment complaint would almost always necessitate an investigation by the company, as well as action to prevent the harassment from continuing or repeated in order to avoid legal liability.

Managers and supervisors benefit from sexual harassment training because it helps them understand their duties and responsibilities in the event that they learn or suspect that there has been sexual harassment. Read more here.

Putting up a fight against suspected negligence

It is possible that sexual harassment training will safeguard you from being accused of being careless in three ways. As a first step, employers can take a pro-active approach to protecting their employees against sexual harassment by informing all employees about the forms of behavior that are not acceptable in the workplace.

When it comes to the workplace, sexual harassment is a big problem. Through the training process, the employer’s commitment to sexual harassment prevention and the implementation of a policy against sexual harassment will be made evident. This will aid the employer in fighting against an allegation that it tolerated sexual harassment and failed to take reasonable steps to avoid it.

Furthermore, by emphasizing during CT sexual harassment training that the company has a complaint reporting mechanism and therefore by encouraging harassed employees to use that process, the employer can take advantage of Supreme Court decisions that provide a defense to allegations of sexual harassment against the company in the future.

A firm may still be judged negligent even if an employee completes the reporting procedure and the company fails to investigate and respond in a timely and reasonable way and in good faith to the employee’s complaint. Training employees to be aware of the complaint system is a vital first step in preventing sexual harassment. This will help to reduce the likelihood of coworkers being held accountable for sexual harassment they see.

Finally, training managers and supervisors in the handling of sexual harassment charges instills in them the need of addressing sexual harassment allegations with decency and courtesy. In the case of sexual harassment performed by managers and certain supervisors, businesses might be held accountable even if they were not aware of the harassment. Managers and supervisors should be aware of their rights and obligations in this circumstance.

Increasing the productivity of your workers

Having employees who have experienced workplace sexual harassment are less productive, which puts firms at risk of legal liability as a result. A 2007 study undertaken by researchers at the University of Colorado found that employees who have been sexually harassed are less committed to their jobs than their peers. Those who feel valued are more efficient, but employees who have been sexually harassed are less productive, according to research.

Absenteeism has increased as a result of sexual harassment, which is largely to blame for this increase. Workers who have been sexually harassed are more likely to take sick leave in order to recover from the trauma of being assaulted, according to research. The inability to control sexual harassment results in an increase in an employer’s sick leave charges, which includes the cost of replacing harassed employees with temporary workers.

A high frequency of sexual harassment is associated with a high turnover rate among employees in organizations, according to the Human Resources Management Institute. The loss of a knowledgeable person leads in a rise in training expenditures as well as a decline in the overall efficiency of the organization as a whole.

Continue Reading

Trending