“Last year, the Lithuanian factory “Lifosa” did not work for 300 days. The company is doing everything to resume operations, but so far it has not been possible to overcome all the obstacles arising in the country, including those arising in the banking sector,” said O. Shiriaev in an interview with Kommersant, quoted by vz.lt.
According to him, if the factory does not start operating in the near future, it will have to be preserved until better times. However, he does not rule out that the factory may be sold.
ELTA reminds that in 2023 In July, EuroChem, the Russian capital group that manages Lifos, announced that the company could be temporarily preserved from October. This was decided after more than a year of supply chain disruptions and ammonia shortages, after the Government imposed sanctions on Lifosa and appointed a temporary administrator.
However, in November Eurochem said it is in talks to resume production. At the time, Samir Brikho, chairman of the board of directors of Eurochem Group AG, said the company was not subject to sanctions, and the European Union reaffirmed in May that the fertilizer industry should not be subject to sanctions. The USA, the EU and the United Kingdom also support this.
100 percent The shares of “Lifosa” belong to the company “EuroChem Group” registered in Switzerland, 90% of which the shares are owned by the Cypriot company AIM Capital – it belonged to the oligarch Andrey Melnichenko before the war in Ukraine, and currently its beneficiary is the businessman’s wife Aleksandra. They are both included in the list of persons sanctioned by the European Union.
According to the data of the Register Center, “Lifosa” in 2022 earned 30.3 million EUR net profit – four times less than in 2021 (when it earned EUR 120.7 million), the company’s income decreased by almost half – to EUR 274.5 million. euros (in 2021 – 526 million euros). The company provides information about 2023. has not yet submitted.
In the company, according to “Sodros” data, in 2024 March 1 888 employees worked.
