NIKOMAG EUROPE ESTABLISHED

As high quality magnesium compounds with a wide range of designed performances had a big demand all over the world, NikoMag decided to establish a range of offices in the largest world industrial centers to work with consumers promptly and to reduce delivery time. NikoMag-Europe establishment was the first stage to achieve it and to optimize logistics and business processes of products delivery to EU countries.

START OF MAGNESIUM OXIDE AND MAGNESIUM HYDROXIDE PRODUCTION COMPLEX

An official ceremony making the launch of NikoMag new production complex of MDH with a capacity of 25,000 tpy and MgO with a capacity of 30,000 tpy took place on 7 July 2015.The production was started immediately after receiving of the commissioning permit from Volgograd authorities. Herman Gref, president of Sberbank, Anatoly Chubais, chairman of the board of Rusnano, Andrey Bocharov, Volgograd Region governor, and many other government officials, representatives of finance industry, heads of industrial, project, educational and research institutions of the Russian Federation and the region participated in the event as special guests.

START OF SECOND PRODUCTION LINE OF MAGNESIUM CHLORIDE

It was decided to increase NikoMag magnesium chloride capacity by 30,000 tpy additionally, as maximum turnover of magnesium chloride was achieved, industrial facilities reached their maximum capacity during peak demand and product demand in the world market increased. The company began to install magnesium chloride second production line in early 2013.

As of today, NikoMag is the largest magnesium chloride prills producer on the territory of the Russian Federation having a capacity of 60,000 tpy.

START OF FIRST PRODUCTION LINE OF MAGNESIUM CHLORIDE PRODUCTION PLANT

In 2007 industrial complex for production of magnesium chloride flakes and prills was put into operation with production capacity of 30,000 tpy. Magnesium chloride is used in construction industry for production of magnesia cement, oil and gas industry as a component of drilling and killing fluids, chemical industry for magnesium compounds production and other industries.

NIKOMAG ESTABLISHED

NIKOCHEM group management decided to establish NikoMag company in order to make a separate direction of magnesium program within Group of Companies NIKOCHEM development strategy. The goal of the Program was to create a complex of modern production plants for high-purity magnesium compounds on the basis of deep processing of the unique raw material – bischofite solution.

LICENCE FOR BISCHOFITE MINING OBTAINED

License for geological exploration and mining of bischofite from Svetloyarskoye deposit was obtained. Two wells were drilled, one is in operation. Svetloyarskoye deposit of bischofite containing high-purity magnesium chloride is located in the vicinity to NikoMag industrial site. Explored reserves of bischofite and the licenses obtained for its mining guarantee raw material availability according to the project needs during next 100 years.