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> Sources of Supply
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Sources of supply

IBE TRADE CORP. is one of the biggest suppliers of fertilizers transferred through the following ports of Black Sea: Odessa, Yuzhniy, Kherson, Mariupol, Ilyechevsk. The fertilizers can be shipped through the Baltic ports also - St.-Petersburg, Kaliningrad and others. The goods are delivered into ports terminals by railroad cars in bulk or packed in 50 kg bags or 500, 750, 1000 kg big-bags.

JSC "Minudobreniya", Russia, Rossosh www.minudo.ru

Products
Quantity, 
.000 mtn per year
Ammonia
900
Ammonium Nitrate
520
NPK
1 100

JSC "Concern Stirol", Ukraine, Gorlovka www.stirol.net

Products
Quantity, 
.000 mtn per year
Ammonia
1 350
Ammonium Nitrate
710
Urea
955

Industry Leadership
IBE TRADE CORP. (IBE) is a leading international producer and trader of chemical fertilizers.

IBE TRADE CORP. (IBE) is a U.S. corporation, founded in 1987, with its headquarters in New-York City and representative offices in Budapest, Moscow, Kiev, Odessa and Yzhhorod. IBE also has production facilities in Russia and Ukraine. The company's distribution net covers North and South America, Europe, Asia and Africa.
IBE Trade holds a solid position on the world market of fertilizers. According to the International Fertilizer Industry Association and Fertecon, IBE Trade Corp. controls approximately 12 % of the ammonia market, 6% of the ammonium nitrate, and 3% of the urea market. In addition, IBE Trade Corp. holds approximately 20% market share of NPK sales to China.

Highly professional staff, efficient management system and transparency of the company's financials enable IBE to compete equitably with the world's leading fertilizer producers such as Transammonia Inc, Cargill Fertilizers, Conagra International Fertilizers, Hydro Agri International, Mitsubishi International Corp., Koch Nitrogen Corp.

Aims and Strategy
IBE's strategies are aimed at strengthening the company's position in the world fertilizer market by increasing production potential and market share in CIS countries where IBE has achieved strong competitive advantage.

IBE's primary competitive advantages are:
- Professional staff with expertise in acquiring, restructuring and modernizing industrial enterprises in CIS countries;
- Full control of the entire production-logistics process and commercial operations;
- Well-established strong long-term relationships with partners on the principals of mutual respect and business cooperation;
- Effective marketing strategies;
- Wide range of products;
- Financial transparency of the company for strategic investors;
- Efficient risk management policy.

Production policy
In all production facilities controlled by the company, IBE implements and enforces the following strategies and policies: modernization of machinery and equipment, reduction of production costs, continuous introduction of new products. Moreover IBE pays particular attention to strict compliance with environmental regulations.

Quality
IBE TRADE CORP. is dedicated to continuous improvement of product quality in response to the demand of the international market. The company monitors its products' quality at all stages of technological and transportation process through all levels of production, loading/unloading and up to delivery to buyers.

Environment
All production facilities controlled by IBE TRADE CORP are required to implement the company's strategy aimed at preservation and protection of the environment:

1. Reduction of consumption of natural resources by increasing efficiency of cleaning units and using resource- and energy-saving technologies;
2. Monitoring of all production indices;
3. Timely replacement, reconstruction and modernization of the equipment;
4. Participation in governmental environmental programs;
5. Continuous education of the staff.

Logistics

The main principle of our company is guaranteed just-in-time safe delivery of the goods and supervision of its quality at all stages of production and delivery.

On the way to the customer the goods pass through the following stages of transportation and quality control:

1. Loading the product into railroad cars and its shipment.

Produced goods are subjected to a strong chemical and granulometric control, fine granules are removed. NPK is being stored within 3 day minimum on the warehouse in order to prevent caking and to stabilize its characteristics. Afterwards selected goods are loaded into thoroughly selected, repaired and cleared railroad cars.
 

2. Railroad transportation.

Our special department constantly traces movement of railroad cars with the product at all stages of transportation ensuring cargo safety and its delivery just-in-time.
 

3. Unloading and storing the goods at the port warehouses.

Representatives of the independent surveyor company (Saybolt) hired by our company supervise quality and quantity of the goods in the railroad cars during the process of their unloading at the port. In case of revealing of any discrepancy (in quality or quantity of the goods) the report is drawn up and the thoroughly investigation is conducted. At the port the goods are kept in dry covered warehouses. Furthermore the goods are covered with special materials in order to prevent penetration of moisture from the atmosphere. Representatives of the independent surveyor company constantly supervise the state of the goods stored at the warehouses. All discrepancies in quality are recorded and thoroughly investigated.
 

4. A vessel loading.

Before loading the goods into a vessel the thorough examination of all holds is carried out. Representatives of the independent surveyor company constantly watch loading goods into a vessel, take samples and make their analysis, measure interim and final draughts.
 

5. Unloading in the port of destination.

The delivered goods are carefully examined during the process of unloading at the port of destination and in case of revealing of any discrepancy (in quality or quantity) the report is drawn up and each claim is handled thoroughly afterwards.

We guarantee delivery of the high-grade products just-in-time!

worldwide_presence
Real Estate
IBE Trade Corp. and its affiliates have owned and managed commercial and residential real estate for over a decade, both domestically and internationally, with a focus on the New York metropolitan area and Eastern Europe.

Our Products:

Liquid Anhydrous Ammonia

Fraction of total mass of ammonia - min., %
Fraction of total mass of nitrogen  


99.60


   
Ammonium Nitrate

Fraction of total mass of nitrogen
 
   
NPK 16:16:16 (MOP)

Fraction of total mass of nitrogen
 
   


NPK 15:15:15 (SOP)  
   
NPK 22:11:11 (MOP)

Fraction of total mass of nitrogen (N), min %


22
   
NP 23:22

Fraction of total mass of nitrogen - min. %
Nitrogen N, %


23
   
NP 26:13

Fraction of total mass of nitrogen - min. %
Nitrogen N, %


26
   
UAN Solution

Fraction of total mass of nitrogen - min %
A/N - Urea Ratio %
Density 
PH
Fraction of total mass viscosity at 20C
Temperature of crystallization


32
1.3 / 1 +/- 5%
1.326 @ 1.3 / 1 Ratio@15.6C
6.3 - 7.2
5 or less
-2C
   
Urea

Fraction of total mass of nitrogen - min %
Fraction of total mass of water - max. %
Fraction of total mass of biuret - max. %
Granulometric composition - fraction of total mass of granules 1 - 4 mm. - min. %


46
0.50
1.00
90
   
> Sales By Year
> Sales by country
> Worldwide Presence
> Financial Information


Sales By Product

1997 1998 1999 2000 2001 2002 2003 2004 2005 2006
Ammonia 1 260 463 1 023 387 1 298 820 1 177 047 1 371 139 1 348 800 1 669 338 1 508 587 1 639 199 590 963
Urea 419 494 384 112 396 192 645 951 498 348 544 368 516 129 579 071 643 731 567 466
UAN 58 824 183 430 208 527 299 766 264 672 19 017 141 164 48 500 47 000 25 000
Ammonium Nitrate 46 285 89 590 267 489 306 451 282 198 317 569 431 325 269 195 246 413 222 320
Potash - - - - 1 296 30 517 1 659 - - -
Adipic Acid - - - - 529 13 676 16 461 3 979 - -
Low Dicarboxylic Acid - - - - 102 1 030 1 284 41 - -
NPK 1 254 107 814 448 629 570 497 687 070 725 826 714 970 631 995 694 721 -
Diammonium Phosphate - - - - - 784 - - - -
Ammonium Sulphate 4 950 - - - - - 21 000 - 8 773 -
LD Ammonium Nitrate - - - - - 30 056 - - - -
Caustic Soda - - - - - 1 000 - - - -
Cyclohexanone - - - - - 297 245 - - -
Ammonia Water - - - - - - 1 920 - - -
Totals 1 791 270 1 788 333 2 619 657 2 999 712 3 105 354 3 032 940 3 525 126 3 041 368 3 279 838 1 405 750




Color Product
Liquid Anhydrous Ammonia
Ammonium Nitrate
UAN Solution
Urea
NPK
Ammonium Nitrate sales in 2006


Color Country Quantity,mtn %
Turkey 159,373.190 71.69
Morocco 42,144.810 18.96
Serbia 8,899.600 4.00
Romania 4,000.000 1.80
Hungary 2,951.120 1.33
Albania 2,950.000 1.33
Cyprus 2,001.000 0.90
TOTAL 222,319.720 100.00
THE CONTENT IS MISSING ON IBETRADE.COM
Audited financial statements PWC

IBE Trade Corp. is audited by Pricewaterhouse Coopers LLP.
Financial Information is available at Dun & Bradstreet

> News
> Press Releases
> Press about us
April 13, 2007
Shareholders are doing all they can

Extracts from the speech by the Chairman of the Supervisory Council of Severodonetsky Azot, Alex Rovt, at the meeting of managers and workforce.

The situation with energy prices was difficult in 2006 and even more difficult in 2007, but I am very pleased to be able to say that our common efforts have brought positive results nevertheless. We are all optimists, so difficulties hold no terrors for us. We have come through a tough period together and we are the stronger for it.

We all know that gas prices are not going to fall. Unfortunately they will only grow. Gas represents about 70% of our raw material costs and nitrogen fertilizers are about 80% of our output. Gas is our main raw material, which means further difficulties on the road ahead. But we remain optimistic in our plans for the future. Firstly, we intend to buy and install energy saving equipment. We will try our hardest to reduce dependence on natural gas by developing outputs, which do not require major gas consumption. The Technical Director and Technical Department have proposed a program for the coming three years, which gives an important role to goods, such as high-pressure polyethylene, which are not tied to the gas price. This is our only option for further development of the company: high energy prices make other courses impossible.

The Supervisory Council has decided to pay bonuses to all employees for the first quarter of 2007 equal to half of the factual monthly wage or wage due under company rules. Average wages at Severodonetsky Azot are currently 40% higher than the average in our Region. We want to make them even higher, because chemical production has special features. We will do all we can, through reduction of gas dependence, to restore the favourable situation, which the company enjoyed in 2004-2005, when available resources for development were much greater.

We must all understand - there is only one way forward. Speaking for ourselves and for investors, I can assure you that we will not take a single kopeck from the plant in dividends over the next three years. All the money, which we earn, will be invested in production.

We must start to produce new goods, which bring additional profit. We must also consider alternative ways of obtaining gas, such as independent development of gas wells, if that is permissible under the Ukrainian law. We are working on that possibility and on others.

I can assure you on behalf of shareholders: we will do all we can to ensure that our excellent team of managers and employees continues to develop in the future. When we come here we want to see smiles on your faces and to know that Azot employees enjoy their work and receive a proper wage for doing it.

Thank you once more for your labour, and for everything you do for the company!


April 5, 2007
Supervisory Council Praises Efforts by Managers and Workforce at Severodonetsky Azot

The Supervisory Council of Severodonetsky Azot CJSC held a meeting on March 29, which was attended by all Council members. Main items on the agenda were discussion of the financial report submitted by the executive board for 2006 and the first quarter of 2007, and plans for technical development of the plant and modernization of its production.

Alex Rovt, Chairman of the Supervisory Council of Severdonetsky Azot CJSC, said at the press conference after the meeting:


News Archive


December 11, 2006
Severodonetsky AZOT

Severodonetsky AZOT is a city and budget supporting enterprise which successfully implements social programs.

From the day of its creation


August 21, 2006
SEVERODONETSK AZOT BUDGET CONTRIBUTION IN 2006

Over seven months (January through July) of 2006, ZAO Severodonetsk Association AZOT* paid 93.802 mln hryvnyas, or USD 18.575 mln, in taxes. Ukraine


June 8, 2006
The North Donetsk "Azot" Concern overfulfils its monthly plan

The North Donetsk "Azot" Concern (60% of the shares belong to the IBE Trade Corp.; 40% to the Ukrainian State Property Fund) successfully completed its production programme for May, 2006. The product production plan was fulfilled 104.2%.

The monthly production plan for all chemicals except acetylene and vinyl acetate was overfulfilled.

The stable work at the factories and the sections has reflected positively on the enterprise


June 1, 2006
POLYETHYLENE MANUFACTURER SGPP AZOT GEARING UP FOR PRIVATIZATION

On 27th May the staff of ZAO Severodonetskoye Ob


May 29, 2006
SEVERODONETSK AZOT CELEBRATED ITS 55TH ANNIVERSARY

On 27th May the staff of ZAO Severodonetskoye Ob

May 12, 2006
Azot Severodonetsk Association CJSC Operates at Full Capacity

Based on the results of April 2006, Azot Severodonetsk Association CJSC (60% of shares are held by IBE Trade Corp., 40%, by the Ukrainian State Property Fund) has 109.2% fulfilled its monthly assignment to manufacture marketable products. The capacity utilization rate came to 100% at the enterprise.

This enabled to increase tax payments. For April 2006, Azot Severodonetsk Association CJSC remitted UAH 7.858 million in taxes, including UAH 6.037 million to the Ukrainian national budget and UAH 1.822 million to the local budget.

Allocations to the Ukrainian Pension Fund came to UAH 5.511 million and to the Social Security Fund, to UAH 648,000, in April 2006


March 16, 2006
Polyethylene Production to Resume at SGPP Azot

On 10 March this year, the Supervisory Board of ZAO Severodonetskoye Ob


March 13, 2006
Severodonetsk Azot Introduces Energy-Saving Technologies

The management of ZAO Severodonetskoye Ob


March 13, 2006
Severodonetsk Azot Reported 2005 Achievements to Shareholders

On 10 March this year, the press conference following a session of the Supervisory Board of ZAO Severodonetskoye Ob


March 10, 2006
Severodonetsk Azot Improves Social Benefits

On 10 March this year, the Supervisory Board of ZAO Severodonetskoye Ob


January 19, 2006
Severodonetsk Azot introduces energy-saving technology
 Kiev. 19 January. INTERFAX-UKRAINE


January 19, 2006
Severodonetsk Azot introduces energy-saving technology
 Kiev. 19 January. INTERFAX-UKRAINE


December 23, 2005
Azot received second tranche of US investments


December 16, 2005
Second vinyl acetate line was launched at the JSC

 JSC

November 23, 2005
Supreme Court Ruled for JSC

Today the Supreme Court of Ukraine dismissed the decisions of the Kiev Pechorskiy District Court and Kiev Appellate Court, and thus terminated the case that challenged the legality of the formation of the Joint Stock Company


November 1, 2005

In his interview to the newspaper

October 21, 2005
IBE Trade Corp. president Alex Rovt and representatives of Yara International ASA visit JSC

Alex Rovt and the representatives of the world's largest producer of chemical fertilizers, Yara International ASA.visited ammonia production facility 1-A.

The U.S. investor finds the current rate of gas consumption in ammonia production, 1300+ cubic meters per ton, not satisfactory. Utilizing the experience of Yara International ASA, the Azot investor plans to cut down gas consumption to 1100, thus resulting in 15-20% savings on gas, which accounts for 70% of the cost of the end product.


October 19, 2005
Executive Vice President of Worldwide Chemical LLC, James William Grant visited Severodonetsk Azot.


October 13, 2005
The first investment tranche was used by Severodonetsk Azot in its entirety.

The Supervisory Board and the Board of Directors of JSC


October 13, 2005
Thanks to its investors Azot can cut its costs

On October 12, Executive Vice President of Worldwide Chemical LLC, former Member of the United States Congress James William Grant, lawyers Elizabeth Holzman, Raymond Henigen and Irina Benfeld visited JSC


October 3, 2005
Severodonetsk Azot Stocks Up Natural Gas

To ensure uninterrupted production, Severodonetsk Azot is stoking up on substantial quantities ofnatural gas, according to a statement by Valentin Kazakov, CJSC Chairman of the Board.

Mr. Kazakov emphasized that the measure had been prompted by increasingly higher gas prices, natural gas being the prime raw material for Azot's products such as ammonia, chemical fertilizers, methanol.


September 7, 2005
Worldwide Chemical LLC (USA), investor in Severodonetsk Association AZOT CJSC (Lugansk Region) is prepared to consider all proposals by the Ukrainian government to settle all the issues related to Severodonetsk Association CJSC as soon as possible, said Evgeny Stepanov, press secretary with IBE Trade Corp., which owns 85% of shares in the Worldwide Chemical LLC.

 Last Friday the manager of the Severodonetsk Association AZOT announced the takeover of the enterprise by unknown armed people. It became known later that the Ministry of the Industrial Policy, acting upon the decision by the Kiev Pechora District Court about the illegal nature of the closed joint-stock company establishment, appointed a new head of the enterprise. Later, the new head of the enterprise said that the enterprise had been switched back to the government control.

 At the same time RIA Novosty cited Nina Yavorskaya, press secretary of the Ukrainian State Property Fund


September 7, 2005
The transfer of Severodonetsk Association AZOT CJSC property back to the state is postponed until the complaint filed by CJSC had been investigated by the Supreme Court

Lugansk, September 6. INTERFAX-UKRAINA


September 6, 2005
IBE Trade Corp. welcomes the beginning of talks with FGI about ZAO SEVERODONETSK AZOT

Kiev. September 6. INTERFAX-UKRAINA


September 6, 2005
FGI Head Starts Talks with AZOT Investors in Severodonetsk

Kiev, September 6. INTERFAX-UKRAINA - Chairman of the Ukrainian State Property Fund (FGI) Valentina Semenyuk arrived in Severodonetsk to negotiate the settlement of the conflict around SEVERODONETSK Association AZOT CJSC at the instruction by the President of the Ukraine Viktor Yushchenko.

"We hold out the hope that the negotiations will help settle the situation", said Yevgeny Stepanov, IBE Trade Corp. (USA) press secretary speaking to the Interfax-Ukraina.

According to him, minister of the industrial policy Vladimir Shandra, Chairman of the CJSC Supervisory Committee Alexei Kunchenko arrived at the AZOT enterprise together with the FGI head, and have already started talks with the CJSC investor and co-founder Alex Rovt, an American businessman and President of the IBE Trade Corp.

Vladimir Lyakhov, appointed by the Ministry of Industrial Policy order General Director of Association AZOT Severodonetsk State Manufacturing Enterprise (SSME), the second CJSC co-founder, also participates in the negotiations.

Valentina Semenyuk addressed the rally participants gathered in the area adjacent to the AZOT plant and reassured them that the conflict will be resolved in a legal manner.

The rally participants welcomed the FGI head and reminded her about their demands, support of the CJSC management, which could not work in the CJSC office building that had been taken over by the AZOT SSME representatives.

As is known, in October 2004 the US-based Worldwide Chemical LLC Company won the competition to select the investor and co-founder of the CJSC established as part of the SSME reorganization, and has already transferred $60 mln to pay for 60% of its shares.

In accordance with the decision by the Pechora District Court of the City of Kiev of March 17, 2005, CJSC SEVERODONETSK Association AZOT must return the entire property to SSME as a contribution to the CJSC authorized capital. Worldwide Chemical LLC disputes this court ruling.

The first Vice Prime Minister Anatoly Kinah said back in July that the most likely solution to the conflict is an amicable settlement with the investor who agreed to concede the controlling interest in CJSC to the government authorities. Mr. Kinah praised the investor

July 28, 2005
The AGREEMENT OF LAWSUIT is possible

The appeal court of Kiev has rejected the appeal of the company "Severodonetskoe Obyedinenye "Azot" on decision of Pecherskiy regional court of Kiev from March, 17th according to which the constituent documents and registration of the company have been recognized void.

Representative of State Property Fund has told about it on June, 27th, 2005.

As he said, thus, the decision of Pecherskiy court about invalidity of creation of the closed joint-stock company "Severodonetskoe Obyedinenye "Azot" has entered validity.

However, as the Ukrainian mass-media writes, first vice-prime minister Anatoly Kinakh has admitted an opportunity of the conclusion of the agreement of lawsuit between the Cabinet and company Worldwide Chemical LLC, an affiliated firm of "IBE Trade Corp." which owns 60 % shares of " Severodonetskoe Obyedinenye "Azot" (Lugansk region).

As he said, as one of variants of the agreement of lawsuit can be the reception by the state of a control share holding of Joint-Stock Company "Severodonetsk association "Nitrogen". "Today we have considered a situation on Severodonetsk " Nitrogen ", there a good variant of the agreement of lawsuit is planned when the investor voluntary agrees that the state had control share holding and now the search of variants goes ", - Kinakh has told.


July 1, 2005
Khinakh predicts the conclusion of the agreement of lawsuit with investor of

The first vice-prime minister of Ukraine Anatoly Kinakh predicts the conclusion of the agreement of lawsuit with the investor of


June 20, 2005
Victor Yushchenko turned down the OPPORTUNITY of CARRYING out the reprivatization in Ukraine

President Victor Yushchenko, acting at the International investment forum in Kiev on June, 16th, has promised to foreign investors to make active privatization.

The president of Ukraine Victor Yushchenko has emphasized serious steps of Ukraine on deep reforming tax and budgetary system, education and communal services, the administrative device and defense. The press-service of the Ukrainian president informs. According to the head of the state, Ukraine is ready to offer the international and domestic business


May 18, 2005
Topical Interview

It is a widely known fact that the development of agriculture is greatly affected by the land fertility. To create a solid basis for growing high crops the whole world applies mineral fertilizers. When in the late 1980s in Rossosh, the Voronezh Region, a chemical giant was built, this has solved the problem of supplying the Central Black Earth Zone with fertilizers. Today in our editor


May 11, 2005
Yara Investments in Minudobrenya Open Joint-Stock Company, Rossosh

In 2005 Yara International ASA (Norway) is planning to invest 1 billion Nrwg Krone ($160 mln) in three mineral fertilizer producers, including Minudobrenya Open Joint-Stock Company, Rossosh, Voronezh Region, whose majority stockholder is IBE Trade Corp., USA. The information is reported by Yara. The investment will substantially exceed the amount put up by the company last year. Yara envisages to divide the $160 mln investment among the Rossosh Minudobrenya, Chilean SQM (Sociedad Quimica y Minera de Chile S.A.) and Burrup Fertilisers Pty Ltd (BFPL, Australia)


April 18, 2005
Golden Buttress

The results of Golden Buttress federal contest held by RAO UES of Russia with the support of the Ministry of Industry and Power Engineering have been summed up. Minudobrenya Open Joint-Stock Company, Rossosh, the majority stockholder of which is IBE Trade Corp.. USA, was named the best enterprise in the Voronezh Region for careful energy consumption characterized by clear-cut planning and dispatcher operations. Impeccable adherence to the energy consumption schedules and modes, steady and regular resource payment have stipulated the economic progress of the enterprise and strict fulfillment of all obligations to the energy providers.


April 5, 2005
The title of the Best Employer of 2004 among the biggest Lugansk Region companies was awarded to Severodoneckoye Obyedinenye Azot.

The Best Employer of 2004 contest among the biggest Lugansk Region companies was won by Severodoneckoye Obyedinenye Azot Closed Joint-Stock Company owned by WORLDWIDE CHEMICAL LLC, subsidiary of IBE Trade Corp., USA. The results of the contest were summed up among three nominations in six groups depending on the number of people employed by a company.


March 15, 2005
IBE TRADE CORP. and IBE Kft. aggregated sales in 2004

In 2004, combined sales for IBE Trade Corp. and IBE Kft. exceeded 3 million metric tons ("MT"), including 1.5 million MT of anhydrous ammonia; 269,195 MT of Ammonium Nitrate; 631,995 MT of NPK; 48,500 MT of UAN; 579,070 MT of Urea; 3,978 MT of Adipic Acid and 41 MT of Low Dicarboxylic Acid.


December 25, 2004
PriceWaterhouseCoopers released its Auditors

This report you can find here (373 Kb).


December 24, 2004
IBE TRADE CORP. and State Property Fund of Ukraine form a CJSC

The Tender commission responsible for investor selection declared Worldwide Chemical LLC, a limited liability company controlled by IBE TRADE CORP, as the winner of the bid for participation in the formation of the CJSC "Severodonetskoye Obyedineniye Azot" on the basis of Severodonetsk State-owned Enterprise "Obyedineniye Azot".
In November 2004 the State Property Fund and Worldwide Chemical LLC obtained a permission of the Ukrainian Antimonopoly Committee to establish CJSC "Severodonetskoye Obyedineniye Azot" on the basis of Severodonetsk State-owned Enterprise "Obyedineniye Azot".
On December 24, 2004 the closed joint stock company "Severodonetskoye Obyedineniye Azot" was registered.
The amount of charter capital of CJSC "Severodonetskoye Obyedineniye Azot" is 200 ml USD. Worldwide Chemical LLC holds a 60% interest in the newly born company, and the other 40% is held by the State Property Fund.
The State Property Fund has already contributed the aggregate production assets of Severodonetsk State-owned Enterprise "Obyedineniye Azot" to the charter capital of CJSC "Severodonetskoye Obyedineniye Azot". Worldwide Chemical LLC has contributed 60 ml USD, and another 60 ml. USD will be contributed within one year.


February 12, 2004
IBE TRADE CORP. and IBE Kft. aggregated sales in 2003

In 2003, combined annual sales for IBE Trade Corp. and IBE Kft. exceeded 3.5 million metric tons ("MT"), including 1.67 million MT of anhydrous ammonia; 425,395 MT of Ammonium Nitrate; 720,383 MT of NPK; 141,164 MT of UAN; 516,129 MT of Urea in bulk and the balance of tonnage consists of other various products such as Ammonium Sulphate, Potash, CAN, industrial AN etc.


September 26, 2003
IBE Kereskedelmi es Szolgaltato Kft. (IBE Kft.) sales in the first half of 2003

For the six months ending June 30 2003 IBE Kft. total sales were 67 million US dollars.

February 15, 2003
IBE TRADE CORP. sales in 2002

In 2002 IBE TRADE COPR. annual sales exceeded 3.9 Million Metric Tons, including 1.3 million metric tons of Anhydrous Ammonia, 544,000 Metric Tons of Bulk Prilled Urea, 725,000 Metric Tons of NPK fertilizers, 19,000 Metric Tons of UAN Solution (Urea Ammonium Nitrate), 317,000 Metric Tons of Ammonium Nitrate and the balance of tonnage consists of other various products, such as Potash and Low Density Ammonium Nitrate.
In 2003 IBE projects sales in excess of 4.0 Million Metric Tons.


January 15, 2003
IBE TRADE CORP. opens a trading office in Budapest, Hungary

In December 2002 IBE Kereskedelmi es Szolgaltato Kft. ("IBE Kft.") commenced operations in Budapest, Hungary. IBE Kft. is a fully owned subsidiary of IBE Trade Corp. IBE Kft. compliments the trading operations in New York and Chicago and functions to optimize sourcing, marketing and distribution channels for all fertilizer products. PricewaterhouseCoopers will audit IBE Kft. For all IBE Kft. marketing and trading related questions please contact Imre Gercsak at tel. + 36 1 299 20 90, fax. + 36 1 299 20 99 or e-mail: office@alfa2000.hu, gimre@alfa2000.hu

One of the Ukrainian Chemical Majors Jubilating
Severodonetsk-Based Azot is 55

Celebration of the 55th anniversary of Azor Severodonetsk Association CJSC is to be held at the enterprise on May 27. Azot


US investors opened a second line at the vinyl acetate shop of Severodonetskoye Ob

Severodonetskoye Ob


IN MEMORY OF OUR FRIEND

The life of Igor Nickolaevich Olshanskiy, the Executive Vice President of IBE Trade Corp., an outstanding person, an extraordinary leader and organizer, was tragically cut short. His family, relatives, colleagues and friends have suffered an irreplaceable loss.

Igor Nickolaevich Olshanskiy devoted his short but vivid life to the revival of Russian and Ukrainian industrial production, and establishment of vital economic and social programs. In recent years, his work was inseparably connected with the operations of OJSC


One Man

The newspaper Trud-Ukraina (No 74 (477) of 30 September


President of IBE Trade Corp. denies involvement of Yanukovich's son in Azot

President of IBE Trade Corp. Alex Rovt, US citizen of Ukrainian descent, investor of Severodonetskoye Ob


Annual stockholders' meeting of JSC "Minudobreniya", Rossosh

On the 27th of May, 2005, the annual stockholders' meeting of JSC "Minudobreniya", Rossosh took place. At the meeting alterations to the articles of association of JSC have been made and membership of committee of directors has been broadened.


AMMONIA PIPE LINE WENT UNDERGROUND

Minudobrenya Open Joint-Stock Company has successfully launched the ammonia pipe line main. Ammonia transportation has become much safer. The completion of the project took under six months. The mineral fertilizer producer was backed in this endeavor by the Rossosh mounting administration and Transammiak Company Voronezh subsidiary.

CJSC

A number of articles has appeared in Ukrainian press, which negatively cover the establishment of closed joint-stock company

Severodonetsk's Azot plans to upgrade the carbamide shop by 2008

ZAO Severodonetsk Association AZOT (Lugansk Region) plans to commence upgrading the UREA shop in 2007.

Interfax-Ukraine
21 November 2006

Severodonetsk Association AZOT boosts output by 5.5% to 1,164.3 mln hryvnyas over the first six months of 2006

The Lugansk Oblast-based Severodonetsk Association AZOT, major producer of ammonia and nitric fertilizers, increased its output by 5.48% in comparable prices, or 60.471 mln hryvnyas, to a total of 1,164.284 mln hryvnyas over the period from January through June 2006 as compared with the same period in 2005.

The Ukrainski Novini news agency learned this from the Kiev-based IBE Trade Corp., AZOT shareholder, press service.

Konstantin Druzheruchenko
Ukrainski Novini
July 27, 2006

The Severodonetsk Association AZOT closes first semester with net profit of 12.3 mln hryvnyas

Major producer of ammonia and nitric fertilizers, Lugansk-based Severodonetsk Association AZOT closed the first six months of 2006 through June with net profit of 12.275 mln hryvnyas.

The Ukrainski Novini news agency learned this from the Kiev-based IBE Trade Corp., AZOT shareholder, press service.

Konstantin Druzheruchenko
Ukrainski Novini
July 27, 2006

A DOUBLE HOLIDAY AT THE NORTH DONETSK "AZOT" CONCERN

This year, chemical workers at the North Donetsk

G. Kotsarenko
Luganskaya pravda

The North Donetsk "Azot" Concern Renews its Assets

The press service of the North Donetsk "Azot" Concern informed Kommersant today that it plans to undertake the technical re-equipment of the enterprises fixed assets to mark Chemical Worker's Day (May 28).

Vladimir Lermontov, Lugansk
Kommersant-Ukraina
May 16, 2006

EVERYBODY GAIN

Raising investments into Ukraine

Luganskaya Pravda, No. 46
April 29, 2006

The CJSC "Severodonetsk Azot Association" increased its ammonia production in 2005 by 9.6% to 966,000 tonnes.
According to information received by the Interfax-Ukraine news agency at the IBE Trade Corp (USA) press service, the enterprise also increased its production of ammonium nitrate by 5.6% (over the 2004 amount) to 457,000 tonnes, its production of methanol by 6.2% to 195,000 tonnes, and its production of formalin by 22.5% to 116,000, but reduced its output of acetic acid by 4% to 159,000 tonnes.
Interfax-Ukraine
January 23, 2006

Severodonetsk Azot introduces energy-saving technology
Kiev. 19 January. INTERFAX-UKRAINE
Interfax-Ukraine, 19-01-2006

Plant's Comeback
A year ago, 24 December 2004, the failed SGPP (Severodonetskoye State Manufacturing Plant) Azot, Ukraine's third largest chemical plant, was saved by a joint venture set up with foreign investors. Exactly one year later, Azot received the second part of investments, the US-based Worldwide Chemical LLC having honoured its commitments under an investment programme in full. The business is now going from strength to strength and upgrading itself, with the management's plans providing for a complete retrofitting of the facilities before 2016.
Grigory Sinyavsky,
Newspaper Izvestia, No 238 of 28-12-2005

Azot reaches new heights
(The US investors have opened a second line at the vinyl acetate shop of Severodonetskoye Ob
This business entity is called one of the three whales to support the region's economy. It is thanks to its investor, Worldwide Chemical LLC, which owns a 60% stake in the business, that Azot made the grade. So it is hardly surprising that the inauguration ceremony was attended by the household names of Severodonetsk and the region, who did not stint words of praise for the investors.
Grigory Sinyavsky
KP Ukraina of 20 December 2005

Severodonetsk Azot beefs up capacity
(The factory has put a second vinyl acetate line into service)
Severodonetskoye Ob
Grigory Sinyavsky
Izvestia of 20 Desember 2005

Enterprises Develop New Technologies
DELO asked the leading industrial enterprises whether they are going to retain their profitability if Russia increases the natural gas rates up to the European levels. We were primarily interested in the opinion of energy-intensive and export oriented sectors of the economy.
Olga Anisimova
Delo Daily, No.35, December 06, 2005

President sells the Odessa Seaport Plant,Unlike Deputies
Yesterday President Victor Yushchenko stated that public privatization of OJSC Odessa Seaport Plant (OSP) would be held in 2006. The Fund of the State Property (FSP) has specified that after the privatization state
Oleg Gavrish, Alexander Chernovalov
Kommersant Daily (Ukraine), # 97,November 30, 2005

Supreme Court Ruled for JSC
Today the Supreme Court of Ukraine dismissed the decisions of the Kiev Pechorskiy District Court and Kiev Appellate Court, and thus terminated the case that challenged the legality of the formation of the Joint Stock Company
from-UA.com , November 23, 2005

WHAT ALEXEI DANILOV SAYS, AND WHAT
Ex-Governor of the Lugansk Region Alexei Myacheslavovich Danilov is seeing red. Small wonder. He lost such an influential position overnight. He is naturally upset. But why insult decent and respected people, tilt at windmills?
Journalist Grigory Sinyavsky visited the conference room of the Obozrevatel Internet-based newspaper on the ninth of November to attend Alexei Danilov's press conference.
Grigory Sinyavsky,
www.versii.com.ua, November 14, 2005

Prime Minister Gave His Word to US investors
At the meeting with Prime Minister Yuri Yekhanurov US Congressmen raised the question of Severodonetsk Azot. On 2nd November prime minister Yury Yekhanurov met in Washington with members of US Congress. One of the main questions is Ukraine's membership in the WTO. The Congressmen approved the efforts of the prime minister to turn Ukraine into a country with market-oriented economy and paid special attention to the objective of creating a favourable investment climate in Ukraine.
Sergei Ivanenko,
Newspaper Izvestia, No 202, November 8,2005
more

When in the USA, Yekhanurov Spoke about Privatization, Investments and Severodonetsk Azot
Ukraine's Prime Minister Yury Yekhanurov held on 1
East Ukraine information agency: cxid.info, November 07,2005

Yury Yekhanurov Reassured the Americans
On the first of November Ukraine's Prime Minister Yury Yekhanurov met in Washington with top managers of leading US companies. The meeting had been arranged by the US Chamber of Commerce and Industry. The meeting addressed a number of pressing issues in the Ukrainian-American business relations. Specifically, discussion touched on Severodonetskoye Ob"yedineniye Azot CJSC.
Newspaper Komsomolskaya Pravda, No 204 of November 5,2005

Yekhanurov Met with US Businessmen and Congressmen
On the first of November 2005, Ukraine's Prime Minister Yury Yekhanurov met in Washington with top managers of leading US companies. The meeting had been organised by the US Chamber of Commerce and Industry.
The meeting addressed a number of pressing issues in the Ukrainian-American business relations. Specifically, discussion touched on the situation around Severodonetskoye Ob"yedineniye Azot CJSC. Ukraine's Prime Minister Yury Yekhanurov and James Grant, executive vice president of Worldwide Chemical LLC, the CJSC investor, discussed the situation around Azot.
from-UA.com , November 4, 2005

When in the USA, Yekhanurov Discussed the Arrangements for Protecting the US investments in Ukraine
On the first of November 2005, Ukraine's Prime Minister Yury Yekhanurov met in Washington with top managers of leading US companies. The meeting had been organised by the US Chamber of Commerce and Industry. The meeting addressed a number of pressing issues in the Ukrainian-American business relations.
Podrobnosti [In Detail], 04.11.2005

IBE Trade Corp. President Alex Rovt: We Are in the Right
The controversy over the future of Severodonetsk Ob"yedineniye Azot CJSC rages unabated. To date, the investor, US-based Worldwide Chemical LLC, has proposed as many as five different drafts of a settlement agreement to the government. The government is thinking about accepting it. And the company, meanwhile, is continuing its large-scale efforts to overhaul the manufacturing facilities. Worldwide Chemical LLC has made available $60 million for the project. The second infusion of investment capital (another $60 million) is to be made before the end of 2005.
Newspaper Izvestia (Ukraine) No 198, November 1,2005

Azot Investor Looks to the Future
A group of engineers from the world's biggest maker of chemical fertilizers, Yara International ASA, has visited Severodonetskoye Ob"yedineniye Azot CJSC to review the options for retrofitting the ammonia plants.
Aleksandr Koloskov,
from-UA.com, October 31, 2005

Severodonetsk Association AZOT CJSC. Government Authorities and Investor Reach a Tradeoff
Founders of the Severodonetsk Association AZOT CJSC, State Property Fund and the American Worldwide Chemical LLC Company intend to develop a common stance with regard to the current joint stock company status before the case is taken to the Ukrainian Supreme Court. In order to speed up the legal settlement of the issue, the State Property Fund requested the Ukrainian President and the Chairman of the Supreme Court to help bring quick solution to the problem.
Alexander Koloskov,
"Podrobnosti.ua" ,October 21, 2005

Trud's Untruthful Truths
With the quite questionable reprivatization programme announced by the authorities in the fever of the post-election syndrome beginning to show all its drawbacks and shortcomings and generating in its wake new corruption schemes, loopholes for lobbyism and redistribution of assets in favour of the private business close to the authorities, the senior officials in the administration made a difficult but the only right decision: to abandon such a popular but ineffective and fatal to the economy programme.
7/10/2005 - Sergei Salenko

The United States to Help the Ukrainian Orphans
SEVERODONETSK AZOT COMPANY DISCUSSED DURING PRESIDENT YUSHCHENKO VISIT TO THE USA
During his recent visit to the United States, President of the Ukraine Viktor Yuschenko met with the political and business circles of America. The Ukrainian President also met with the US State Secretary Condoleezza Rice, other foreign leaders and members of the US Congress.
Sergei Nechiporenko,
Komsomolskaya Pravda in the Ukraine Daily, September 23

Investment Climate
During his recent visit to the United States, President of the Ukraine Viktor Yuschenko met with the political and business circles of America. In particular, the President met with the US State Secretary Condoleezza Rice, other foreign leaders, and also members of the US Congress.
The Congressmen discussed the investment climate in the Ukraine with the President. They showed their great concern with the future and the prospects for investments in connection with the recent dramatic events in the city of Severodonetsk.
Sergei Nechiporenko,
IZVESTIA, September 23, 2005, No. 171.

Premier Rejected in Ukraine; Political Stalemate Hardens
MOSCOW, Sept. 20 - Ukraine plunged deeper into political turmoil on Tuesday when Parliament rejected President Viktor A. Yushchenko's choice to be prime minister, and the top prosecutor announced that investigators had opened criminal inquiry into allegations of corruption among the president's aides.
By STEVEN LEE MYERS
New York Times, published: September 21, 2005

AZOT SIEGE LIFTED
Yesterday the government representatives left the Severodonetsk Association AZOT CJSC office building that they had occupied since last Friday. In accordance with the Kommersant anticipations, (see issues dated September 5), the Cabinet of Ministers agreed to enter in negotiations with the US IBE Trade Company, which owns 60% of the CJSC shares so as to not complicate the upcoming visit by President Yuschenko of Ukraine to the United States.
KONSTANTIN KRAVCHUK, VLADIMIR LERMINTOV, Lugansk
Kommersant No. 37 of 07.09.2005

Alex Rovt, president of IBE Trade Corp.: "It is in the state's interests to work with us!"
Izvestia: Mr Rovt, what do you think, will you manage to keep Severodonetsk Azot?
Alex Rovt: We are 100% sure that we shall save our joint venture with the state. And we are confident that common sense and law shall triumph at the end of the day. We operate strictly within law. And we are not in breach of any clause in our agreement with the state. We believe that Ukraine is governed by the rule of law, and she has proclaimed it many times.
Interview taken by Sergei Tishin
Izvestia of 31.08.05

"We are sued by Luganskoblenergo, which is a phantom"
President of IBE Trade Corp. Alex Rovt on the gas prices, the prospect of Odessa port plant privatization and the problems of the Severodonetsk Azot:
P.: What do you think of the investment prospects of the chemical sector?
A.R.: In principle, they are good, but there is a problem - volatile gas prices.
Yaroslav Zagreba,
Profil No 33-34(100-101) of 29.08.05

This could never happen in a democratic country!
Today our guest is a legendary figure. Elizabeth Holzman has served a long time as a US congressperson, district attorney, and head of New York Auditing Chamber. At present E. Holzman is world-famous private lawyer. Our correspondent had an exclusive interview with her.
Interview taken by Evgeny Viktorov
"Komsomolskaya Pravda-Ukraina", No 154 (2192/23588) of 27 August 2005

Cry Yanukovich, it's better than to cry stop thief!
Over the last months the national economy has been given a bumpy ride. One of the main factors to upset the economic cart has been the incessant scuffles around the properties seen as the biggest pieces of the national manufacturing pie.
Sergei Salenko
August 26, 2005

Topic-of-the-day interview
The situation around Severodonetskoye Ob
Interview taken by Evgeny Viktorov.
Komsomolskaya Pravda No 153/34 (2191/23587)

Izvestia's Exclusive
Spotlight on the situation around Severodonetskoye Ob
Izvestia-Ukraina, of 26, 27, 28 August 2005

Azot Doesn
"What happens to Azot happens to our children!" "Azot is the future of Severodonetsk!" The slogans with which the factory workers entered the town's main square last Friday did not exaggerate. You have to be familiar with both Azot and Severodonetsk to have an idea of how closely they are connected. In the final analysis, they cannot exist if separated. All the town residents are aware of it. And being aware of it as they are, they cannot help worrying. According to the rally participants, they waited a long time for the politicians to understand their plight and for the authorities to take decisive action. They waited and... got tired of waiting.
Yury TKACHENKO
Komsomolskaya Pravda, No 151 (2189/23585) of 23 August 2005

Alexei Kunchenko: "We put our trust in the President!"
The last months have seen the spotlight put on Severodonetskoye Ob
"Kievsky Telegraf",
19 - 25 August 2005, No 33

Investments
Taken away...
To be replaced with what?
The main victim of reprivatization, the son-in-law of ex-president and mogul Victor Pinchuk, has nothing to complain about: he's not the only one to suffer. In defiance of all logic, and market-conscious logic in particular, the maelstrom unleashed by the Ukrainian government engulfed even a US investor, WORLDWIDE CHEMICAL LLC. The US chemical manufacturers were foolhardy enough to sink $60 million into the Severodonetsk Azot. Exactly the same amount remained to be paid. And money would have been no object, but the investor was taken to court and looks set to be driven from the business premises.
Vitaly KNYAZHANSKY,Den, No 144 (2123), 11 August 2005.

Prosecutor General says Severodonetskoye Ob
Natataliya Nezovibatko,
Ukraina Molodaya, No 140 (2681), August 2, 2005

Go Easy on the Investor!
Despite all the talk about the rewards to be reaped upon arrival of major investors in Ukraine, in practice there is always the fear that the new owner will scale down the production, lay off workers, and maybe go as far as sell off the equipment and siphon off the money through offshore accounts - such examples abound. That is why the people at the Azot plant, which employs one out of every 3 residents of Severodonetsk, offered at first a cautious welcome to US company Worldwide Chemical LLC, a subsidiary of a chemical major, IBE Trade corporation.
Sergei MIRONOV,
Gazeta po-Kievski, No 144 (378), August 1, 2005

US investor of Severodonetsk Azot received President's guarantees
Improving the investment climate in this country is a major task for the authorities, assigned by President Yushchenko. Addressing the local government representatives at a meeting in Donetsk 15 July, he emphasized once again that "an honest and transparent investor must be provided with as comfortable environment as possible". Unfortunately, this is not always the case. The story of the creation of Severodonetskoye Ob
Gennady Nechiporenko,
Den, No 136 (2115), July 30, 2005

Vladimir Gritsishin: "Thanks to the investor and team work, Azot is doing great!"
The situation around the Severodonetsk Azot continues to rivet the public attention. When will the situation, which is anything but simple, be finally settled? Will the US investor stay at Azot? Intensive consultations are currently under way between Ukraine's authorities and the investor, Worldwide Chemical LLC, a subsidiary of IBE Trade, a major US corporation. The situation is commented by Vladimir Gritsishin, Mayor of Severodonetsk.
"Kievsky Telegraf",
No 30, 2005.

AZOT Reprivatization
The government takes over the lodge of the SEVERODONETSK plant
Last Friday the Cabinet of Ministers attempted to establish its control over the production facilities of Severodonetsk Association AZOT CJSC, a major fertilizer producer. The American IBE Trade Corp., which owns 60% of CJSC shares said that the actions by the authorities are illegal, labeled them as
KONSTANTIN KRAVCHUK, VLADIMIR LERMONTOV, Severodonetsk
Kommersant, No. 35 of 09.05.2005

"IBE Trade Corp." PRESIDENT ALEX ROVT:
Each country
Reported by Alexander Boyko,
"Business capital" (in Ukrainian). March 28, 2005
more

Alex ROVT: "WE ARE READY FOR THE DIALOGUE WITH POWER AND SOCIETY!
Known American businessman Alex Rovt, our compatriot, was born in 1952 in small Ukrainian town of Mukachevo, where he studied at school N 5. Later on he graduated from trade-economic institute in Lvov.
Since 1985 Alex Rovt has lived in the USA. He is the president of the world's largest fertilizers manufacturer and seller "IBE Trade Corp." company. Besides Alex Rovt is a well-known philanthropist, who in 2004 was awarded the title of the Man of the Year in Ukrainian nomination
Interview taken by Fyodor SPASSKY,
"Kiev telegraph", March 26, 2005

SITUATION: Investor seeks protection
"IB
Rostislav NAZAROV,

"IBE Trade Corp": investment responsibilities at Ukrainian market.
We have already informed our readers about activities of American "IBE Trade Corp." company (world
Interview taken by Kim Andreev,

"IBE
Industrial-trading holding "IB
Evgeny VIKTOROV,

The state has never had any claims against Severodonetsk Azot, nor does it have any now, says Rovt
President of IBE Trade Corp. Alex Rovt, US citizen of Ukrainian descent, investor of Severodonetskoye Ob
As reported by InfoAzot
August 26, 2005

USA

New York Office
227 East 58th Street, 3rd Floor
New York, NY 10022
Tel: 212-593-3255
Fax: 212-308-3642

President: Alex Rovt, PhD
Chairman of the Board of Directors: Steven Plotnick, Esq. CPA
Attorney, VP of Legal Affairs Irina Benfeld, Esq.
Director, Department of Real Estate and Development Maxwell Rovt
Director, Department of Finance and Accounting David Weisz
Deputy Director, Department of Finance and Accounting Mark Weisz
Accountant, Department of Finance and Accounting Alex Weis
Director, Department of Gas Transportation Sergey Moshak
Director, Export Marketing Department Philip Roth
Import Marketing Department Baza Nikocevic
Department of Fertilizer Sales Vlad Golubchik
Chief of Transportation Department Frank Weis
Security Department David Nanobashvili
Security Department, Cyber Security Division George Melik-Shahnazarian
Executive Assistant to President Bettada Suma
Office Administrator Irina Ponomareva

Hungary

Budapest Office
Angyal u.24, III em,
Budapest, Hungary 1094
Tel: + 36-1-2992090
Fax: + 36-1-2992099

Director:
Ms. Julia Rozsa
Email : office@alfa2000.hu

Russia

Moscow Office
Noviy Arbat street, 21
Moscow, 119019
Russian Federation
Tel: +7 495 697 18 28

Director:
Mr. Terekhin Vitaliy
Email : ibetrade@ibetrade.com

Ukraine, Kiev

Kiev Office
Shevchenko Per. 7/1
Floor 1, Suite 1
Kiev, Ukraine 010001
Tel: +38 044 229 4952
Fax: +38 044 228 39 37

Director:
Mr. Ovcharenko Vyacheslav
Email : etf@etf.com.ua

Ukraine, Odessa

Odessa Office
Grigoryevka-1, Yuzhny port
Tel/Fax +38 0482 593344

Director:
Mr. Korotkov Oleh
Email: okorotkov@ibetrade.yuzhny.com

Ukraine, Uzhgorod

Uzhgorod Office
Termal -Star, Nyzhnje Solotvyno,
Zakarpattia Oblast, Ukraine, 89441
Tel: +380 312 722 904

Director:
Mr. Antalovskiy Yaroslav
Email: termal-star@ukr.net