EuroChem products are sold in more than countries. Just as he was, at the age of 29, named by Forbes Magazine. It is the fourth largest heat producer in the world  . In , Melnichenko, together with Sergei Popov , a former metals trader from Ural, co-founded the MDM Group for industrial investments into three areas: According to media reports, he is one of the main social investors and philanthropists of Russia. Modern terminal was launched in Sillamae Estonia , and Murmansk port was rebuilt.
Just as he was, at the age of 29, named by Forbes Magazine. Career history[ edit ] Banking and investments[ edit ] While at university, Melnichenko began his entrepreneurial ventures opening a currency exchange booth on the campus. In this way, Mr Melnichenko is "giving back" to the country that he believes made him who he is today". When EuroChem was founded, the purchased assets included several nitrogen plants and a phosphate mine with Soviet-era equipment. MDM Bank did not participate in any post-Soviet privatization programs or the loans-for-shares auctions of the s. In , Melnichenko was given a special award for "good deeds" and charity works. From the late s to the early s, MDM Bank expanded through acquisition, integrating seven regional banks. According to media reports, he is one of the main social investors and philanthropists of Russia. The bank moved onto buying currency at the interbank foreign exchange, developing a derivatives market and debt instruments . It acquired laboratories in Germany in , which led to creation of similar facilities in Russia, Ukraine, and other countries, which are working on the development of second-generation fertilizers, including advanced slow-release products that help reduce the environmental footprint of the agricultural sector . EuroChem products are sold in more than countries. It is the fourth largest heat producer in the world  . Having served its consolidating purpose, MDM Group ceased to exist. His companies reportedly employ over 75, people. SUEK assets produce more than million tons of coal annually, with assured coal reserves of 5. One EuroChem fertilizer, Entec 26, became the only such product to be recognized by a carbon exchange foundation in Switzerland, marking the first time that the contribution of advanced fertilizers to reducing agricultural emissions was acknowledged. It produces higher-value specialty fertilizers including inhibitor products that allow slow release of nutrients into crops, and is launching two Russian potash mines planning to produce 8 million metric tons of the fertilizer a year, a 10th of current world output, as well as eyeing an ammonia and urea plant in Louisiana. As of , he owns In , Melnichenko, together with Sergei Popov , a former metals trader from Ural, co-founded the MDM Group for industrial investments into three areas: New modern manufacturing facilities were built in Nevinnomyssk including the first melamine production plant in Russia and Kovdor including an apatite and shtaffelite ores processing complex. In , EuroChem invested in biological crop nutrition company Agrinos to invest in research and development for a new generation of products. It is developing second-generation fertilizers, including advanced slow-release products that help reduce the environmental footprint of the agricultural sector. He then transferred to the Plekhanov Russian University of Economics , from which he graduated in Finance . EuroChem Group has raised funds on the international capital markets. EuroChem bought licenses for potash deposits in Volgograd and Perm , launching plans to develop two large potash industrial plants . The assets that formed SUEK were distressed — production capacity was less than 30 million tons per year, the enterprises employed 70, miners yet productivity was low, and virtually none of its output was exported.
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