Joint-stock company “Lifosa”
I will start from the history of the founding joint-stock company “Lifosa”. The ideas and intentions to build a large superphosphate plant in Lithuania emerged as early as in the strategy plans of 1952; however, the implementation of these plans began only in March 1959, in the geographical center of Lithuania, Kėdainiai, when “The Directorate of Kėdainiai Superphosphate Plant” started to organize construction and manufacturing activities. Actually, joint-stock company “Lifosa” is situated in Kėdainiai, it is a phosphate industry company baased in Kėdainiai, Lithuania. Starting business in 1952 as a state-owned enterprise of the Lithuanian SSR, it was privatized in 1996. From 2002, the controlling interest in Lifosa is owned by Russian company EuroChem, which is the main supplier of raw materials to Lifosa. In 2006, Lifosa received 37.22 million litas net profit. What is more, a separate railway branch to the chemical plant, the length of which in the territory of the Company is 18 km, brings the raw materials and transports the major part off the Company’s production. The Company occupies the area of 292 hectares. What do they produce? The basic product manufactured at AB “Lifosa” is the nitrogen-phosphorus fertilizer Diammonium Phosphate (DAP), the process of which requires phosphoric acid and sulphuric acid, which ar
Since the year 2000, the process heat released during the sulphuric acid production process is further beneficially utilized to heat the local and Kėdainiai city objects. With the help of special steel pipe heeat exchangers, the heat released by sulphuric acid heats the water up to 900 C. The heated water is provided to Kėdainiai city heating plant and is further used to heat the dwelling-houses. Indeed, in 2007, the Company installed the HRS (Heat Recovery System) and utilizes surplus heat sources to produce about 250 million kWh of electricity, 50 million kWh of which are provided to the electric power network of the country.
The mission of this company is to help the world grow the food, fe
As this company is very big, so it has over 22,000 employees. Few words about the governance structure of the company. The company’s highest-ranking governance body is the General Shareholders Meeting (GM). The Board of Directors reports directly to the GM. The primary focus of the Board itself is company strategy; it oversees strategy implementation and setting out the company’s investment policy. Reflecting the requirements of Russian law, the Board of Directors is elected annually by the GM for a term of one year. The Board of Directors appoints the General Director and the members of the Management Board an