PhosAgro ao

Regulatory Filings • Dec 4, 2023

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author: Кузеванов Иван Сергеевич
date: 2023-12-04 07:52:00+00:00

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PhosAgro’s Phosphoric Acid Production Surpasses 3 Million Tonnes for First Time in History

Moscow – PhosAgro’s phosphoric acid production surpasses 3 million tonnes for the first time in history, announced the CEO, Mikhail Rybnikov, at a meeting on the Company’s production and business operations.

In the first 11 months of 2023, PhosAgro produced 3.063 million tonnes of phosphoric acid, the main feedstock for the production of phosphate-based agrochemicals, a 5.3% increase year-on-year.

Sulphuric acid production increased by nearly 3% over the same period, thanks to measures to increase the self-sufficiency of production sites. Output of mineral fertilizers as well as of feed and technical-grade phosphates increased by 2.2% year-on-year.

PhosAgro’s CEO said: “We have been carrying out large-scale repairs at our phosphoric and sulphuric acid plants in the fourth quarter; at the same time, we have continued increasing our production of raw materials and agrochemical products.

“We plan to further expand our agrochemical production by 1.4 million tonnes in 2026 compared with our expected 2023 output. We are going to make this possible by developing our phosphoric and sulphuric acid production facilities, increasing their output by 7% in 2026 compared with 2023.”

About the Company

PhosAgro (www.phosagro.ru) is a vertically integrated Russian company and one of the world’s leading producers of mineral phosphorous fertilizers and of high-grade apatite concentrate grading 39% P2O5 and higher. PhosAgro’s high-performance fertilizers produce crops with advanced features.

PhosAgro Group is the largest manufacturer of phosphate-based fertilisers in Europe (by total capacity of DAP/MAP/NP/NPK/NPS production), the largest producer of phosphite grading 39% P2O5 in the world and one of the leading global producers of ammonium and diammonium phosphate, one of Europe’s leading and the only producer in Russia of monocalcium phosphate feed (MCP), and the only producer in Russia of nepheline concentrate.

The company’s main products, including phosphite, 57 grades of fertilizer, phosphate feed, ammonium, and sodium tripolyphosphate, are used in around 100 countries on all inhabited continents. Our priority markets, besides Russia and the CIS, are Latin America, Europe, and Asia.

The company's shares are listed on the Moscow Exchange and its Global Depositary Receipts (GDRs) are listed on the London Stock Exchange (MOEX and LSE ticker: PHOR).

More information about PhosAgro PJSC can be found on our site: www.phosagro.ru