PhosAgro Delegation Takes Part in Russian-British Business Forum

Innovative solutions in the production of mineral fertilizers are supported by the only research institute on fertilizers and insectofungicides in the industry in Russia, the Y V Samoilov Research Institute for Insectofungicides and Mineral Fertilizers, a subsidiary of PhosAgro, which will celebrate its 100th anniversary next year. This institute was founded with the mission of creating a robust phosphate feedstock and mineral fertilizer production capabilities in Russia.

PhosAgro also works with leading international agricultural research organisations to help farmers increase crop yields through the proper use of fertilizers. Recently, during a large-scale experiment with the International Plant Nutrition Institute in the Vologda Region, high-precision fertilizer application techniques were used to achieve an impressive 30% increase in yield, while the number of harvests per year increased from three to four.

Over the past five years, more than RUB 150 billion (USD 2.5 billion) has been invested in R&D and the development of PhosAgro as a whole, i.e., which represents at least 50% of EBITDA.  

Together with UNESCO, PhosAgro promotes scientific and applied research in the field of green chemistry, thus contributing to higher production efficiency and environmental conservation, while involving young scientists from around the world.

Commenting on the possibility of increasing the volume of high-tech, non-resource exports based on the example of PhosAgro's supply of fertilizers to the United Kingdom, Andrey Guryev noted that the Company is constantly analysing potential opportunities that will make PhosAgro's safe and pure fertilizers more accessible to local farmers producing products for British and other European buyers. "PhosAgro's annual supply of fertilizers to the UK varies in the range of 60,000 to 110,000 tonnes, which accounts for less than 10% of the country's imports of phosphate-based fertilizers, and we see significant growth potential," said Andrey Guryev, stressing that the removal of the EU's 6.5% customs tariff on fertilizers from Russia would contribute to this.

About the Company 

PhosAgro is one of the world's leading vertically integrated phosphate-based fertilizer producers in terms of production volumes of phosphate-based fertilizers and high-grade phosphate rock with a P₂O₅ content of 39% and higher.

The Company is the largest phosphate-based fertilizer producer in Europe (by total combined capacity for DAP/MAP/NP/NPK/NPS), the largest producer of high-grade phosphate rock with a P₂O₅ content of 39%, a top-three producer of MAP/DAP globally, one of the leading producers of feed phosphates (MCP) in Europe, and the only producer in Russia, and Russia's only producer of nepheline concentrate (according to the RAFP).

PhosAgro's main products include phosphate rock, 39 grades of fertilizers, feed phosphates, ammonia, and sodium tripolyphosphate, which are used by customers in 100 countries spanning all of the world's inhabited continents. The Company's priority markets outside of Russia and the CIS are Latin America, Europe and Asia.

PhosAgro's shares are traded on the Moscow Exchange, and Global Depositary Receipts (GDRs) for shares trade on the London Stock Exchange (under the ticker PHOR). Since 1 June 2016, the Company's GDRs have been included in the MSCI Russia and MSCI Emerging Markets indexes.

More information about PhosAgro can be found on the website: http://www.phosagro.ru .

SOURCE PhosAgro