BEIJING, November 16, 2018
BEIJING, November 16, 2018 /PRNewswire/ --
PhosAgro ("PhosAgro" or "the Company") (Moscow Exchange, LSE: PHOR), one of the world's leading vertically integrated phosphate-based fertilizer producers, has received the IFA SHE Excellence Gold Medal from the International Fertilizer Association (IFA) for its health, safety and environment practices.
This award confirms the full compliance of PhosAgro's Cherepovets production site, the Company's largest production asset, with IFA standards in the areas of rational use of natural resources, environmental protection and workplace safety.
The award was presented to PhosAgro Deputy CEO Siroj Loikov by Rakesh Kapur, the chairman of the International Fertilizer Association, at the IFA Strategic Forum in Beijing.
PhosAgro CEO Andrey Guryev commented on the award: "At PhosAgro health, safety and the environment are among our strategic priorities. I am grateful to each member of the PhosAgro team for their contribution to achieving such excellent results, for their responsible attitude towards contributing to the common good and for the opportunity to accept this significant reward on all our behalf.
"Over the past five years, PhosAgro has invested over RUB 150 billion into its production capacities using the best available technologies. Last year in Cherepovets we began to ramp up Russia's the newest and largest ammonia and granulated urea production facilities. We will continue to invest in PhosAgro's organic growth, working both to improve internal quality standards and the environmental safety of our products, and to ensure the highest level of safety for PhosAgro employees. I am confident that the example set by PhosAgro in the area of enhancing its production capacities will contribute to the sustainable development of the global and domestic mineral fertilizer sectors."
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: www.phosagro.ru.