Moscow — PhosAgro on Feb. 16 said its top priority for 2016 is to move ahead with new production capacities and modernization plans for existing facilities. Investment projects include construction of a new, high-tech ammonia production facility with an annual capacity of 760,000 mt, a new 500,000 mt/y granulated urea line, and overhaul of existing urea and phosphate-based fertilizer capacities at PhosAgro-Cherepovets, all of which are due to be completed in 2017. The company will also focus on developing its upstream capacities at Apatit, including increases to mining capacities at the Kirovskiy and Rasumchorrskiy mines, as well as completing the modernization of ANOF-3, which will increase phosphate rock production capacity and add nepheline concentrate production capacity. These projects are due to be completed by 2017. PhosAgro said it was able to increase fertilizer production in 2015 by 630,000 mt, to 7 million mt. It expects to be able to grow production another five percent going forward. “We have increased sales volumes to premium markets, while in parallel strengthening our position as the top fertilizer supplier to Russian farmers,” said CEO Andrey Guryev. “Over the past three years our domestic sales have grown by more than one third, to 1.63 million mt of fertilizers and feed phosphates. We have increased quality and range of fertilizers we sell, and we have also expanded the selection of services we offer regarding proper application of mineral fertilizers, their storage and delivery to end customers.”
Transparency Across the Fertilizer Value-Chain