Our environmentally safe products help farmers from 100 countries across the inhabited continents to improve their crop quality and yields. We produce 39 grades of phosphate-based fertilizers, ammonia and feed phosphates, along with high-grade phosphate rock boasting 39%+ P₂O₅
PhosAgro includes Apatit in Cherepovets (Vologda Region), its branch offices in Kirovsk (Murmansk Region), Balakovo (Saratov Region) and Volkhov (Leningrad Region), PhosAgro-Region, and Samoilov Scientific Research Institute for Fertilizers and Insectofungicides.
Russia is our priority market consuming more PhosAgro products than any other country.
PhosAgro uses its own deposits containing apatite-nepheline ore of magmatic origin to ensure 100% self-sufficiency when it comes to the production of phosphate rock (apatite concentrate that is extremely rich in P2O5)
Ongoing investments in the upgrade of beneficiation capacities coupled with the implementation of advanced technologies and best practices have helped PhosAgro become one of the world’s leading producers of high-grade apatite concentrate. The recovery rate for the nutrient-rich apatite concentrate comes in at above 94%, while fertilizers made from such phosphate rock rank among the world's safest.
Apaitit’s 90th anniversary celebrations were held in Kirovsk. This anniversary is a landmark in the history of the nearby towns of Kirovsk and Apatity, the entire Murmansk Region and the nation’s mining and chemical industries. Vostochny Mine completed landmark shipment of the second billionth tonne of apatite-nepheline ore produced since the establishment of Apatit (later renamed to Kirovsk Branch of Apatit).
PhosAgro’s Board of Directors established a Sustainable Development Committee, with Irina Bokova, the Company’s independent director and UNESCO Director-General during two four-year terms (2009–2017), selected to become its head. The Committee is expected to facilitate the implementation of initiatives focusing on environmental protection, occupational safety, development of local communities, and large-scale social programmes.
PhosAgro and United Nations Educational, Scientific and Cultural Organisation (UNESCO) agreed to extend their cooperation on the Green Chemistry for Life programme, which provides grants for talented young scientists from all around the world, until the end of 2022. This is the first project to be financed by Russian business in the history of UNESCO and the entire UN. The agreement’s prolongation means that PhosAgro’s contribution to the project from 2013 to 2022 will almost hit USD 2.5 million. Since the very beginning, this initiative has been supported by the Ministry of Foreign Affairs and the Commission of the Russian Federation for UNESCO.
The Company began construction of a new phosphate-based fertilizer production facility and a power plant at Apatit's Volkhov Branch. With an investment of RUB 23 billion, the project is expected to be completed by 2023. The new facility will help increase the Group’s apatite concentrate processing volumes by 1 mtpa and expand the output of phosphate-based fertilizers that offer particularly high margins against the logistic advantages provided by Volkhov Branch of Apatit.
JSC Apatit (Cherepovets) was reorganised following its takeover of Volkhov-based JSC Metachem (since 1 April 2019 – Volkhov Branch of Apatit) and JSC PhosAgro-Trans (Cherepovets). This move, designed to further improve overall efficiency and streamline the management of business processes, let PhosAgro transfer control over its production and logistics assets to a single legal entity.
PhosAgro’s Board of Directors approved the Company’s Development Strategy to 2025. The document focuses on further enhancement of PhosAgro’s presence in its priority market (Russia) and premium export markets, as well as on the strengthening of its role as a producer of environmentally safe phosphate-based fertilizers boasting some of the lowest cash costs in the industry. If successful, the new strategy will help the Company progressively ramp up its capacities to supply farmers from around the world with fertilizers that are uniquely superior in quality and environmental safety.
PhosAgro has become the first privately owned corporation in Russia to reach an agreement with the Russian Academy of Sciences (RAS) on cooperation in fertilizer production innovations. The document will be effective five years. It facilitates joint efforts in the realm of R&D, innovation, information, analytics and expert activities across the Company’s key focus areas.
On his primatial visit to the Diocese of Cherepovets, Kirill, the Patriarch of Moscow and all Russia, led the rite of consecration of the foundation stone at the temple of Great Martyr Catherine located at PhosAgro’s production site in Cherepovets. His Holiness Patriarch also paid a visit to the Group’s production and social facilities, after which he addressed parishioners and the Company’s employees at the Church of Great Martyr Barbara.
The UN Food and Agriculture Organization (FAO) selected PhosAgro to run a global initiative for sustainable soil management. We are the first Russian company in the FAO history to handle such an important assignment. The project will play an essential role in setting up a unified global research and information sharing framework to promote technology and know-how in sustainable land use and agriculture.
For the second time in a row, PhosAgro topped the ranking of mineral fertilizer producers in the CIS in 2018 by Fertilizer Daily, an industry portal.
Andrey Guryev, PhosAgro’s CEO and the President of the Russian Association of Fertilizer Producers, was awarded the Order for Merit to the Fatherland, 2nd class, for his professional accomplishments, active public service, and many years of dedicated work. The relevant Decree No. 513 was signed by the country’s President Vladimir Putin on 10 September 2018.
Andrey Guryev topped the CEO rating in the chemical sector in the first ranking of EM executives in the EMEA by Institutional Investor, an international periodical, in 2018.
Andrey Guryev, PhosAgro's CEO, once again topped the ranking of Top 1,000 Russian managers developed by Kommersant and the Russian Managers Association, coming in first in the Chemical Industry category.
The Deputy Chairman of PhosAgro’s Board of Directors, Andrey G. Guryev, was awarded the Order for Merit to the Fatherland, 4th class, for his great contribution to community projects, charitable activities and public service. The Decree of the President of Russia to this effect was signed on 24 January 2018.
PhosAgro, the Russian Direct Investment Fund and India Potash Limited (IPL), India’s leading importer of mineral fertilizers, signed an agreement on cooperation in the mineral fertilizer sector. IPL expressed its desire to buy up to 2 mt of PhosAgro’s high-quality mineral fertilizers (DAP and NPK with various nutrient content) for the Indian market in 2019–2021. The total value of the deal stands nearly at USD 1 billion.
PhosAgro opened a regional office in Vladivostok (Russia’s Far East). Going forward, the office will stockpile mineral fertilizers in the region to gear up for the field application period, including by developing regional infrastructure.
PhosAgro’s office in Buenos Aires, Argentina, was put into operation. This is our second office in Latin America: the first one was opened several years ago in São Paulo, Brazil.
PhosAgro Group won Grand Prix in the Leaders of Russian Business: Dynamics and Responsibility 2016 nationwide contest. The award ceremony was held during a meeting of the Russian Union of Industrialists and Entrepreneurs as part of the Russian Business Week, which Russia’s President Vladimir Putin attended.
PhosAgro established Mining and Chemical Engineering (MCE), a design and research unit.
PhosAgro made the US edition of Forbes’ first ranking of the World’s Best Employers. Coming in 468th, it became one of the four Russian Top 500 companies. The World’s Best Employers ranking was created based on Global 2000 – the annual list of the world’s largest public companies put together by Forbes.
Andrey Guryev, PhosAgro's CEO, once again topped the ranking of Top 1,000 Russian managers developed by Kommersant and the Russian Managers Association, coming No. 1 in the Chemical Industry nomination.
The Company launched a new production facility, including the third hi-tech ammonia line and a new granulated urea unit with a capacity of 760 ktpa and 500 ktpa, respectively. It helped us boost output of mineral fertilizers, expand sales markets and curb feedstock import. Following the launch of the new urea unit and upgrades to the two existing urea units in 2017, Apatit took the lead in urea output in Russia at a single production facility. The total investment in this project exceeded RUB 65 billion making it the Company’s biggest project ever.
During the Year of Ecology in Russia, new biological and chemical wastewater treatment facilities were put into commercial operation at PhosAgro Cherepovets. With this advanced technology in place, wastewater is no longer discharged into water bodies, and the treated wastewater is reused in the production cycle. The new treatment facilities fully meet the best available technology requirements.
PhosAgro re-registered Apatit in the town of Cherepovets, Vologda region. The plant had been previously registered in Kirovsk, Murmansk region, where the Kirovsk branch of Apatit has been established.
Andrey Guryev, PhosAgro's CEO, topped the ranking of Top 1,000 Russian managers developed by Kommersant and the Russian Managers Association, coming in the first place in the Chemical Industry nomination.
PhosAgro changed its legal form from an open joint stock company (JSC) to a public joint stock company (PJSC).
In a bid to support the hi-tech healthcare sector, PhosAgro and the Bakulev Centre for Cardiovascular Surgery entered into an agreement focusing on emergency surgery for children who are in urgent need of medical aid but do not qualify for government-sponsored treatment. In addition, as part of the agreement the Bakulev Centre will provide medical screening services for the Company’s employees and local communities.
PhosAgro CEO Andrey Guryev was appointed President of the Russian Fertilizer Producers Association (RFPA) and re-elected Vice President of the International Fertilizer Association (IFA) for Eastern Europe and Central Asia.
MSCI included PhosAgro’s global depositary receipts (GDRs) in the MSCI Russia and MSCI Emerging Markets indexes. PhosAgro was the first company to be added to the MSCI Russia index in two years.
PhosAgro won the Russian Business Leaders: Dynamics and Responsibility contest organised by the Russian Union of Industrialists and Entrepreneurs (RUIE) in the Dynamic Business Development category. The competition has been held by the RUIE since 1997. The Dynamic Business Development category was included for the first time this year.
PhosAgro raised a long-term loan from UniCredit Bank Czech Republic and Slovakia for EUR 73.4 million to build a urea production facility in the Vologda Region. The loan matures in 12 years and is insured by EGAP, a Czech state-owned insurer. As access to long-term financing is limited, the Company once again confirmed its status as a first-class borrower.
PhosAgro and Orica, an Australia-based explosives manufacturer, signed a 10-year contract for drilling and blasting at Apatit’s open pits and an agreement for the supply of emulsion explosives for underground mining. The value of the drilling and blasting contract totalled RUB 12.5 billion (net of VAT).
PhosAgro merged its wholly owned subsidiaries Agro-Cherepovets, PhosAgro AG and Nordic Rus Holding into PhosAgro-Cherepovets. All rights and obligations of the merged entities were transferred to PhosAgro-Cherepovets. The purpose was to boost the efficiency of PhosAgro subsidiaries by eliminating overlaps and to leverage the strengths arising from the vertically integrated business model.
UNESCO, the International Union of Pure and Applied Chemistry (IUPAC) and PhosAgro provided first grants in the Green Chemistry for Life project for research in the field of environment and human health. Financial support is granted to young researchers developing and looking for applications for new technologies based on the green chemistry principles in order to resolve issues of environmental protection, human health, and food supply.
PhosAgro merged Balakovo Mineral Fertilizers into Apatit. This merger helped to optimise management processes and eliminate certain administrative overlaps, and to streamline the subsidiaries’ procurement by centralising and combining their applications.
PhosAgro Group signed a direct loan agreement with the Japan Bank for International Cooperation for a total of USD 440.6 million, backed by Nippon Export and Investment Insurance (NEXI). The funds were used to finance the construction of a new sophisticated ammonia production line of 760 ktpa in the Vologda Region.
PhosAgro Group incorporated a trader in Singapore to sell mineral fertilizers. The new office enabled the Company to focus on the marketing and sales of PhosAgro products throughout Asia: from Pakistan to Japan, including Australia and the Asia-Pacific, as well as Africa.
UNESCO and PhosAgro signed a partnership agreement to establish a grant programme supporting promising projects by young researchers as part of the joint Green Chemistry for Life project. PhosAgro’s investments in the project are expected to total USD 1.4 million over five years (can be extended).
PhosAgro and an international consortium led by Mitsubishi Heavy Industries, Ltd. (Japan) entered into a contract to build a new energy-efficient ammonia production facility in the Vologda Region. The third ammonia line of 2,200 tpd (760 ktpa) at the PhosAgro-Cherepovets site was one of the key projects in PhosAgro’s long-term upgrade and development strategy.
In 2012, PhosAgro Group’s fertilizer production grew by 8.6%, hitting an all-time high of 5.4 mt, and sales rose by 7.8% to record-breaking 5.3 mt. Sales of phosphate-based fertilizers and feed phosphates (excluding intra-group sales) grew by 4.5% y-o-y, while production increased by 5.7%.
PhosAgro successfully placed its debut issue of 5-year Eurobonds in the amount of 500 million US dollars at a rate of 4.204% per annum.
PhosAgro and Prayon Group (Belgium) signed a memorandum of understanding on the transfer of technology for extracting rare-earth elements from phosphogypsum, a by-product of the phosphoric acid manufacturing process based on the processing of apatite concentrate.
Metachem came under the control of PhosAgro AG.
PhosAgro Group and UC RUSAL signed a cooperation agreement for the supply of fluoric salts until 2034.
PhosAgro completed the reorganisation by merging two of its subsidiaries – OJSC Ammophos and OJSC Cherepovetsky Azot – to create OJSC PhosAgro-Cherepovets.
PhosAgro won a tender to buy 26.67% of Apatit’s ordinary shares (ca. 20% of the authorised capital) held by the Russian Government after bidding the highest price (RUB 11.11 billion).
PhosAgro launched the first full-cycle urea production unit in the modern Russian history. The new production and energy generation site consisted of a 500 ktpa urea production facility and a 32 MW gas turbine power plant.
Big Wood Ski Resort was established with the support of PhosAgro Group, was recognised as the best resort in Russia and twice recognised as the best snowboard park.
As part of its vertical integration strategy, PhosAgro Group acquired 24% in Metachem and 21% in Pikalevskaya Soda. PhosAgro, the St Petersburg Mining Institute and FLSmidth (Denmark) signed an agreement on technological and project cooperation to upgrade the Pikalevo manufacturing facility.
PhosAgro completed an initial public offering on the London Stock Exchange (LSE). The proceeds totalled USD 565 million (including greenshoe option). Ever since then, PhosAgro’s shares have been traded on the Moscow Exchange, while its GDRs are listed on the LSE.
PhosAgro and Sberbank signed a cooperation agreement.
PhosAgro launched a new S-650 sulphuric acid unit and a 25 MW turbine generator at Balakovo Mineral Fertilizers.
PhosAgro kicked off the construction of a new urea production facility and a gas-turbine power plant in Cherepovets.
PhosAgro kicked off the construction of a new urea production facility and a gas-turbine power plant in Cherepovets.
Balakovo Mineral Fertilizers became the first Russian company to be certified with the European GMP+ quality assurance standard.
Ammophos and Balakovo Mineral Fertilizers completed the key stages of the retrofit programmes.
PhosAgro signed a three-year DAP supply contract with India for a total amount of USD 1.5 billion, while also becoming the first foreign producer to sign a one-year contract with India to supply complex mineral fertilizers (NPK).
Apatit launched a corporate information system based on Oracle® Е-Business Suite. This was the largest project of this kind industry-wide in Russia. In 2010, two more companies were connected to the platform: Ammophos and Cherepovetsky Azot, while Balakovo Mineral Fertilizers joined in 2011.
Agro-Cherepovets (urea producer) was integrated into PhosAgro Group.
Balakovo Mineral Fertilizers launched its second feed monocalcium phosphate line.
PhosAgro co-initiated mineral fertilizer trading on an exchange market in Russia. The Company sold 254 kt of fertilizer on the Moscow Stock Exchange in 2007 and entered into contracts to supply more than 500 kt in 2008.
PhosAgro started registering its products according to the EU’s Registration, Evaluation, Authorisation and Restriction of Chemicals (REACH) regulation.
Voskresensk Mineral Fertilizers was spun off from PhosAgro Group.
Balakovo Mineral Fertilizers launched a technical retrofit programme set to boost output and expand its product portfolio.
PhosAgro Group developed and adopted the first energy efficiency programme.
As part of the vertical integration initiative, Cherepovetsky Azot connected with Ammophos process-wise became part of PhosAgro Group.
PhosAgro started disclosing financial statements under IFRS.
Ammophos kicked off an upgrade programme to create flexible production lines enabling quick switches between different fertilizers in response to changes in market demand, to maximize output of phosphate-based fertilizers, and to enhance energy security.
PhosAgro-Trans, a transport and logistics company, was established and is controlled by PhosAgro AG starting April 2003. Ammophos, one of the most advanced phosphate-based fertilizer producers in Russia, was incorporated into PhosAgro Group.
The PhosAgro holding company and the PhosAgro AG management company were established, the latter of which assumed the responsibility for managing ongoing production and business activities and developing the production capacities of the recently acquired Apatit, Voskresensk Mineral Fertilizers and Balakovo Mineral Fertilizers. Samoilov Scientific Research Institute for Fertilizers and Insectofungicides (NIUIF) focusing on R&D of mineral fertilizers, salts and acids, also became part of the holding company.
PhosAgro became the general partner of the DROZD – Educated and Healthy Children of Russia non-profit partnership.
PhosAgro's high-performance and environmentally safe products are marketed across all inhabited continents. Sales to more than 100 countries in Europe, Asia, Africa and the Americas are carried out via a network of trading offices operating across the world’s major fertilizer markets.
Relying on its flexible production and sales models, PhosAgro readily meets demand for environmentally friendly and safe fertilizers from farmers around the world. The Company has its own sales offices in Germany, France, Switzerland, Serbia, Poland, Lithuania, Cyprus, Brazil, Argentina and Singapore and leverages them to better understand and address the needs of its end consumers.
90% share of direct
sales in 2018
PhosAgro Group is the largest supplier of all types of fertilizers in the Russian market. It operates mining and processing assets in the Murmansk, Vologda, Saratov and Leningrad regions and boasts its own logistics infrastructure, including two port terminals, along with Russia’s biggest distribution network for mineral fertilizers and feed phosphates. PhosAgro runs Russia’s only Research Institute for Mineral Fertilizers and Insectofungicides – NIUIF – the pioneer behind the country’s solid phosphate resource base and its mineral fertilizer industry. In 2019, NIUIF celebrates its 100th anniversary.