Compile booklet
 
Share link
 

History

2001–
2003
  • The PhosAgro holding company was established along with the PhosAgro AG management company, which assumed the management of current production and business activities and developed the production capacities of recently acquired Apatit, Voskresensk Mineral Fertilisers and Balakovo Mineral Fertilisers. The Company also included the longest-established institute, the Scientific Research Institute for Fertilisers and Insectofungicide, which specialises in research and development in the phosphate-based fertiliser industry. In 2002 PhosAgro-Trans, a transport and logistics company, was established. Since April 2003 it has been under the management of PhosAgro AG. Subsequently, Ammophos, one of the most advanced phosphate-based fertiliser producers in Russia, was incorporated into PhosAgro (at the time the enterprise accounted for approximately one third of the production of such fertilisers in Russia).
  • Ammophos started implementing a modernisation programme aimed at creating flexible production lines, thereby making it possible to make the transition between different fertilisers at short notice in response to changes to market demand, maximise production of phosphate-based fertilisers and increase the enterprise’s energy independence. 
  • Since 2001 PhosAgro has been the general partner of the Non-Profit Partnership DROZD - Educated and Healthy Children of Russia.
2004

  • As part of the vertical integration initiative, Cherepovetsky Azot, part of a single technological chain with Ammophos, is incorporated in PhosAgro. To strengthen integration they serve as the basis for the establishment of the Cherepovets branch of PhosAgro AG management company
  • PhosAgro starts preparing financial statements in accordance with IFRS
  • The first programme for raising PhosAgro’s energy efficiency is developed and adopted

2005
  • PhosAgro supplies 1 million tonnes of mineral fertilisers through its own sales and distribution network, PhosAgro-Region, to consumers in Russia and the CIS and becomes the undisputed leader in its domestic market.
2006
  • Balakovo Mineral Fertilisers launches a technical upgrade programme of its production capacities aimed at increasing output and expanding the product range
  • Voskresensk Mineral Fertilisers is spun off from PhosAgro

2007
  • PhosAgro starts registering its products pursuant to the requirements of the European Union Regulation REACH (Registration, Evaluation, Authorisation and Restriction of Chemicals)
  • PhosAgro pioneers the introduction of mineral fertiliser exchange trading in Russia. In the same year the Company sells 254,000 tonnes of fertiliser on the Moscow Stock Exchange. The following year the figure rises to more than 500,000 tonnes. PhosAgro sees exchange sales and open auctions not only as a convenient mechanism for conducting transactions, but also as a way to increase the transparency and reliability of supply contracts, eliminate middlemen and thereby make mineral fertilisers more affordable for the end consumer

2008
  • Agro-Cherepovets (urea production) is incorporated in PhosAgro
  • Balakovo Mineral Fertilisers launches its second feed monocalcium phosphate production line
  • Apatit launches a corporate information system based on the Oracle® Е-Business Suite. This is the largest project of its kind in the industry in Russia. By 2010 two more enterprises are simultaneously connected to the platform  - Ammophos and Cherepovetsky Azot. Balakovo Mineral Fertilisers joins them in 2011

2009
  • After the commissioning of its fourth production line, Ammophos becomes Europe’s largest sulphuric acid producer
2010
  • PhosAgro concludes a USD 1.5 billion three-year contract for the supply of diammonium phosphate (DAP) to India, and also becomes the world’s first company to sign an annual contract with India for the supply of compound mineral fertilisers (NPK) 
  • The main implementation stages of the technical upgrade programmes at Ammophos and Balakovo Mineral Fertilisers are completed 
  • Balakovo Mineral Fertilisers becomes the first enterprise in Russia to be certified compliant with the European GMP+ quality control standard for feed materials
  • PhosAgro launches the construction of new urea production facilities and gas-turbine thermal power plants in Cherepovets
  • PhosAgro commissions a new sulphuric acid unit S-650 and a 25MW turbine generator at Balakovo Mineral Fertilisers

2011
  • PhosAgro’s IPO on the London Stock Exchange (LSE) raises USD 565 million (including overallotment option). PhosAgro’s shares are traded on the Moscow Stock Exchange, while its global depositary receipts (GDRs) are admitted for trading on the LSE
  • As part of its vertical integration strategy PhosAgro acquires 24% of the shares of Metachem and 21% of the shares of Pikalevskaya Soda
  • PhosAgro, the St. Petersburg State Mining Institute and the Danish company FLSmidth sign an agreement on technological and project cooperation to upgrade the Pikalevo manufacturing complex
  • PhosAgro participates in the settlement of the dispute between the participants of Nordic Rus Holding, which owns 7.73% of the share capital of Apatit (10.30% of the ordinary shares). As a result of the settlement agreement between Acron and Yara International ASA, Phosint Limited, which is affiliated with PhosAgro, becomes the owner of 51% of the shares of Nordic Rus Holding
  • PhosAgro and Sberbank of Russia conclude a cooperation agreement
  • The Big Wood ski complex, established with the support of PhosAgro and Apatit, is recognised as the best snowboard park and resort in Russia 

2012
  • PhosAgro wins the tender for the disposal of the Russian Government’s 26.67% of the ordinary shares of Apatit (approximately 20% of the share capital) after offering the best price of all tender participants - RUB 11.11 billion
  • PhosAgro acquires 24% of the shares of Nordic Rus Holding, which owns 7.73% of the share capital of Apatit (10.30% of ordinary shares), for a consideration of USD 31.76 million
  • PhosAgro commissions the first full-cycle urea production complex to be constructed in recent Russian history. The integrated urea production and power generation complex combines the production of 500,000 tonnes of urea a year and a 32MW gas turbine power plant
  • PhosAgro completes the merger of subsidiaries Ammophos and Cherepovetsky Azot, resulting in the establishment of PhosAgro-Cherepovets
  • PhosAgro and UC RusAl conclude a long-term cooperation agreement on fluoric salts supplies until 2034
  • Metachem is placed under the management of PhosAgro AG 
  • PhosAgro establishes the Mining Chemical Engineering project centre
  • PhosAgro and the Belgian company Prayon sign a cooperation memorandum, providing PhosAgro with access to technologies developed by Prayon for the extraction of rare earth elements contained in the phosphogypsum formed from phosphate rock during the production of phosphoric acids

2013
  • PhosAgro Places Debut USD 500 mln 5-year Eurobond at 4.204%%;

  • Total fertilizer production and sales PhosAgro in FY 2012 grew 8.6% a record 5.4 million tonnes and 7.8% to an all-time high of 5.3 million tonnes, respectively. The Company increased phosphate-based fertilizer sales volumes (excluding intra-group sales) for FY 2012 by 4.5% y-o-y in 2012, while production of phosphate-based fertilizers for the same period increased by 5.7% y-o-y; 

  • PhosAgro and an international consortium headed by Mitsubishi Heavy Industries Ltd of Japan  signed a contract to build a new energy efficient ammonia production facility in the Vologda Region. The construction of a third ammonia production line with a capacity of 2,200 tonnes per day (760 ths tonnes per year) at PhosAgro-Cherepovets is a key part of PhosAgro's long-term modernisation and development strategy.

  • UNESCO and PhosAgro signed a partnership agreement to establish a grants programme for supporting promising projects put forward by young scientists as part of the joint Green Chemistry for Life project. The total amount of funding provided by PhosAgro for the Green Chemistry for Life project over five years is USD 1,400,000. The project may also be extended.

  • PhosAgro completed the consolidation of 100% of Apatit. The consolidation of core mining assets is a major step in PhosAgro's strategy of organic growth. The consolidation should build shareholder value.

  • PhosAgro sets up a trading division in Singapore for sales of mineral fertilisers. The new sales and trading division will focus on marketing and sales of PhosAgro products in countries of the Asia region from Pakistan to Japan, including Australia and the Asia-Pacific region, as well as in African countries.
2014
  • PhosAgro signed a direct USD 440.6 million loan agreement with the Japan Bank for International Cooperation (JBIC), backed by Nippon Export and Investment Insurance (NEXI). The proceeds will be used for construction of a new high-tech ammonia production line with a capacity of 760 thousand tonnes per year at PhosAgro-Cherepovets in the Vologda region.
  • On 1 May 2014 Phosagro completed the reorganisation of two if its subsidiaries by merging CJSC Balakovo Mineral Fertilizers (“BMU”) into OJSC Apatit. The merger of BMU into Apatit will help to optimise management processes and eliminate certain duplicate administrative functions, as well as to lower costs through centralised purchasing and economies of scale with regards to orders of goods and services.
  • PhosAgro joined the International Plant Nutrition Institute (IPNI) as an Ordinary Member. The cooperation between IPNI and PhosAgro will give an opportunity to find effective mechanisms for solving issues related to global food security, and will support the long-term, sustainable development of our industry.
  • Were awarded to young scientists from around the world the first grants under a green chemistry programme launched by UNESCO, the International Union of Pure and Applied Chemistry (“IUPAC”) and PhosAgro to support research in the areas of environmental protection and human health. The project provides financial support to promising young scientists from around the world who are working on developing and finding applications for new technologies based on the principles of green chemistry in order to resolve issues related to environmental protection and human health, food supply and use of environmental resources.
  • PhosAgro merged its wholly-owned subsidiaries Agro-Cherepovets, PhosAgro AG and Nordic Rus Holding into PhosAgro-Cherepovets in order to achieve greater efficiency by eliminating duplicating functions, as well as to strengthen its vertically integrated phosphate-based fertilizer production business.  All rights and obligations of the merged entities have been transferred to PhosAgro-Cherepovets.
2015
  • PhosAgro has raised its debut pre-export financing with a syndicate of international banks. Société Générale, PJSC Rosbank, and UniCredit Bank Austria AG acted as Coordinating Mandated Lead Arrangers, while АО UniCredit Bank and PJSC Rosbank acted as Passport Banks.
  • PhosAgro and Australian-based global mining services corporation, Orica, signed a 10-year contract for drilling and blasting works in the open-cut sites of PhosAgro subsidiary Apatit, and the supply of emulsion explosives for underground mining. The contract is effective from June 2015 to December 2025, and is valued at RUB 12.5 billion(excl. VAT) for drilling and blasting works.
2016
  • PhosAgro won the Dynamic Business Development award at the 2016 Russian Business Leaders: Dynamics and Responsibility contest. The competition is organised by the Russian Union of Industrialists and Entrepreneurs (RUIE) and has been held annually since 1997. 2016 was the first year when the Dynamic Business Development award was handed out.
  • MSCI included PhosAgro’s Global Depository Receipts ("GDRs") into 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 CEO Andrey Guryev began his duties as President of the Russian Association of Fertilizer Producers (RAFP) and was re-elected as Vice President for Eastern Europe and Central Asia of the International Fertiliser Association (IFA).
  • PhosAgro and the Bakulev Scientific Centre of Cardiovascular Surgery entered into an agreement to cooperate in the field of high-tech medical care. In particular, this includes carrying out emergency operations for children who are in need of help, but cannot afford medical services. In addition, experts from the Bakulev Center will conduct regular check-ups for employees in cities where PhosAgro operates.
  • PhosAgro changed its legal entity name from Open Joint Stock Company (“OJSC”) to Public Joint Stock Company (“PJSC”).
  • Patriarch Kirill of Moscow and all Rus’ led the order of consecration of the founding stone of the temple of the Great Martyr Saint Barbara in Kirovsk and presented PhosAgro with the order of Holy Prince Daniel of Moscow, 1st class.
  • Andrey Guryev, CEO of PhosAgro, topped the Kommersant and Russian Managers Association “Top 1000 Managers in Russia” rating in the Chemistry Industry category.

2017
  • PhosAgro won the Grand Prix at the ‘Leaders of Russian Business: Dynamics and Responsibility 2016’ nationwide contest. The awards ceremony was held today, 16 March 2017, at meeting of the Russian Union of Industrialists and Entrepreneurs as part of Russian Business Week.
  • PhosAgro re-registered JSC “Apatit” in Cherepovets, Vologda region. The company was previously registered in the city of Kirovsk, Murmansk region, where the Kirovsk branch of JSC “Apatit” has now been established.
  • As part of the all-Russian Year of Ecology agenda, JSC “PhosAgro-Cherepovets” launched its new bio-chemical wastewater treatment facilities. Modern technologies enable the Company to completely exclude the risk of the wastewater contaminating water bodies, instead the treated wastewater is returned to the production cycle of JSC “PhosAgro-Cherepovets”. New sewage treatment facilities are fully in line with the best available techniques.
  • Andrey Guryev, CEO of PhosAgro, once again topped the Kommersant and Russian Managers Association “Top 1,000 Managers in Russia” rating in the Chemistry Industry category.
  • PhosAgro, for the first time in the history of the Forbes rating, ranked among the best employers in the world, becoming one of four Russian companies in the TOP 500, taking 468th place. The World's Best Employers rating was formed on the basis of the Forbes Global 2,000, a list of the world's largest public companies, compiled annually by the magazine.
  • PhosAgro has become the leader of the Vedomosti rating for the pace of productivity growth over the last 5 years. The study on labor productivity (annual output in monetary terms per employee) evaluated the 55 largest Russian companies in terms of revenue on the basis of consolidated IFRS statements.
2018
  • Andrey Guryev, PhosAgro’s CEO and the President of the Russian Fertilizer Producers Association, was awarded the Order for Merit to the Fatherland, second class. The state honour was awarded for Mr Guryev’s professional accomplishments, community activities and many years of dedicated work. The corresponding Decree No 513 was signed by Russian President Vladimir Putin on 10 September 2018.
  • In 2018, Andrey Guryev was named the top CEO in the chemical sector in Institutional Investor’s first ranking of executives from developing countries in the EMEA region (Europe, the Middle East and Africa).
  • PhosAgro CEO Andrey Guryev was once again listed as the top manager in the chemical industry in the Top 1,000 Russian Managers joint rating published by Kommersant and the Association of Managers.
  • The Deputy Chairman of PhosAgro’s Board of Directors, Andrey G. Guryev, was awarded the Order for Merit to the Fatherland, fourth class. The state honour was awarded for Mr Guryev’s outstanding contribution to the implementation of social projects and his charitable activities and public service. The corresponding Decree of the President of Russia was signed on 24 January 2018.
  • PhosAgro, the Russian Direct Investment Fund and India Potash Limited (IPL), the largest importer of mineral fertilizers in India, signed an agreement on cooperation in the mineral fertilizer sector. IPL expressed its intention to acquire for the Indian market up to 2 million tonnes of high-quality mineral fertilizers produced by PhosAgro – DAP and NPK with various nutrient content – in 2019–2021. The total value of the fertilizers was estimated at USD 1 billion. 
  • PhosAgro opened a regional office in the Far East (Vladivostok). In future, the office will be responsible for the stockpiling of mineral fertilizers in the region to prepare for sowing season, including through the development of regional infrastructure.
  • PhosAgro’s office in Argentina (Buenos Aires) began operations. This is the second PhosAgro office in Latin America: the first opened several years ago in Brazil (São Paulo).
  • For the second time in a row, PhosAgro topped the ranking of mineral fertilizer producers in the CIS compiled by the industry portal Fertilizer Daily at the end of 2018.
  • PhosAgro was selected by the UN Food and Agriculture Organization (FAO) to implement a global soil protection initiative. The Company became the first Russian corporation in the history of the FAO to be entrusted with such a task. The project will play an important role in establishing a unified global scientific and information mechanism for promoting technologies and knowledge in the field of sustainable land use and agriculture.
  • PhosAgro became the first private Russian corporation to enter into an agreement with the Russian Academy of Sciences on cooperation in the innovative development of fertilizer production. The agreement, concluded for a period of five years, provides for the parties’ joint efforts in terms of science, technology, innovation, data analysis and expertise related to the Company’s main areas of operations.
  • Patriarch Kirill of Moscow and All Russia, in the framework of his first official visit to the Cherepovets Diocese, conducted the ceremony for the consecration of the foundation stone at the Church of St. Catherine the Great Martyr at the PhosAgro’s Cherepovets plant. Patriarch Kirill visited the enterprise’s production and social facilities, after which he addressed parishioners and Company employees at the Church of St. Barbara the Great Martyr.
2019
  • JSC Apatit (Cherepovets) has completed its merger with JSC Metachem in Volkhov (known as the Volkhov branch of JSC Apatit since 1 April 2019) and JSC PhosAgro-Trans (Cherepovets). The move combines PhosAgro Group’s production and logistics assets under one legal entity. The organisational changes should further improve the Company’s efficiency and business process management.
  • PhosAgro’s Board of Directors has created a Committee on Sustainable Development, which is chaired by Irina Bokova, an independent member of the Board of Directors, who served as Director-General of UNESCO for two four-year terms (2009–2017). The purpose of the committee is to assist in the implementation of Company initiatives aimed at protecting the environment, ensuring safe working conditions, developing the regions where the Company operates and implementing major social programmes.
  • PhosAgro Group and the United Nations Educational, Scientific and Cultural Organization (UNESCO) have agreed to continue their cooperation in the implementation of the Green Chemistry for Life grant programme for talented young scientists from around the world until 2022. With the extension of the agreement, PhosAgro’s contribution to the project from 2013 to 2022 will amount to almost USD 2.5 million. Russia’s Ministry of Foreign Affairs and the Russian Commission for UNESCO have been supporting this initiative since the very beginning. 
  • In Volkhov, the Company has embarked on a project to build new facilities for the production of phosphate-based fertilizers and a power plant at the Volkhov branch of JSC Apatit. The investment in the project is estimated at RUB 23 billion, and completion is planned for 2023. The commissioning of the new plant will enable PhosAgro Group to expand processing of apatite concentrate by 1 million tonnes per year and to increase the production of phosphate-based fertilizers offering high profit margins thanks to the logistics advantages offered by the Volkhov branch of JSC Apatit.
  • PhosAgro’s Board of Directors has approved the Company’s Development Strategy to 2025. The strategy is aimed at further expanding the Company’s presence in its priority Russian market and in premium export markets, as well as strengthening its position as a producer of environmentally friendly phosphate-based fertilizers with some of the lowest costs in the industry. Successful implementation of the new strategy will enable the Company to steadily increase its ability to provide agricultural producers from around the world with PhosAgro’s unique high-quality and environmentally friendly fertilizers.
Information on cookies

This website is using cookies and other web-technologies to help provide you with the best browsing experience that would suit your preferences. Cookies also help us gather statistics that show how the website is being used and how it can be improved in terms of content and structure.
By continuing to browse www.phosagro.com,

you are agreeing to our use of cookies in accordance with the terms of the «Cookie Policy», including the transfer of information to third parties mentioned in the “Cookie Policy” (online statistical services).