PhosAgro news

The company is intending to invest US$3 billion in growth and modernisation by 2025.

PhosAgro-Region (a PhosAgro subsidiary) increased the total volume of mineral fertilizer sales to Russian agricultural producers by 14.3% y/y to 1.65 million t in 1H19.

Andrey Guryev, PhosAgro CEO and head of the Russian Fertilizer Producers Association has been elected chairman of the Russia–Brazil Business council.

PhosAgro has announced that an extraordinary general meeting of shareholders has approved the payment of dividends in the amount of RUB9324 million, or RUB72/share.

The board of directors also re-elected as its deputy chairman Andrey Guryev, vice president of the Russian Union of Chemists.

PhosAgro has welcomed the final decision taken at the level of the European Parliament and the European Council to limit the sale of phosphate-based fertilizers containing high levels of heavy metals everywhere in the EU from 2022.

The Republic of Uzbekistan and Germany have announced plans to construct a new chemical complex for the increased production of fertilizers in Samarkand, Uzbekistan.

The global monoammonium phosphate market is expected to post a CAGR of more than 2% during the period 2019–2023, according to the latest market research report by Technavio.

Acron Group has executed an amendment agreement to extend their up to US$750 million five-year syndicated structured pre-export finance facility which was originally signed with a group of relationship banks on 3 May 2017.

EuroChem Group AG, the global fertilizer company, has announced that its subsidiary Lifosa has received the Exporter of the Year award from the Lithuanian Confederation of Industrialists.