This is the second PhosAgro office in Latin America, with the first opened several years ago in Sao Paulo, Brazil.
Andrey A. Guryev, PhosAgro's CEO, spoke at a panel session titled ‘Innovations and technologies as a factor of export development’.
The company’s revenue in 3Q18 rose by 35% y/y to RUB 62.8 billion (US$958 million), while EBITDA grew by 72% y/y to RUB 23.4 billion (US$357 million).
The company’s Board of Directors made the recommendation after reviewing PhosAgro’s financial and operating performance for the first nine months of 2018.
The phosphate-based fertilizer producer has been recognised for its health, safety and environment practices.
According to Reuters, Phosagro – the Russian fertilizer producer – has announced that it experienced a 63% fall in 4Q17 net profit to 4.3 billion roubles (US$75 million).
According to Reuters, Phosagro has stated that its overall fertilizer production in 3Q17 is up 19% y/y to 2.1 million t.
With diammonium phosphate import duties lifted in Argentina, PhosAgro is considering increasing its sales of fertilizers to the country.
PhosAgro’s Andrey Guryev has shared a report about the results of his four years as CEO of the company.