Phosagro S Regulatory News (PHOR)

OJSC PHOSAGRO - PhosAgro CEO Named President of RAFP

PR Newswire

London, June 1

PhosAgro CEO takes up post as President of Russian Association of Fertiliser Producers, re-elected as IFA Vice President Eastern Europe & Central Asia

Moscow – PhosAgro (Moscow Exchange, LSE: PHOR), one of the world’s leading vertically integrated phosphate-based fertilizer producers, announces that its CEO Andrey Guryev today begins his duties as President of the Russian Association of Fertiliser Producers (RAFP), and has been re-elected as Vice President Eastern Europe & Central Asia of the International Fertiliser Association (IFA).

The re-appointment was announced at the closing press conference of the 84th IFA Annual Conference, which took place in Moscow for the first time and was attended by IFA Director General Charlotte Hebebrand and Andrey Guryev.

“The RAFP’s mission is to drive forward Russia’s mineral fertiliser industry, and support the growth of domestic demand and increased competitiveness of Russian fertilisers at the global level. The RAFP supports the development of the whole of Russian agriculture, which is a priority market for its products,” Andrey Guryev said. “I see my chief task as President of the RAFP as creating new opportunities to modernise and streamline the sector amid today’s prevailing economic conditions. I firmly believe that the chemicals industry is able to become one of the Russian economy’s most technologically advanced sectors and a key guarantor of food security for Russia and the whole world.”

“The RAFP and the IFA share a number of goals, including promoting innovative agricultural technologies and helping farmers become more sophisticated in how they use fertilisers,” Andrey Guryev said at the press conference. “In my position as IFA Vice President I will focus on sustainable growth of crop yields and reduction of environmental impact through the use of high-quality, ecologically friendly fertilisers and scientific methods of application.”

The opening of the conference, being held in Russia for the first time, was attended by Industry and Trade Minister Denis Manturov, whose welcome address noted the need to fully realise Russia’s potential agricultural production capabilities to support national food security and economic growth. Other participants included Deputy Industry and Trade Minister Sergey Tsyb and Vice-President of the Russian Union of Industrialists and Entrepreneurs Viktor Cherepov. Deputy Prime Minister Arkady Dvorkovich is expected to attend the closing ceremonies of the conference.

The IFA brings together 525 companies from 85 countries. IFA member companies represent all activities related to the production and distribution of every type of fertilizer, their raw materials and intermediates, and include all major Russian and global fertiliser producers such as Yara, OCP, Mosaic, PotashCorp, IFFCO, Vale and Sinochem.

The IFA has consultative status at the UN, and works closely with international organisations including the OECD, IEA, the UN Food and Agriculture Organisation and the International Plant Nutrition Institute.

The IFA promotes effective and rational production and application of plant fertilisers to support and increase agricultural productivity around the world.

“Fertilizers play a crucial role in sustainable agricultural intensification, designed to deliver the food for a global population that is expected to reach 9.7 billion people by 2050,” said IFA Director General Charlotte Hebebrand. “The industry is fully aware about the opportunities and responsibilities it faces to help advance global food security, forest and soil preservation, and the safeguarding of air and water quality,”

The sector is responding to this challenge with an ever increasing range of enhanced efficiency fertilizer products, as well as regionally adapted nutrient stewardship programs, based on the “4 Rs” (applying the right source of plant nutrients, at the right rate, time and place). The advancement of soil and crop-specific knowledge through the use of new analysis technologies, application decision support tools and innovative precision agricultural practices are one of the many areas the industry focuses on to promote global food security and sustainable agriculture, key elements of the Sustainable Development Goals.

Notes to Editors

The International Fertilizer Association (IFA)– www.fertilizer.org- is the only global fertilizer trade association with a membership of more than 500 entities, encompassing all actors in the fertilizer value chain: producers, traders, distributors, service providers, advisors, research organizations and NGOs. IFA promotes the industry’s engagement in sustainable agricultural practices and the efficient and responsible production, distribution and use of plant nutrients to advance global food security and sustainable development goals. 

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PhosAgro is one of the leading global vertically integrated phosphate-based fertilizer producers. The Company focuses on the production of phosphate-based fertilizers, feed phosphate and high-grade phosphate rock (P2O5 content of not less than 39%), as well as ammonia and nitrogen-based fertilizers.

The Company is the largest phosphate-based fertilizer producer in Europe, the largest producer of high-grade phosphate rock worldwide and the third largest MAP/DAP producer in the world (excluding China), according to Fertecon. PhosAgro is also one of the leading producers of feed phosphates (MCP) in Europe, and the only producer in Russia.

PhosAgro has 2.1 billion tonnes of resources (according to JORC) of high quality apatite-nepheline ore. The Company's mines and phosphate rock production facilities are located in the mountainous areas of the Kola Peninsula in the Murmansk region of northwest Russia, whereas its fertilizer and feed phosphate production assets are located near the city of Cherepovets in the Vologda region and near the city of Balakovo in the Saratov region of southwest part of European Russia.

PhosAgro’s 2015 IFRS revenue was over USD 3.1 bln and EBITDA was USD 1.4 bln.

For further information on PhosAgro please visit: www.PhosAgro.com