Sign In
Last checked at 
26 Nov 2012 09:00
For Immediate Release 26 November 2012
PhosAgro to Decrease DAP/MAP Production in 1Q 2013 by Over 17% While Increasing Complex Fertiliser Production by Over 20%
Moscow - PhosAgro (or "the Company") , a leading global vertically integrated phosphate-based fertilizer producer, announces that in 1Q 2013 it plans to decrease production volumes of DAP and MAP fertilisers by over 17% compared to 1Q 2012, while increasing NPK and NPS production by more than 20% compared to 1Q 2012.
PhosAgro expects total production volumes in 1Q 2013 to remain at the same level as in 1Q 2012.
PhosAgro CEO Maxim Volkov said: "An increase in domestic and international demand for complex fertilisers is expected at the beginning of the next year. Due to our flexible production model that allows us to produce different types of products on the same production lines we plan to focus on production of complex fertilisers, which enjoy higher demand than DAP and MAP. We expect to be one of the largest NPK producers in Russia this year and intend to further strengthen our leadership in this segment through modernisation of our production facilities and increases to our product assortment.
For further information please contact:
OJSC PhosAgro+7 495 231 2747Irina Evstigneeva, Head of Corporate Finance and Investor RelationsTimur Belov, Press OfficerM:CommunicationsSam VanDerlipvanderlip@mcomgroup.com+44 (0) 20 7920 2356Notes to Editors
PhosAgro is a leading global vertically integrated phosphate-based fertiliser producer. The Group focuses on the production of phosphate-based fertilisers, feed phosphate and high-grade phosphate rock (with P2O5 content of not less than 39 percent), as well as ammonia and nitrogen-based fertilisers.
The Group is the largest phosphate-based fertiliser producer in Europe, the largest producer of high-grade phosphate rock worldwide and the second largest MAP/DAP producer in the world (excluding China), according to Fertecon. PhosAgro is also a leading producer of MCP feed phosphates 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, representing over 75 years of production. The Group also controls substantial Al2O3 resources and has 41% of Russia's rare earth oxides resources according to the G.P. Luzin Institute of Economic Problems of the Kolskiy Scientific Centre of the Russian Academy of Sciences, 2010).
The Group'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 fertiliser 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 2011 IFRS revenue was over USD 3.4 bln and EBITDA was USD 1.2 bln. The С ompany's net debt/EBITDA ratio was 0.43 at 31 December 2011.
For further information on PhosAgro please visit: www.PhosAgro.com
1
Follow the stocks
