Production grew 8.6 percent to 5.4 million tonnes, including 4.3 million tonnes of phosphate fertilisers and 1.1 million tonnes of nitrogen fertilisers.
Sales rose 7.8 percent to a total of 5.3 million tonnes, including 4.2 million tonnes of phosphate fertilisers and 1.1 million tonnes of nitrogen-based fertilisers.
Commenting on the 2012 operations results, PhosAgro CEO Maxim Volkov said: “We are delighted that in 2012 we were able to achieve such significant growth in production and sales of fertilizers. For the first time in the Company’s history, fertilizer sales volumes exceeded 5 million tonnes per year. Our strategy of organic growth supported by flexible production and sales structure enabled us to almost double production of fertilizers from 2.8 to 5.4 million tonnes over 10 years, from 2002 to 2012. Going forward, we remain focused on delivering on our strategy to produce sustainable positive.”
On 21 January 2013 at 13:00Londontime (17:00Moscow; 08:00 New York) PhosAgro will host a conference call and webcast to discuss its 2012 operating results.