Phosagro AG ZAO history, profile and corporate video
Phosagro AG ZAO. PhosAgro is a global vertically integrated phosphate-based fertilizer producer. The Company focuses on the production of phosphate-based fertilizers, feed phosphate and high-grade phosphate rock, as well as ammonia and nitrogen-based fertilizers. PhosAgro controls approximately 2.1 billion tons of apatite-nepheline ore resources.”
- The PhosAgro holding company was established along with the PhosAgro AG management company, which assumed the management of current production and business activities and developed the production capacities of recently acquired Apatit, Voskresensk Mineral Fertilisers and Balakovo Mineral Fertilisers. The Company also included the longest-established institute, the Scientific Research Institute for Fertilisers and Insectofungicide, which specialises in research and development in the phosphate-based fertiliser industry. In 2002 PhosAgro-Trans, a transport and logistics company, was established. Since April 2003 it has been under the management of PhosAgro AG. Subsequently, Ammophos, one of the most advanced phosphate-based fertiliser producers in Russia, was incorporated into PhosAgro (at the time the enterprise accounted for approximately one third of the production of such fertilisers in Russia).
- Ammophos started implementing a modernisation programme aimed at creating flexible production lines, thereby making it possible to make the transition between different fertilisers at short notice in response to changes to market demand, maximise production of phosphate-based fertilisers and increase the enterprise’s energy independence.
- Since 2001 PhosAgro has been the general partner of the Non-Profit Partnership DROZD – Educated and Healthy Children of Russia.
- As part of the vertical integration initiative, Cherepovetsky Azot, part of a single technological chain with Ammophos, is incorporated in PhosAgro. To strengthen integration they serve as the basis for the establishment of the Cherepovets branch of PhosAgro AG management company
- PhosAgro starts preparing financial statements in accordance with IFRS
- The first programme for raising PhosAgro’s energy efficiency is developed and adopted
- PhosAgro supplies 1 million tonnes of mineral fertilisers through its own sales and distribution network, PhosAgro-Region, to consumers in Russia and the CIS and becomes the undisputed leader in its domestic market.
- Balakovo Mineral Fertilisers launches a technical upgrade programme of its production capacities aimed at increasing output and expanding the product range
- Voskresensk Mineral Fertilisers is spun off from PhosAgro
- PhosAgro starts registering its products pursuant to the requirements of the European Union Regulation REACH (Registration, Evaluation, Authorisation and Restriction of Chemicals)
- PhosAgro pioneers the introduction of mineral fertiliser exchange trading in Russia. In the same year the Company sells 254,000 tonnes of fertiliser on the Moscow Stock Exchange. The following year the figure rises to more than 500,000 tonnes. PhosAgro sees exchange sales and open auctions not only as a convenient mechanism for conducting transactions, but also as a way to increase the transparency and reliability of supply contracts, eliminate middlemen and thereby make mineral fertilisers more affordable for the end consumer
- Agro-Cherepovets (urea production) is incorporated in PhosAgro
- Balakovo Mineral Fertilisers launches its second feed monocalcium phosphate production line
- Apatit launches a corporate information system based on the Oracle® Е-Business Suite. This is the largest project of its kind in the industry in Russia. By 2010 two more enterprises are simultaneously connected to the platform – Ammophos and Cherepovetsky Azot. Balakovo Mineral Fertilisers joins them in 2011
- After the commissioning of its fourth production line, Ammophos becomes Europe’s largest sulphuric acid producer
- PhosAgro concludes a USD 1.5 billion three-year contract for the supply of diammonium phosphate (DAP) to India, and also becomes the world’s first company to sign an annual contract with India for the supply of compound mineral fertilisers (NPK)
- The main implementation stages of the technical upgrade programmes at Ammophos and Balakovo Mineral Fertilisers are completed
- Balakovo Mineral Fertilisers becomes the first enterprise in Russia to be certified compliant with the European GMP+ quality control standard for feed materials
- PhosAgro launches the construction of new urea production facilities and gas-turbine thermal power plants in Cherepovets
- PhosAgro commissions a new sulphuric acid unit S-650 and a 25MW turbine generator at Balakovo Mineral Fertilisers
- PhosAgro’s IPO on the London Stock Exchange (LSE) raises USD 565 million (including overallotment option). PhosAgro’s shares are traded on the Moscow Stock Exchange, while its global depositary receipts (GDRs) are admitted for trading on the LSE
- As part of its vertical integration strategy PhosAgro acquires 24% of the shares of Metachem and 21% of the shares of Pikalevskaya Soda
- PhosAgro, the St. Petersburg State Mining Institute and the Danish company FLSmidth sign an agreement on technological and project cooperation to upgrade the Pikalevo manufacturing complex
- PhosAgro participates in the settlement of the dispute between the participants of Nordic Rus Holding, which owns 7.73% of the share capital of Apatit (10.30% of the ordinary shares). As a result of the settlement agreement between Acron and Yara International ASA, Phosint Limited, which is affiliated with PhosAgro, becomes the owner of 51% of the shares of Nordic Rus Holding
- PhosAgro and Sberbank of Russia conclude a cooperation agreement
- The Big Wood ski complex, established with the support of PhosAgro and Apatit, is recognised as the best snowboard park and resort in Russia
- PhosAgro wins the tender for the disposal of the Russian Government’s 26.67% of the ordinary shares of Apatit (approximately 20% of the share capital) after offering the best price of all tender participants – RUB 11.11 billion
- PhosAgro acquires 24% of the shares of Nordic Rus Holding, which owns 7.73% of the share capital of Apatit (10.30% of ordinary shares), for a consideration of USD 31.76 million
- PhosAgro commissions the first full-cycle urea production complex to be constructed in recent Russian history. The integrated urea production and power generation complex combines the production of 500,000 tonnes of urea a year and a 32MW gas turbine power plant
- PhosAgro completes the merger of subsidiaries Ammophos and Cherepovetsky Azot, resulting in the establishment of PhosAgro-Cherepovets
- PhosAgro and UC RusAl conclude a long-term cooperation agreement on fluoric salts supplies until 2034
- Metachem is placed under the management of PhosAgro AG
- PhosAgro establishes the Mining Chemical Engineering project centre
- PhosAgro and the Belgian company Prayon sign a cooperation memorandum, providing PhosAgro with access to technologies developed by Prayon for the extraction of rare earth elements contained in the phosphogypsum formed from phosphate rock during the production of phosphoric acids
- PhosAgro Places Debut USD 500 mln 5-year Eurobond at 4.204%%;
- Total fertilizer production and sales PhosAgro in FY 2012 grew 8.6% a record 5.4 million tonnes and 7.8% to an all-time high of 5.3 million tonnes, respectively. The Company increased phosphate-based fertilizer sales volumes (excluding intra-group sales) for FY 2012 by 4.5% y-o-y in 2012, while production of phosphate-based fertilizers for the same period increased by 5.7% y-o-y;
- PhosAgro and an international consortium headed by Mitsubishi Heavy Industries Ltd of Japan signed a contract to build a new energy efficient ammonia production facility in the Vologda Region. The construction of a third ammonia production line with a capacity of 2,200 tonnes per day (760 ths tonnes per year) at PhosAgro-Cherepovets is a key part of PhosAgro’s long-term modernisation and development strategy.
- UNESCO and PhosAgro signed a partnership agreement to establish a grants programme for supporting promising projects put forward by young scientists as part of the joint Green Chemistry for Life project. The total amount of funding provided by PhosAgro for the Green Chemistry for Life project over five years is USD 1,400,000. The project may also be extended.
- PhosAgro completed the consolidation of 100% of Apatit. The consolidation of core mining assets is a major step in PhosAgro’s strategy of organic growth. The consolidation should build shareholder value.
- PhosAgro sets up a trading division in Singapore for sales of mineral fertilisers. The new sales and trading division will focus on marketing and sales of PhosAgro products in countries of the Asia region from Pakistan to Japan, including Australia and the Asia-Pacific region, as well as in African countries.
- PhosAgro signed a direct USD 440.6 million loan agreement with the Japan Bank for International Cooperation (JBIC), backed by Nippon Export and Investment Insurance (NEXI). The proceeds will be used for construction of a new high-tech ammonia production line with a capacity of 760 thousand tonnes per year at PhosAgro-Cherepovets in the Vologda region.
- On 1 May 2014 Phosagro completed the reorganisation of two if its subsidiaries by merging CJSC Balakovo Mineral Fertilizers (“BMU”) into OJSC Apatit. The merger of BMU into Apatit will help to optimise management processes and eliminate certain duplicate administrative functions, as well as to lower costs through centralised purchasing and economies of scale with regards to orders of goods and services.”
*Information from Forbes.com and Phosagro.com
**Video published on YouTube by “PhosAgro“