02 December 2010 10:06 [Source: ICIS news]
The rouble (Rb) 2.6bn ($83m, €63m) project has increased the plant's sulphuric acid capacity to 1.9m tonnes/year, the company said.
Balakovo Mineral Fertilizers, based in the
Phosagro also controls Azot Cherepovets and Ammophos, based in the
Earlier this year, Phosagro indicated tentative plans to hold an initial public offering in late 2011 or early 2012.
($1 = Rb31.39, €1 = Rb41.20)
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