26 November 2012 10:53 [Source: ICIS news]
LONDON (ICIS)--Russian fertilizer producer PhosAgro plans to decrease production of diammonium phosphate (DAP) and monoammonium phosphate (MAP) in the first quarter of 2013 by 17% compared to the first quarter of this year, the company said on Monday.
At the same time, PhosAgro plans to increase production volumes of NPK (nitrogen phosphate potassium) and NP (nitrogen phosphate) fertilizers year on year in the first quarter of 2013, the company said.
PhosAgro expects total production volumes in the first quarter of next year to remain at the same level as the first quarter of 2012.
In the first three months of 2012, DAP/MAP production totalled 558,800 tonnes, while NPK production was 416,000 tonnes and NP production was 24,800 tonnes. Total phosphate-based fertilizer production totalled 1.08m tonnes.
“An increase in domestic and international demand for complex fertilizers is expected at the beginning of next year,” said PhosAgro CEO Maxim Volkov, noting that the company planned to focus on production of NPKs and NPs, which are expected to enjoy higher demand than DAP/MAP.
He added that the company has a flexible production model that allows different types of products to be produced on the same production lines.
“We expect to be one of 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 in our product assortment,” Volkov said.
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