21 January 2013 10:56 [Source: ICIS news]
LONDON (ICIS)--Russia-based PhosAgro on Monday reported an 8.6% year-on-year rise in its total fertilizer production in 2012 to 5.4m tonnes.
The producer also recorded a 7.8% year-on-year increase in its 2012 sales volumes to 5.3m tonnes.
PhosAgro CEO Maxim Volkov said: “For the first time in the company’s history, fertilizer sales volumes exceeded 5m tonnes per year.
“Our strategy of organic growth supported by flexible production and sales structure enabled us to almost double production of fertilizers from 2.8m to 5.4m tonnes over 10 years, from 2002 to 2012. Going forward, we remain focused on delivering on our strategy to produce sustainable positive,” he added.
PhosAgro increased phosphate-based fertilizer sales volumes by 4.5% year on year to 4.2m tonnes in 2012, while production of phosphate-based fertilizers for the same period increased by 5.7% to 4.3m tonnes, the company reported.
The group’s production of nitrogen-based fertilizers in 2012 rose 22% year on year to 1.1m tonnes, while sales volumes of nitrogen-based fertilizers rose 23% to 1.1m tonnes.
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