PhosAgro records H1 sales gains in nitrogen and phosphate ferts

31 July 2013 14:17  [Source: ICIS news]

LONDON (ICIS)--PhosAgro saw its first-half fertilizer sales volumes grow 14% year on year to 2.97m tonnes, with nitrogen-based fertilizer surging 37.5% to 659,600 tonnes, the Russian producer said on Wednesday.

The nitrogen figure was driven by a 62.4% boost to urea sales volumes which came in at 445,700 tonnes, Moscow-based PhosAgro, which launched a new 500,000 tonnes/year urea plant in late 2012, added.

The sales volume of phosphate-based fertilizers in the first half rose 8.7% to 2.31m tonnes, the company said.

A breakdown of the company's production volumes saw overall fertilizer output increase 12.9% to 2.98m tonnes; nitrogen-based fertilizers gain 44.1% to 675,200 tonnes; and phosphate-based fertilizers move up 6.2% to 2.31m tonnes.

Other first-half PhosAgro production volumes included nitrogen phosphate and sulphur (NPS) fertilizers falling 5.2% to 149,300 tonnes; ammonium nitrate (AN) decreasing 16.2% to 182,300 tonnes; and nitrogen phosphorous potassium (NPK) fertilizer production edging down 0.7% to 863,200 tonnes.

Production of diammonium phosphate (DAP) and monoammonium phosphate (MAP) rose 8.7% from the year-ago period to reach 1.09m tonnes. Phosphate rock production edged up 0.5% to 3.90m tonnes.

PhosAgro deputy CEO Andrey Guryev said: “In the first half of 2013 we increased production and sales of both phosphate and nitrogen-based fertilizers versus the first half of 2012, and kept our production facilities operating at near 100% capacity.

“This is primarily the result of our successful strategy of enhancing PhosAgro’s production and sales flexibility, which has enabled us to adapt to changing demand with new products, and of opening up new geographies to which we supply our fertilizers.

“Going forward we will continue to focus on production flexibility by launching new production lines, introducing new grades of fertilizers, and increasing domestic market sales.”

By: Will Conroy
+44 20 8652 3214

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