FosAgro for the half year increased production of fertilizers by 12.9%, sales up 14%

Production of fertilizers produced by the Group "FosAgro" in the first half of 2013 increased by 12.9% — to 2.98 million tons, while their sales rose by 14% — up to 2.9 million tons.

Release of urea increased by 83% and amounted to 459.6 thousand tons.

Nitrogen fertilizer production increased by 44% compared to the same period last year — to 675.2 thousand tons.

Sales of nitrogen fertilizers "FosAgro" for the six months increased by 37.5% — to 659.6 thousand tons, including urea by 62.4% to 445.7 thousand tons.

Production of phosphate fertilizers and feed phosphates increased by 6.2% — up to 2,305 tons, their sales increased by 8.7% — up to 2,307 tons.

Production of complex fertilizers (NPK) increased by 0.7% — to 863.2 thousand tons, sales — by 2% to 845.3 thousand tons.

At the same time, the production of ammonium nitrate was reduced by 16.2% — to 182.3 thousand tons.

Production of ammonia decreased by 2.4% — to 521.2 thousand tons.

Commenting on the production results, Deputy General Director of JSC "FosAgro" Andrey Guriev said: "In the first half of 2013 we were able to increase sales as phosphorus and nitrogen fertilizer, to ensure capacity utilization close to 100%.

 

For the record:

"FosAgro" — Russian vertically integrated company, one of the world’s leading producers of phosphate fertilizers. The main activity is the production of phosphate fertilizers, high-grade (P2O5 content 39% or more) of phosphate raw materials — apatite concentrate and feed phosphate, nitrogen fertilizer and ammonia.

The Group "FosAgro" consists of "Apatite", JSC "FOSAGRO Cherepovets" (created by the merger of "Ammofos" and JSC "Cherepovets" Nitrogen "), JSC" Agro-Cherepovets ", LLC" Balakovo Mineral Fertilizers ", LLC "Metakhim", LLC "FOSAGRO Trans" Ltd. "FOSAGRO Region" and JSC "NIUIF."

The group is the largest European producer of phosphate fertilizers, the world’s largest producer of high-grade phosphate rock and the second in the world (excluding China), manufacturer of ammonium phosphate and diammonium phosphate (according Fertecon), Europe’s leading and only Russian producer of feed monocalcium phosphate (MCP), and the only Russian producer of nepheline concentrate.

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