PhosAgro runs the Samoilov Scientific Research Institute for Fertilizers and Insectofungicides (NIUIF) and PhosAgro Innovation Centre, unique research centres that are unparalleled nationwide. Thanks to developments by the Company’s scientists, 2021 saw PhosAgro’s sales of ultra-modern fertilizer grades created over the last five years reach RUB 71 bln, or 17% of total revenue. Technological innovations and advances implemented throughout our production cycle also has a positive effect worth tens of billions of roubles.
The Company’s strategic goal is to increase sales in priority markets to 11.6 mt by 2025. One of the expected drivers is our position as a producer of fertilizers that are free of heavy metals harmful to human health and soils. In 2021, PhosAgro’s sales in premium markets almost hit 10.3 mt.
Drones and new digital technologies open up unprecedented opportunities for farmers to improve crop yields and profit margins. Drones are able to collect data on soils and plants in real time. Once analysed, it can promptly suggest responses to nutrient deficiencies, as well as to the risk of fungus or diseases. This data can also be fed into our Agro Calculator, which will help determine what fertilizers are necessary
In 2021, PhosAgro was at its best in many respects. The Company continued to strengthen its industry-leading profitability through cost control programmes and financial and investment discipline. Our objective is to set new standards for the industry in terms of product eco-efficiency as a way to promote public health, protect the environment, and prevent air and water pollution. We are integrating sustainability principles into all aspects of our operations.
Unique mineral resource base. The mine life is estimated at around 60 years.
Thanks to its magmatic origin, phosphate rock mined on the Kola Peninsula boasts exceptional purity.
High-quality phosphate rock (P2O5 content at 39% and above).
PhosAgro has been meeting high corporate governance standards since its inception. The Company’s internal standards are aligned with Russian laws, recommendations of the Bank of Russia, Russia’s Corporate Governance Code and the UK Corporate Governance Code
Since the IPO, we have more than doubled
our output of mineral fertilizers and feed
phosphates.
From 2011 up to now, we have
invested close to USD 6 bln in the Company’s
development. Over these ten years, we have
achieved a nearly four-fold increase in labour
productivity at our production sites, while also
reducing workplace injury rates by more
than two thirds
The Company maintains an ongoing dialogue with the investor community through a variety of communication channels and with involvement of the Company’s senior management and independent directors.
The Company acknowledges its responsibility for the global food security and efficiently works towards this cause
The Company acknowledges its responsibility for the global food security and efficiently works towards this cause
As strong team players, we look to ensure smooth cooperation of all our business units
Everyone at PhosAgro is a qualified professional in what they do
We always honour our obligations and are a reliable partner
Development is ongoing at PhosAgro, with every procedure relentlessly improved and refined
We promote and share a safety culture within the Company to ensure safe working conditions
We support human integrity, fostering moral standards and ethics, spiritual values, dedication at work, and respect for family values
Our goals are ambitious as we strive for professional excellence and continuous selfimprovement
In 2021, PhosAgro continued to make good progress towards the goals of Strategy to 2025 approved by the Company’s Board of Directors in 2019. The new strategic cycle envisages construction of high-tech production sites and further ramp-up of agrochemical output. In this context, 2021 marked an important milestone, with production hitting a record high of 10.5 mt. I
