SINGAPORE, November 9, 2018 /PRNewswire/ --
Over the past five years, PhosAgro has increased its annual
sales in South-East Asia by more
than 60%, reaching 600,000 tonnes. This was announced by the
Managing Director of PhosAgro Asia, Vladimir Kharitonov, at a gala event in
Singapore on the occasion of the
fifth anniversary of PhosAgro Asia, PhosAgro's first international
trading company.
PhosAgro Asia is one of PhosAgro's leading regional trading
companies and has been operating in Asian markets since 2013. The
company covers sales to a region that accounts for about 25% of
global consumption of mineral fertilizers (excluding China). More than 80% of PhosAgro Asia's sales
are made to some of the largest countries in Asia: India,
Vietnam, Thailand and Indonesia. PhosAgro Asia has also been
expanding its client base and sales volumes in Myanmar, Malaysia, Pakistan, Bangladesh, Cambodia and the
Philippines.
"The fifth anniversary of our Asian office is an important
milestone for PhosAgro as a whole and for me personally. Five years
ago, we revised the Group's global development and sales strategy
and embarked upon a path to direct export sales by studying the
needs of local farmers; we started studying the needs and
traditions of agricultural producers in key markets. PhosAgro Asia
became our first foreign commercial office and our first trading
company. Today, thanks to the effective development of nine foreign
trading companies and offices, the share of PhosAgro's global
direct sales exceeds 90%," said PhosAgro CEO Andrey Guryev
in his remarks.
"PhosAgro is an active participant in the global food chain-we
feed people, and this is a very important mission, especially in
Asia, where PhosAgro has made a
huge breakthrough," said Sven Ombudstvedt, Chairman of
PhosAgro's Board of Directors.
"Strategically, PhosAgro is focused on diversification of its
product range. The line of products manufactured by PhosAgro has
expanded to 39 grades of fertilizer over the past five years;
technologies for introducing microelements and biostimulants into
granules are being developed, enabling us to improve the efficiency
by which plants make use of the active ingredients in fertilizers.
The biggest growth can be seen in segments that allow farmers to
cut costs: with stable demand for DAP-at one time PhosAgro Asia's
main product-the share of NPK and NPS fertilizers in PhosAgro
Asia's sales exceeded 60% this year. PhosAgro Asia has been
implementing a successful transition from being a single-product
trader to a supplier of a wide range of mineral fertilizers and
related services. Product diversification, supported by
agricultural consulting and direct interaction with end users,
allows us to make long-term sales plans for South-East Asia and to increase PhosAgro's
resilience to unexpected changes in global demand and to increasing
demands from the point of view of the environmental safety of
food," said PhosAgro's Deputy CEO for Sales and Marketing,
Sergey Pronin.
Members of PhosAgro's Board of Directors also noted that
PhosAgro Asia is making global agriculture more environmentally
friendly. "Asia is now at peak
growth, and people here need effective, environmentally friendly
and sustainable agriculture, and PhosAgro is one of the best
producers in terms of product quality and purity," said
Xavier Rolet, a member of
PhosAgro's Board of Directors. Another member of the Board of
Directors, Irina Bokova,
supported him: "PhosAgro is a partner of UNESCO and the FAO in
projects related to green chemistry and soil quality. All of this
contributes to the goal of eradicating hunger, which is at the top
of the UN's 2030 Agenda for Sustainable Development. I think this
is the surest way for private business operating in the
international arena to assist the state and the UN in achieving the
goals of this agenda," concluded Ms Bokova.
About PhosAgro
PhosAgro is one of the world's leading vertically integrated
phosphate-based fertilizer producers in terms of production volumes
of phosphate-based fertilizers and high-grade phosphate rock with a
P2O5 content of 39% and higher.
The Company is the largest phosphate-based fertilizer producer
in Europe (by total combined
capacity for DAP/MAP/NP/NPK/NPS), the largest producer of
high-grade phosphate rock with a P2O5 content
of 39%, a top-three producer of MAP/DAP globally, one of the
leading producers of feed phosphates (MCP) in Europe, and the only producer in Russia, and Russia's only producer of nepheline
concentrate (according to the RAFP).
PhosAgro's main products include phosphate rock, 39 grades of
fertilizers, feed phosphates, ammonia, and sodium tripolyphosphate,
which are used by customers in 100 countries spanning all of the
world's inhabited continents. The Company's priority markets
outside of Russia and the CIS are
Latin America, Europe and Asia.
PhosAgro's shares are traded on the Moscow Exchange, and Global
Depositary Receipts (GDRs) for shares trade on the London Stock
Exchange (under the ticker PHOR). Since 1
June 2016, the Company's GDRs have been included in the MSCI
Russia and MSCI Emerging Markets indexes.
More information about PhosAgro can be found on the website:
www.phosagro.ru.
