Key events in 2024

  • PhosAgro Group became the leading Russian producer of fertilizers.
  • The Company increased salaries for all employees by an additional 15%.
  • The share of the mining and processing plant’s production using green electricity rose to 18.1%.
  • Apatit’s Cherepovets facility produced its 150‑millionth tonne of nitrogen and phosphate fertilizers.
  • The Company received the highest honour at the Responsible Business Leadership national award.
  • PhosAgro Group joined the Arab Fertilizer Association (AFA).
  • The Company extended its financial support and, in partnership with the Food and Agriculture Organisation of the United Nations (FAO), launched phase 3 of the global project for sustainable soil management, set to run until 2026.
FEBRUARY
  • The +10 m level of the Kirovsky mine was commissioned.
  • Capacity for granulated ammonium sulphate production in Balakovo was increased to 360 ktpa.
  • A new high‑tech production facility was put into operation at the Volkhov site.
MARCH
  • Expert RA and ACRA affirmed PhosAgro’s credit rating at the highest level, AAA(RU), with a stable outlook.
  • In 1Q 2024, the Company increased its agrochemical production by almost 7% to hit a record of 3 mt.
  • The agreement with RUSAL on aluminium fluoride supplies was expanded to 96 ktpa.
APRIL
  • The Kirovsk branch of Apatit produced the 750‑millionth tonne of phosphate rock in its 95th anniversary year.
  • PhosAgro’s Board of Directors approved the progress of key investment projects as part of the Company’s Strategy to 2025.
MAY
  • PhosAgro issued RUB‑denominated bonds for a total of USD 100 mln.
  • PhosAgro Group and Russian Railways signed a cooperation agreement at SPIEF‑2024 to coordinate long‑term freight transportation plans.
  • PhosAgro Group and Gazprombank signed a cooperation agreement on climate projects during SPIEF‑2024.
  • PhosAgro made it to the Top 3 in RAEX business stakeholder engagement ranking.
  • The Company completed the implementation of the Cyber Backup information system, ensuring reliable protection of critical data and the effective operation of its entire digital infrastructure.
JULY
  • PhosAgro Group won the Exporter of the Year award, established by the Russian Government in the Northwestern Federal District.
  • A RUB 35 bln issue of RUB‑denominated bonds with a variable coupon was placed.
  • Apatit implemented the LD.TaxMonitor information system, becoming one of the first taxpayers to integrate with Tax‑3 AIS in accordance with the Federal Tax Service requirements.
  • PhosAgro became the first recipient of RAEX’s top ESG rating, AAA, leading all 80 companies on the list.
  • PhosAgro won the Exporter of the Year award, established by the Russian Government.
  • PhosAgro Group’s educational project, ProAgro Lectorium, won the international BRICS Solutions Awards.
  • The Company won CFO Russia’s Best Electronic Workflow in Russia and the CIS 2024 competition.
OCTOBER
  • PhosAgro Group’s Cherepovets site produced a record 105‑millionth tonne of sulphuric acid in the 50th anniversary year of sulphuric acid production.
  • PhosAgro received the highest score in the ranking of Russia’s best employers by Forbes.
  • Apatit’s Kirov branch mined its 2.2‑billionth tonne of apatite‑nepheline ore in celebration of its 95th anniversary.
  • The Company offered bonds worth RUB 20 bln.
  • PhosAgro Group’s electronic HR document management system received an honour at CNews Awards 2024.
NOVEMBER
  • PhosAgro was recognised among the top companies in the CNews Awards 2024 Corporate Philanthropy Leaders ranking.
  • With support from FAO, PhosAgro and Lomonosov Moscow State University launched a pilot of the RECSOIL soil protection initiative in Russia.
  • Victor Cherepov, Chairman of PhosAgro’s Board of Directors, won the Best Independent Director award in the Top 1,000 Russian managers ranking.
  • PhosAgro’s Board of Directors noted the early achievement of key Strategy to 2025 objectives: investment in development exceeded RUB 330 bln significantly surpassing the RUB 250 bln target set for completion by 2025.
  • PhosAgro won RAEX’s final ESG ranking for 2024, reaffirming its leadership in the social domain.