Key events in 2023

In 2023, PhosAgro celebrated the 20th anniversary since the inception of its DROZD programme

January
  • The Volkhov branch commenced the production of water soluble MAP, a new highly popular fertilizer
Key events in 2023
February
  • The Cherepovets site shipped the first batch of a new product called ApaSil
  • PhosAgro Group introduced a new phosphogypsum‑based product for use in livestock farming
Key events in 2023
March
  • PhosAgro received its first‑ever and highest possible ratings from AKRA (AAA (RU)) and Expert RA (also AAA (RU)) with a stable outlook.
Key events in 2023
April
  • Independent director Victor Cherepov was re‑elected Chairman of PhosAgro’s Board of Directors
  • PhosAgro Group increased salaries for all employees by an additional 15%
  • PhosAgro successfully made its debut in the Russian debt market with CNY‑denominated bonds
  • PhosAgro successfully placed its debut RUB‑denominated bonds with twofold oversubscription and the lowest spread to the yield of Russian federal bonds among domestic issuers
Key events in 2023
May
  • PhosAgro Group received its third Grand Prix at the Russian Business Leaders: Dynamics, Responsibility and Sustainability Awards
  • PhosAgro redeemed its Eurobonds issued in 2018
June
  • The 900‑millionth tonne of apatite‑nepheline ore was shipped from the Kirovsky mine of Apatit’s Kirovsk branch
  • During the 2023 St Petersburg International Economic Forum (SPIEF), PhosAgro and Gazprombank signed an agreement to organise the offering of replacement bonds
  • Russian Railways and PhosAgro Group reached an agreement on long‑term strategic partnership in freight transportation
  • PhosAgro‑Region commenced supplies of water soluble MAP to the Russian market
Key events in 2023
July
  • PhosAgro topped the ESG ranking of Russian companies by RAEX
  • The interdepartmental commission approved PhosAgro’s Special Investment Contracts (SPIC 2.0) for the development of the Balakovo production site
  • PhosAgro‑Region launched its third proprietary distribution centre for mineral fertilizers in the Tambov region
Key events in 2023
August
  • PhosAgro Group facilities signed new collective bargaining agreements, effective until 2026. They expanded the range of social support measures and increased funding for employee benefits
  • August marked the 10th anniversary since the launch of PhosAgro Group's large‑scale investment programme
  • The Cherepovets facility produced its 100‑millionth tonne of phosphate fertilizers
  • PhosAgro successfully placed USD 740 mln worth of replacement bonds
Key events in 2023
September
  • The Cherepovets facility produced its 100‑millionth tonne of sulphuric acid
  • PhosAgro joined the UN Global Compact's Forward Faster initiative calling for an accelerated achievement of the UN Sustainable Development Goals (SDGs)
Key events in 2023
October
  • PhosAgro Group commenced supplies of water soluble MAP to customers in Central and Middle Asia
  • The first ore was extracted from the new +10m horizon at the Yukspor deposit (the Kirovsky mine of Apatit’s Kirovsk branch)
Key events in 2023
November
  • PhosAgro won in four categories of the 5 Stars. Leaders in the Chemical Industry nationwide annual industry competition
  • The Company achieved top positions in the 2023 Russian Leaders in Corporate Philanthropy competition
  • PhosAgro’s Board of Directors approved the progress of key investment projects as part of the Company’s Development Strategy to 2025
  • For the second consecutive year, PhosAgro won the Grand Prix in the Moscow Exchange Annual Reports competition
  • PhosAgro ranked among the Top 10 Russian companies in the new Fortune 500 ranking of Europe's largest corporations
  • PhosAgro received the highest scores in the rankings of Russia’s best employers by Forbes and RBC
  • Global Ports and PhosAgro Group signed a five‑year contract for the transshipment of fertilizers at the Great Port of St Petersburg
  • PhosAgro was included in Forbes' Top 20 largest investment companies in Russia
  • PhosAgro‑Region opened a new customer centre in Krasnodar
  • PhosAgro Group won the Competitive Procurement Leader Award, an all‑Russian professional competition in trade and procurement
Key events in 2023
December
  • Output of phosphoric acid across PhosAgro’s sites surpassed its record 3 mt mark
  • PhosAgro took part in the panel discussion on food security during the 28th session of the Conference of the Parties (COP28) to the UN Framework Convention on Climate Change
  • PhosAgro‑Region started selling domestically bred seeds
  • PhosAgro‑Region launched a new distribution centre in the Saratov region
  • The Balakovo production site celebrated its 50th anniversary
  • Apatit received the Russian Government’s 2023 Quality Award
Key events in 2023