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Balakovo Mineral Fertilizers win Investor of the Year award

11 May 2011

The Investor of the Year 2010 diploma was awarded to Maxim Kuznetsov, Quality Director of the Balakovo branch of CJSC PhosAgro AG by Alexander Zhandarov, the regional deputy prime minister.

 

In November 2010, PhosAgro commissioned a new 650,000-ton-a-year monohydrate facility for the production of sulfuric acid at Balakovo Mineral Fertilizers as part of the company’s modernization program. At the same time as expanding sulfuric acid production, the plant launched a new 25MW turbo generator. Capital investment in 2010 exceeded 2 billion rubles (US $70 million).