Singapore – PhosAgro ("the Company") (Moscow Exchange, LSE: PHOR), a leading global vertically integrated phosphate-based fertilizer producer, announces the opening of PhosAgro Asia (PhosAgro Asia Pte. Ltd.) in Singapore, which will focus on sales of mineral fertilizers to countries in Asia and Africa, as well as Australia and New Zealand.
The new company will be PhosAgro’s first trading operation in Asia that focuses on international sales of mineral fertilizers. PhosAgro is one of the largest producers of phosphate-based fertilizers in the world and is a leading complex NPK producer in Russia; the Company supplies widely used fertilizer grades to Russian and international agricultural producers.
PhosAgro CEO Andrey Guryev said: “We see significant growth opportunities in Asia, and believe our new sales and trading subsidiary in Singapore will bring us closer to existing and potential clients. We chose to base our Asian operations in Singapore because of the well-developed financial and trade infrastructure, as well as the good business climate.
“PhosAgro Asia will market and sell PhosAgro products across the region, from Pakistan to Japan, in Australia and throughout South-East Asia, and will also focus on Africa. With a full-fledged trading operation in Singapore we have greater flexibility to work with a broader range of clients in these regions.”
PhosAgro Asia management will include Iouri Piattchanine, who has many years of experience selling natural resources and mineral fertilizers in Asia, and Maxim Popov, who was previously the deputy head of PhosAgro’s mineral fertilizer export sales division of PhosAgro AG.