Moscow. 9 February 2012 – PhosAgro (MICEX-RTS, LSE: PHOR), a leading global vertically integrated phosphate-based fertilizer producer, announces its production update for the year 2011. The Company increased output of phosphate-based fertilizers by 6.1% year-on-year (y-o-y), while production of nitrogen-based fertilizers increased 1.7% y-o-y during 2011.
PhosAgro’s production and sales volumes for 2011 are summarized in the tables below.
|
Production Volumes by type |
|||
|---|---|---|---|
|
(kmt) |
2011 |
2010 |
Change y-o-y |
|
Phosphate-based fertilizers |
4,105.4 |
3,870.4 |
6.1% |
|
Nitrogen-based fertilizers |
901.3 |
886.6 |
1.7% |
|
Apatit mine and beneficiation plant |
8,716.8 |
9,153.7 |
(4.8%) |
|
Other products |
7,186.5 |
6,695.0 |
7.3% |
|
Sales Volumes by type |
|||
|---|---|---|---|
|
(kmt) |
2011 |
2010 |
Change y-o-y |
|
Phosphate-based fertilizers |
4,061.7 |
3,841.5 |
5.7% |
|
Nitrogen-based fertilizers |
889.4 |
850.4 |
4.6% |
|
Apatit mine and beneficiation plant |
4,149.3 |
4,732.5 |
(12.3%) |
|
Other products |
347.0 |
278.7 |
24.5% |
Commenting on the 2011 production results, PhosAgro CEO and Director Maxim Volkov said: “I am pleased to announce a 6% rise in production and sales of phosphate-based fertilizers in 2011, which shows that we have delivered on our strategy of organic growth through increasing processing of our own phosphate rock for phosphate-based fertilizers like MAP, DAP and NPK.
“With PhosAgro’s rich resource base in the Apatit mine, we are also seeking to increase shareholder value over the longer term by developing projects to increase the deep processing of apatite ore for products like fluoric salts, in addition to increasing the production of our own phosphate-based fertilizers.”
The table below provides a breakdown of 2011 production volumes by major product:
|
Production Volumes |
|||
|---|---|---|---|
|
(kmt) |
2011 |
2010 |
Change y-o-y |
|
Apatit mine and beneficiation plant |
|||
|
Phosphate ore |
26,585.4 |
27,098.7 |
(1.9%) |
|
Phosphate rock |
7,719.8 |
8,127.4 |
(5.0%) |
|
Nepheline concentrate |
997.0 |
1,026.3 |
(2.9%) |
|
Phosphate-based fertilizers |
|||
|
DAP/MAP |
2,537.4 |
2,507.0 |
1.2% |
|
NPK |
1,199.2 |
932.9 |
28.5% |
|
NPS |
82.3 |
134.2 |
(38.7%) |
|
APP |
58.1 |
50.7 |
14.6% |
|
MCP |
228.4 |
245.6 |
(7.0%) |
|
Nitrogen-based fertilizers |
|||
|
AN |
455.7 |
391.1 |
16.5% |
|
NP |
0 |
30.0 |
(100.0%) |
|
Urea |
445.6 |
465.5 |
(4.3%) |
|
Other products |
|||
|
AlF3 |
24.2 |
23.4 |
3.4% |
|
Ammonia |
1,010.1 |
1,043.1 |
(3.2%) |
|
Phosphoric acid |
1,711.2 |
1,629.6 |
5.0% |
|
Sulphuric acid |
4,441.0 |
3,998.9 |
11.1% |
The table below provides a breakdown of 2011 sales volumes by major product:
|
Sales Volumes |
|||
|---|---|---|---|
|
(kmt) |
2011 |
2010 |
Change y-o-y |
|
Apatite mine and beneficiation plant |
|||
|
Phosphate rock |
3,152.6 |
3,711.7 |
(15.1%) |
|
Nepheline concentrate |
996.7 |
1020.8 |
(2.4%) |
|
Phosphate-based fertilizers |
|||
|
DAP/MAP |
2,533.2 |
2,499.5 |
1.3% |
|
NPK |
1,162.8 |
913.7 |
27.3% |
|
NPS |
82.7 |
132.1 |
(37.4%) |
|
APP |
55.7 |
50.2 |
11.0% |
|
MCP |
227.3 |
245.9 |
(7.6%) |
|
Nitrogen-based fertilizers |
|||
|
AN |
446.8 |
371.1 |
20.4% |
|
NP |
0.0 |
30.2 |
(100.0%) |
|
Urea |
442.6 |
449.1 |
(1.5%) |
|
Other products |
|||
|
AlF3 |
24.4 |
30.6 |
(20.3%) |
|
Ammonia |
141.8 |
142.1 |
(0.2%) |
|
Phosphoric acid |
13.0 |
5.8 |
124.1% |
|
Sulphuric acid |
167.8 |
100.2 |
67.5% |