Financial news, corporate announcements, analysts’ reports
MOSCOW: PhosAgro, one of the world’s leading vertically-integrated phosphate-based fertilizer producers, announced that its MSCI ESG rating has been raised from BB to BBB as part of a regular review. MSCI ESG Research assigns MSCI ESG ratings to global public and a number of privately held companies. The ratings aim to measure a company’s resilience…
MOSCOW: PhosAgro, one of the world’s leading vertically-integrated phosphate-based fertilizer producers, announced that Fitch Ratings has affirmed its Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDR) at BBB- with a Stable outlook. In its announcement, Fitch Ratings noted the sustainability of PhosAgro’s business and its competitive advantages, including low cash cost of production and its…
MOSCOW: Andrey Guryev, the CEO of PhosAgro and President of the Russian Fertilizer Producers Association (RFPA), took part in a panel session for Russian agribusiness leaders during the Synergy Executive Forum. The Chairman of the Board of Directors of Rostselmash, Konstantin Babkin, and the founder of the Russian Parmesan project, Oleg Sirota, also took part…
MOSCOW: PhosAgro, world’s leading vertically integrated phosphate-based fertilizer producer, announced that its 4Q 2019 fertilizer sales volumes increased by 16% year-on-year to 2.3 million tonnes. Total fertilizer production in 4Q 2019 increased by 2.8% year-on-year to 2,358.9 kt. Fertilizer and feed phosphate output for FY 2019 grew by 6.1% year-on-year to a record 9,521.8 kt.…
LONDON: Kropz plc, an emerging African phosphate producer, has signed a memorandum of understanding with PhosAgro Group, one of the world’s leading producers of phosphate-based fertilizers, during the Russia-Africa Economic Forum in Sochi, Russia. The two companies have agreed to evaluate opportunities to exchange information and technical expertise in order to increase the capacity of…