OREANDA-NEWS. PhosAgro (Moscow Exchange, LSE: PHOR), a leading global vertically integrated phosphate-based fertilizer producer, announces its production results for the nine months ended 30 September 2013.

Total fertilizer production and sales for 9M 2013 grew 8.6% and 9.8% year-on-year, respectively. Phosphate-based fertilizer production and sales* for 9M 2013 increased by 6.5% and 7.7% year-on-year, respectively.

Commenting on the 9M 2013 production results, PhosAgro CEO Andrey A. Guryev said: “In the first nine months of 2013 we increased combined sales of phosphate- and nitrogen-based fertilizers by almost 10% compared to 9M 2012, and kept our production facilities operating at near 100% capacity.

“As a low cost producer, we were able to achieve significant volume growth despite substantial price pressures that have led to reduced capacity utilisation in the global industry.

“In addition to a continued commitment to production flexibility, we are now concentrating on fast-growing markets, with the primary focus on our domestic market where we increased fertilizer sales to 1.1 million tonnes in 9M 2013.”