MOSCOW, June 15, 2020 /PRNewswire/ -- PhosAgro CEO
Andrey Guryev, who heads the
Russia–Brazil and Russia–Argentina business councils, discussed
prospects for strengthening cooperation through the councils with
the ambassadors from the two Latin American countries.
During video conferences with Brazilian Ambassador Tovar da Silva Nunes and Argentinian Ambassador
Ricardo Ernesto Lagorio, the
officials assessed the prospects for increasing trade and
developing economic ties in the post-COVID era.
Mr Guryev, who is the Co-Chairman of the Russian Union of
Industrialists and Entrepreneurs Coordination Council to combat
Coronavirus, also spoke about systemic measures implemented by
Russian industry to protect employees and residents from the
pandemic.
As an example, he cited PhosAgro, whose workforce is ensuring
the safe and uninterrupted operation of facilities producing
mineral fertilizers for farmers in Russia and in more than 100 countries all
around the world, including Latin
America.
"I would like to give due credit to you and to PhosAgro for the
measures that you have taken. Once again, they underline PhosAgro's
high standards and concern for the safety of your workers," said
Brazilian Ambassador da Silva Nunes,
who went on to discuss the preventive measures being implemented in
Brazil.
Ambassador da Silva Nunes
emphasised that Brazil intends to
continue dialogue through the business council, but online as a
result of the pandemic. At his suggestion, a discussion took place
on issues that could be raised during the BRICS summit in
St Petersburg, including the
continuation of stable supplies of Russia's main export to Brazil, mineral fertilizers, which are
important for the sustainable development of local agriculture.
Argentinian Ambassador Lagorio discussed the impact of the
quarantine measures taken by the Argentinian authorities. During a
discussion about the prospects for economic relations between
Russia and Argentina, he noted that the basis for the
development of such relations are the high-quality products,
state-of-the-art technologies and investment opportunities
available in both countries. He proposed the creation of joint
ventures between Argentine and Russian companies, as well as the
possibility of teaming up in third markets.
Ambassador Lagorio suggested holding an online meeting of the
councils of entrepreneurs of Russia and Argentina.
"In difficult times, you have to continue working, even if it's
online," said the ambassador.
About PhosAgro
PhosAgro (www.phosagro.com) is one of the world's leading
vertically integrated phosphate-based fertilizer producers in terms
of production volumes of phosphate-based fertilizers and high-grade
phosphate rock with a P2O5 content of 39% and higher. PhosAgro's
environmentally friendly fertilizers stand out for their high
efficiency, and they do not lead to the contamination of soils with
heavy metals.
The Company is the largest phosphate-based fertilizer producer
in Europe (by total combined
capacity for DAP/MAP/NP/NPK/NPS), the largest producer of
high-grade phosphate rock with a P2O5 content of 39% and one of the
leading producers of MAP/DAP globally, one of the leading producers
of feed phosphates (MCP) in Europe, and the only producer in Russia, and Russia's only producer of nepheline
concentrate (according to the RAFP).
PhosAgro's main products include phosphate rock, 39 grades of
fertilizers, feed phosphates, ammonia, and sodium tripolyphosphate,
which are used by customers in 100 countries spanning all of the
world's inhabited continents. The Company's priority markets
outside of Russia and the CIS are
Latin America, Europe and Asia.
PhosAgro's shares are traded on the Moscow Exchange, and global
depositary receipts (GDRs) for shares trade on the London Stock
Exchange (under the ticker PHOR). Since 1
June 2016, the Company's GDRs have been included in the MSCI
Russia and MSCI Emerging Markets indexes.
More information about PhosAgro can be found on the website:
www.phosagro.com.
*By total volumes of fertilizers supplied and by the
simultaneous fertilizer storage capacity.
