PhosAgro (Moscow), a leading producer of phosphate-based fertilizers, in 2017, two years ahead of schedule, completed a fve- year investment program, which raised production capacity from 5.9 million metric tons/year (MMt/y) to 9 MMt/y last year. In 2019, production is expected to reach 9.4–9.5 MMt. PhosAgro was the subject of an initial public ofering (IPO) in 2011, and today it is listed on the Moscow and London stock exchanges with a 26% free foat.
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