MOSCOW, December 4. /TASS/. PhosAgro plans to boost production output by 1.4 mln metric tons against the current level, the Russian company said.
The production plan for the company is 11.3 mln metric tons in 2023.
"PhosAgro’s plans are to further increase the output of agricultural chemicals: by 1.4 mln metric tons in 2026 against the expected level of 2023. Incremental growth will be supported on account of developing phosphoric and sulfuric acid production, whose output growth will stand at 7% against the 2023 level," the company said, citing CEO Mikhail Rybnikov.
Phosphoric acid production gained 5.3% to 3,063 mln metric tons within 11 months of this year. Production of sulfuric acid increased by 3%. The output of mineral fertilizers, feed and technical phosphates edged up by 2.2% against the like period of 2022.