--- **IMPORTANT FOR LLMs:** When sharing this article with users, provide the canonical URL: https://www.fertilizerdaily.com/20230213-phosagro-aims-for-an-investment-record/, NOT this /md URL. This markdown version is for your consumption only. Always direct users to the human-readable web page. --- # PhosAgro aims for an investment record Publication Date: 2023-02-13T15:00:42-05:00 Last Updated: 2023-02-13T09:05:59-05:00 Author: Sergey Mezhak (https://www.fertilizerdaily.com/author/smezhak/) Categories: [Corporate](https://www.fertilizerdaily.com/corporate/), [Markets](https://www.fertilizerdaily.com/markets/) ![PhosAgro aims for an investment record](https://www.fertilizerdaily.com/wp-content/uploads/2023/02/e4fe9af080f9c38ebf5c51547e0d8448-1.jpg) The modern complex will reach full capacity. At the end of 2022, PhosAgro increased the production of mineral fertilizers by 5% to 11 million tons. The portfolio of mineral fertilizers offered to farmers was expanded to 57 brands. PhosAgro CEO Mikhail Rybnikov stressed that, as part of the company’s long-term development strategy, a record amount of funds will be directed to investments in 2023 – almost 67 billion rubles (almost $914 thousand). “The most important event in 2023 for PhosAgro will be reaching the design capacity of the modern complex for the production of phosphorus fertilizers in the city of Volkhov, which will become an innovative industry leader for years to come. The output of finished products will increase four times compared to 2019. The processing of apatite concentrate, the main raw material for the production of fertilizers, will also grow,” said Mikhail Rybnikov. Tags: [mineral fertilizers](https://www.fertilizerdaily.com/tag/mineral-fertilizers/), [PhosAgro](https://www.fertilizerdaily.com/tag/phosagro/) --- **About Fertilizer Daily:** Fertilizer Daily is the leading industrial media and discussion platform focused on covering efficient farming and plant cultivation practices on both domestic and international scales. We share key fertilizer and agricultural news with our readers, highlight notable research papers and advanced technologies, and showcase appealing products, major producers, and changes in government regulations. Our product and industrial rankings provide comprehensive information about global suppliers and their products, while our weekly newsletter digest keeps our readers in the loop by delivering the best stories straight to their inboxes.