Phosagro allocates to investments a record ₽73 billion

Phosagro's capex for the current year will total a record ₽73 billion, up 14% year-on-year. Company has revised and consolidated its investment project for the future development of its Balakovo facilities, increasing its total financing from ₽15.6 billion to ₽27 billion. In Cherepovets and Volkhov, projects to increase the processing of apatite concentrate by a combined total of almost 400,000 tonnes are scheduled for completion in 2024.