The PhosAgro holding company was established along with the PhosAgro AG management company, which assumed the management of current production and business activities and developed the production capacities of recently acquired Apatit, Voskresensk Mineral Fertilisers and Balakovo Mineral Fertilisers. 

PhosAgro is a Russian vertically integrated company and one of the world’s leading producers of phosphate-based fertilisers. Its core line of business is the production of phosphate-based fertilisers, high-grade phosphate rock  (P2O5>35.7%), and also feed phosphates, nitrogen fertilisers and ammonia.  PhosAgro’s primary assets include Apatit, PhosAgro-Cherepovets (established as a result of the merger of Ammophos and Cherepovetsky Azot), Agro-Cherepovets, Balakovo branch of OJSC Apatit, Metachem, PhosAgro-Trans, PhosAgro-Region and NIUIF.  The Company is Europe’s largest producer of phosphate-based fertilisers, the world’s largest producer of high-grade phosphate rock and the world’s second largest producer (excluding China) of MAP and DAP (according to Fertecon), Russia’s only producer of feed monocalcium phosphate (MCP), and also the sole producer of nepheline concentrate in Russia. 

March 27, 2026 - Russian forces accidentally struck one of their own biggest industrial plants overnight on March 26–27 while defending against a Ukrainian drone attack, online analysts have reported.  The JSC Apatit plant in the city of Cherepovets, in Russia’s northwestern Vologda region and almost 1,000 kilometers from Ukraine, is Europe’s biggest producer of phosphate-based fertilizers.  It was hit by at least eight Ukrainian drones on Tuesday night, the regional governor said on the Telegram app.  Photos and videos posted online by locals and verified by Ukrainian monitoring channel Exilenova+ showed fires and explosions at the site, which also produces phosphoric and sulfuric acid and has a total output capacity of 7.5 million tons a year.  As part of an air-defense effort, a stray Russian missile hit the Apatit plant, according to footage posted to the X platform by an American activist of Ukrainian descent.  Having targeted Russia’s energy infrastructure, particularly the oil sector, Ukrainian forces have recently shifted their emphasis to other industries.  During Thursday night’s aerial assault on Cherepovets, the Severstal steel and mining company was also hit, resulting in a fire at the plant’s furnace, Exilenova+ reported on Friday morning.  On March 11, Ukrainian forces struck a chemicals plant in the southern Russian city of Tolyatti after three air strikes on chemicals facilities in February.  The war in Iran has sparked a fertilizer shortage in Russia, the Moscow Times newspaper reported, with prices spiking by as much as 30% and leading Russia to implement restrictions on exports to maintain supply. 

November 1, 2017 - PhosAgro one of the world’s leading vertically integrated producers of phosphate-based fertilizer and high-grade phosphate rock, announces the completion of the merger of JSC PhosAgro-Cherepovets into JSC Apatit (Cherepovets).  As of today, 1 November 2017, JSC PhosAgro-Cherepovets ceases its activities as a legal entity. All property, obligations and rights under contracts, and income from the sale of goods are now the property of JSC Apatit. On 2 June 2017, JSC Apatit was re-registered in Cherepovets in the Vologda region from the city of Kirovsk in the Murmansk region, where the Kirov branch of JSC Apatit was established.  PhosAgro CEO Andrey Guryev said: "We believe that the merger should contribute to further improving efficiency and the competitiveness of our products, as well as to PhosAgro’s busienss as a whole.”  The merger does not entail significant changes in the structure of tax payments to the budgets of the Murmansk and Vologda regions, where JSC Apatit and JSC PhosAgro-Cherepovets are among the largest taxpayers. Optimisation of production personnel at both sites in connection with the reorganisation is not planned, and all social obligations will be fulfilled as before.  After evaluating the functioning of the merged entity, PhosAgro may consider merging JSC Metakhim with JSC Apatit, thus completing the merger of the Company’s production assets into one legal entity. The transition to a single entity for the Company’s production assets and PJSC PhosAgro is currently not being considered.