Panel of commercial success stories and failures at SPIEF 2021


SAINT PETERSBURG, Russia, June 11, 2021 / PRNewswire / – Independent Director of PhosAgro Jim Rogers participated at a panel discussion at the St. Petersburg International Economic Forum titled “Lessons Learned During the Pandemic: Stories of Business Successes and Failures”, where he offered his perspective on the personal, professional and social experience gained during the coronavirus pandemic.

Opening of the meeting, Andrei Sharonov, president of the Moscow School of Management SKOLKOVO and board member of PhosAgro, noted that the pandemic has forced companies to face new challenges and dilemmas, in which they often had to balance human and economic factors. Risks to employee health, supply chain disruptions, remote working, restrictions on business travel – all these factors and many more have affected businesses and caused them to rethink their priorities.

Jim rogers stated that the concern, openness and participation of the business community can and should become a key part of corporate culture, and only then can the world avoid the large-scale consequences of such crises. “In Russia, I have seen such team spirit and companies fighting to keep their employees healthy. PhosAgro, for example, spent more than 3.5 billion rubles fight against the coronavirus. After the first signs of the pandemic appeared, the company quickly developed an action plan to protect the health of employees in several regions at the same time, ”said Jim rogers. “It was essential for us to communicate with all team members and make sure they felt safe in their workplace. Timeliness, clarity and relevance of actions at the start of the pandemic, when the situation was constantly changing and we had little knowledge. virus, saved time and minimized the number of people infected. Thanks to its strategic focus on people, the Company has managed to avoid disrupting important business processes and, moreover, to avoid having to shut down operations. At the end of 2020, PhosAgro not only did not reduce production, but increased production, created additional jobs and, in a difficult situation, was able to remain the guarantor of the well-being of its employees. PhosAgro has done an excellent job ”, concluded Jim rogers.

Christina tikhonova, chairman of Microsoft Rus, agreed that during the pandemic, strengthening corporate culture, sustaining cooperation within companies and building effective teams were especially important.

Mikhail Karisalov, CEO of SIBUR LLC, noted that the pandemic and the shift of a large portion of employees to remote work has made the issue of comfortable working conditions particularly relevant. Access to technical equipment and software and the ability to organize work and space while working remotely are important efficiency factors during and after the pandemic.

During the discussion, Andrei Sharonov also said he was impressed with how many companies, including PhosAgro, have supported all residents of the towns where they operate, without limiting their assistance to their employees alone. According to Sharonov, this is a shining example of the corporate social responsibility that Russian companies demonstrated during a difficult time of crisis.

About PhosAgro

PhosAgro (www.phosagro.com) is one of the world’s leading producers of vertically integrated phosphate fertilizers in terms of production volumes of high quality phosphate rock and phosphate rock fertilizer with a P2O5 content of 39% and more. The ecological fertilizers from PhosAgro stand out for their high efficiency and they do not lead to soil contamination with heavy metals.

The Company is the largest producer of phosphate-based fertilizers in Europe (by total combined capacity for DAP / MAP / NP / NPK / NPS), the largest producer of high grade phosphate rock with a P2O5 by 39%, one of the world’s three leading producers of MAP / DAP, one of the main producers of food phosphates (MCP) in Europe, and the only producer of Russia, and that of Russia sole producer of nepheline concentrate (according to the RAFP).

The main products of PhosAgro include phosphate rock, more than 50 grades of fertilizers, food phosphates, ammonia and sodium tripolyphosphate, which are used by customers in more than 100 countries covering all inhabited continents of the world. . The Company’s priority markets outside of Russia and the CIS are Latin America, Europe and Asia.

PhosAgro shares are traded on the Moscow Stock Exchange and global certificates of deposit (GDR) for the shares are traded on the London Stock Exchange (under the symbol PHOR). Since June 1, 2016, the Company’s GDRs have been included in the MSCI Russia and MSCI Emerging Markets indices.

SOURCE PhosAgro



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