Phosagro AG to invest US$40.7m modernisation, Russia

Phosagro AG to invest US$40.7m modernisation, Russia
Published: 28 August 2008

Phosagro AG, the managing company of the Phosagro group, plans to invest between RUR600mn (US$24.4m) and RUR1bn (US$40.7m) in modernisation of the Soligalich cement plant in the Kostroma Region on the Volga.
 
The project will be carried out in three stages.
 
Phosagro is a major Russian chemical company headquartered in Moscow with operations across Russia. Its production facilities include Apatit, Ammophos, Cherepovetsky Azot and other companies.