The company’s audited net profit last year was 18.0 million euro, while in 2018 it was at 47.5 million euro. AB Lifosa paid 37.7 million euro in various taxes to the state and municipality coffers.
“Fertiliser production is a very cyclical and sensitive to global changes activity, which can be impacted by both natural processes and circumstances on the international markets. Due to unfavourable weather during the autumn season last year, fertiliser prices fell in North America, which is reflected in producers’ sales indicators and reduced scope of operations. In consideration of these circumstances, Lifosa consistently invests in solutions that increase efficiency and conserve natural resources, as well as in the production of advanced ecological fertilisers, which see continuing growth around the world,” Jonas Dastikas, general manager at AB Lifosa, comments.
The company head highlights that compared to 2018, the quantities of carbamide phosphate – modern, completely water-soluble fertilisers – has increased several-fold. The company produced 18.7 thousand tonnes of these fertilisers last year (4.1 thousand tonnes in 2018). Last year, Lifosa also focused on the production of new compound mineral fertilisers containing sulphur, boron and zinc (NP(S)+B+Zn). Seventy-three thousand tonnes of these fertilisers were produced last year. The production of modern mono ammonium phosphate fertiliser, which was launched in 2017, changed little, with 0.7% less being made than in 2018.
In consideration of circumstances on the global markets and with the company focusing on new, alternative fertiliser production, Lifosa’s main production, diammonium phosphate decreased by 9.1% last year compared to 2018. Fodder phosphate production changed little, with the company producing 1.3% less of them than the prior year.
The company’s investment in sustainable development surpassed 7.6 million euro last year. Most of the investment was allocated to installing a universal complex fertiliser production line.
Around 98% of Lifosa’s production is exported. Most of this is realised in European, also North and South American, African markets. Last April, the Lithuanian Confederation of Industrialists awarded the company with the title of Lithuanian Exporter of the Year 2018 in the large companies bracket, with the company earning this accolade for the ninth time.
The crystalline urea phosphate produced by Lifosa earned the Lithuanian Product of the Year award in December last year. The company launched production of this Product in a production line opened in 2018. Lifosa invested over 14 million euro in its construction.
Since 2002, the joint-stock company Lifosa has been owned by the Swiss-registered EuroChem Group AG. It is an international company, one of the largest mineral agrochemistry enterprises in the world. The group owns production, logistics and trading companies, which operate across numerous countries around the world and employ over 26 thousand staff.
