Acron (company)

Infobox_Company | company_name = Acron
company_type = Public/Joint stock company
(RTS|AKRN)
(MICEX|AKRN)
(lse|AKRN)
company_
company_slogan =
foundation = 1992
location = flagicon|Russia Velikiy Novgorod, Russia
area_served = Russia, China, Europe, Latin America, former Soviet Union
key_people = Ivan Antonov (President and CEO), Alexander Popov (Chairman of the board)
industry = Agriculture, Chemicals
products = Nitrogen fertilizers, nitrates
revenue = increaseRUR 31,105 million (2007)cite web |url=http://www.acron.ru/?pt=242&article=1033 |title=IFRS 2007]
operating_income = | net_income = profitRUR 5,668 million (2007)
num_employees =
homepage = [http://www.acron.ru/eng www.acron.ru]
intl = yes

Acron Group (RTS|AKRN, MICEX|AKRN, lse|AKRN) is a Russian and global mineral fertiliser company that produces multi-nutrient fertilizers such as NPK and bulk blends and straight nitrogen-based products such as urea, ammonium nitrate and UAN. Other products include methanol, formaldehyde and UFR, and inorganic synthesis products, such as low-density ammonium nitrate, carbon dioxide and calcium carbonate.

NPK, a mix of three primary nutrients, nitrogen, phosphorus and potassium, accounted for approximately half of the Group’s 4.4 million tonne of fertiliser sales by volume in 2007 [cite web |url=http://www.acron.ru/products_kf_en.html |title=Acron key production data] , making it the most important contributor to the Group’s sales. According to FERTECON, based on 2007 production output, the Group ranked first in Russia and second worldwide in the production of NPK fertilizers and accounted for approximately six per cent of the total NPK production output in China. Based on 2007 revenue, according to FERTECON, the Group was the third-largest nitrogen-focused fertilizer producer in Russia and the fourth-largest in Europe. In addition, FERTECON estimates that the Group produced approximately one per cent of the total production output of nitrogen and phosphate fertilizers globally and approximately 13% of such output in Russia in 2007.

In 2007, the Group sold a substantial proportion of its total fertilizer sales volume of 4.4 million tonnes in fast-growing, developing markets such as Russia (23%) and China (18%), as well as countries in Latin America and Asia, and other countries of the former USSR. The Group also sold 1.3 million tonnes of organic and inorganic synthesis products in 2007.

The Group has fertilizer production facilities in three locations: Acron, located in the Novgorod Oblast in the northwest of Russia; Dorogobuzh, located in the Smolensk Oblast in the central-western part of Russia; and Hongri Acron, located in the Shandong province of China. The Group has distribution networks in Russia and China. Approximately half of the Group’s sales volume in the Russian market is handled by its own distribution network. The Group sells substantially all of its sales volume designated for the Chinese market through a network of independent wholesale distributors, who sell to local retailers.

The Group also has significant logistics and transportation capabilities. These capabilities include approximately 1,700 railway units (which cover approximately half of the Group’s rail transport needs in Russia) and three sea port trans-shipment facilities on the Baltic Sea, through which the Group ships a substantial proportion of its exports.

In addition, with a view to securing supplies of phosphate and potash, the Group has acquired licenses for the development of two apatite-nepheline ore deposits in the Murmansk Oblast of Russia, and a potassium-magnesium salt deposit in the Perm Krai of Russia. Subject to availability of financing, mining equipment and suitably qualified personnel, in accordance with the terms of the licenses, the Group is to commence industrial mining and processing at these sites in 2013 and 2015, respectively. [cite web |url=http://www.magnesium.com/w3/news-room/news_open.php?news=3497 |title=Acron Subsidiary Wins Sylvinite Deposit in Russia]

External links

* [http://www.acron.ru/eng Acron official website]
* [http://www.fertilizer.org/ifa/Home-Page/LINKS/Alphabetical-order2/IFA-member-companies#J IFA member companies]
* [http://www.mineweb.co.za/mineweb/view/mineweb/en/page675?oid=49938&sn=Detail Acron is the new Russian fertilizer play as world potash prices soar] . Retrieved on 13 August 2008.
* [http://www.ft.com/cms/s/be61e218-63cf-11dd-844f-0000779fd18c,dwp_uuid=d99f2a62-30cf-11da-ac1b-00000e2511c8,print=yes.html Acron to reduce listing after commodity decline] . Retrieved on 13 August 2008.

References

References

* [http://www.fsa.gov.uk/ukla/officialPublicationOfProspectuses.do?view=true&listType=publicationOfProspectusesDetail&id=5348514 Acron's prospectus for the purposes of Directive 2003/71/EC as of 6 August 2008]