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Acron Announces 9M Operating Results
November 4, 2014 11:06

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Acron, Russia’s largest NPK producer, has posted operational results for 9M 2014 of the Group’s consolidated output (including Acron, Dorogobuzh, Hongri Acron and NWPC).
“In 9M 2014, Acron Group’s output of key commercial products was 4,840 kt, up 5.5% year-on-year. Mineral fertiliser output increased 2.1% to 4,013 kt,” Chairman of Acron Board of Directors Alexander Popov was quoted on the corporate website.
“These higher operating results are mainly attributable to a 21.1% increase in UAN output in the reporting period, made possible by an upgrade that increased the UAN unit’s capacity to 1 mn tpa in early 2014. NWPC (the Oleniy Ruchey mine) also contributed to the results: apatite concentrate output in 9M 2014 reached 631 kt, up 41.9% year-on-year. In July and August 2014, the Oleniy Ruchey mine’s monthly output was 86 kt of apatite concentrate. In Q4 2014, the processing plant’s capacity will increase to 100 kt per month and annual output will reach 1.1 mn t of apatite concentrate,” he added.
“Complex fertiliser output was up 2.2% due to the output increase at our Veliky Novgorod (Russia) and Hongri Acron (China) facilities. The Veliky Novgorod facility was able to boost its output because of sustainable supplies of apatite concentrate produced by the Group,” runs the press release.
“In Q3 2014, nitrogen fertiliser and NPK markets saw slight price growth along with interruptions in natural gas deliveries to countries producing nitrogen fertilisers, primary to Ukraine and Egypt. Urea prices were supported by the expected closing of China’s export window. Despite lower crop prices, the buying activity of fertiliser consumers has not slowed. Decrease in demand is limited to certain regions, such as the U.S., where a record crop yield is expected, Popov commented on the market trends.
“Despite of the fact that over 9M 2014 the global prices for key nitrogen fertilisers were down 4-8% year-on-year, Q3 2014 prices were higher than in Q2 2014 and Q3 2013,” he added.
Acron Group, with a staff of 15,722, is one of the world’s major mineral fertiliser producers. By pursuing a strategy of advanced vertical integration, including development of potash and phosphate deposits, operation of three large production facilities, own transportation infrastructure and an international distribution network, the Group is able to ensure stable and dynamic growth.
Acron Group is:
·         Russia’s largest and one of the world’s major NPK producers
·         One of Russia’s major producers of ammonia and a diversified portfolio of nitrogen fertilisers

·         A strong player in the world’s most promising markets such as China, Russia, Thailand, Brazil and the U.S. 

Author: Mikhail Vesely

Tags: Akron     

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