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Acron in the first half of 2020 at a third of the increased shipments of mineral fertilizers to the domestic market
The Acron group, one of the leading manufacturers of mineral fertilizers in Russia and the world in the first half of 2020 shipped to the domestic market of about 750 thousand tons of mineral fertilizers, 30% more than in the same period of 2019.
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According to the results of the first half of 2020 the most popular products of Russian farmers were ammonium nitrate and complex fertilisers (azofoska). The supply of ammonium nitrate of "Akron" in the domestic market amounted to more than half a million tons, 31% more than in the first half of 2019. Delivery of high performance complex fertiliser has increased over the period by a quarter and amounted to 218 thousand tons.

The largest buyers of products of the Group "Akron" on-former are agricultural enterprises of the Central and southern Federal districts of the Russian Federation.

Alexander Popov, Chairman of the Board of Directors of JSC "Akron", said: "the steady growth of demand for mineral fertilizers from Russian agricultural producers is not the first year. We are ready to continue to meet the growing needs of domestic farmers in priority order."

Recall that in late 2019, the Acron Group has signed agreements with regional agriculture departments on the supply of mineral fertilizers for the year 2020. Agreements were signed with Penza, Bryansk, Orel, Ryazan, Yaroslavl, Kursk, Ivanovo, Novgorod, Lipetsk and Belgorod areas.

Acron owns its own distribution network of JSC "Agronova", which was established in 2005 and consists of 10 specialised agrochemical companies, which allow a direct access to product consumers in major farming regions of the country. Units "Agronomy" provide services for the delivery, sale and storage of mineral fertilizers. The total storage capacity of the distribution network amount to 189 thousand tons.

 

The Acron group is one of the leading vertically integrated mineral fertiliser producers in Russia and the world. Chemical enterprises of the Group located in Velikiy Novgorod (JSC Acron) and Smolensk region (JSC "Dorogobuzh"). The group maintains its own phosphate raw materials in the Murmansk region (JSC "NWPC") and implements the project to develop potash deposits in Perm region (JSC "MCC"), has its own transportation and logistics infrastructure that includes three port terminals on the Baltic sea, and sales networks in Russia and China. A subsidiary of JSC Acron, North Atlantic Potash Inc. (NAP) owns the mining licences for 10 sites of deposits of potassium salts Evaporite Prairie in Saskatchewan (Canada). Acron also owns a minority stake (19,8%) in the Polish company Grupa Azoty S. A., one of the largest chemical manufacturers in Europe.

In 2019, the Group's sales amounted to 7.6 million tons of main products. Deliveries were carried out in 78 countries. The main markets of the Group are Russia, Brazil, Europe and the United States.

In 2019 consolidated revenue of the Group under IFRS amounted to 114 835 million (1 of 774 million U.S. dollars), net profit – 24 786 million (383 million U.S. dollars). Shares of PJSC "Akron" is included in the quotation list of the first level of the Moscow exchange, the global Depository receipts are traded on the London stock exchange (Ticker AKRN). The staff of Acron Group has more than 11 thousand people.

Detailed information about the company can be found on the website www.acron.ru



Translated by service "Yandex.Translation"
Источники: Agro2b
Tuesday, 29 September 2020
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