Acron Group

Acron Group is a leading Russian and global mineral fertiliser producer with a diversified product portfolio consisting of multi-nutrient fertilisers such as NPK and bulk blends, and straight nitrogen-based products such as urea, ammonium nitrate and UAN. In 2007, the Acron Group's total fertiliser sales volume was 4.4 million tonnes. The Group's key markets are Russia, China and other fast growing developing markets of South Asia, Latin America and former Soviet Union. Acron Group employs over 12,000 people in Russia and China. In 2008 the Acron group's consolidated revenues in accordance with IFRS were RUB 43,132 million, and net income was RUB 9,891 million, and for the three months ended 31 March 2009 consolidated revenues in accordance with IFRS were RUB 9,430 million and net loss was RUB 849 million. Acron's ordinary shares are listed and traded on the MICEX, RTS and LSE stock exchanges under the ticker "AKRN". Acron has three production facilities - Acron (Veliky Novgorod, Russia), Dorogobuzh (Smolensk Region, Russia) and Hongri Acron (Shandong Province, China). Acron's logistics and transportation capabilities include its own fleet of railway cars and three sea port trans-shipment facilities on the Baltic Sea - at the Kaliningrad port of Russia, at the Estonian Sillamäe port and at the Estonian Tallinn port. The Company operates distribution networks in Russia and China.