Russia: Acron Group 2010 Operating Results

In 2010 the Acron Groups total commercial output was up 8.3% year-on-year to 5,754 thousand tonnes. Commercial output of ammonia and mineral fertilizers rose 7.5% year-on-year to 4,618 thousand tonnes. The consolidated ammonia output increased 2.4% and nitrogen fertilizers output rose 2.7% year-on-year. Due to strong demand for liquid fertilizers, Acron boosted its UAN production output 61.7%. Ammonia nitrate production was down 10.9% due to an overhaul of the ammonia unit at Dorogobuzh facilities and redistribution of Acrons capacity utilization in favor of UAN and complex fertilizers.

In 2010 global demand for complex fertilizers fully recovered, and the Groups consolidated output rose 15.7% in this segment. Due to high demand for complex fertilisers in China , Hongri Acron increased NPK production 57% to 691 thousand tonnes. Acrons commercial output of complex fertilizers was up 8.9% to 1,120 thousand tonnes, and Dorogobuzh reduced its NPK output 2.4% to 602 thousand tonnes.

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