Russia's Acron increases first-half fertilizer production volumes

13 July 2012 10:29  [Source: ICIS news]

MOSCOW (ICIS)--Acron's first-half production increased year on year with a 16% rise in nitrogen fertilizers to 1.427m tonnes and higher volumes in other products, the Russian producer said on Friday. 

Production of mixed fertilizers was 4% up year on year at 1.339m tonnes, while ammonia output increased 5% to reach 945,900 tonnes, the fertilizer holding said in a statement.

Volumes were up due to "sustainable"demand, notably in the developing markets, Acron CEO Alexander Popov said. The mineral fertilizer market situation remains "predictable" internationally, he added.

Acron holding controls OAO Acron, based in Novgorod region, northern Russia, OAO Dorogobuzh in the Smolensk region of central Russia, as well as China's Acron-Hunzhi, based in Shandong province.

By: Sergei Blagov
+44 20 8652 3214

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