OREANDA-NEWS. May 12, 2011. Acron Group and VTB North-West Regional Centre signed a strategic partnership agreement to arrange financing for imported equipment purchases for the Group’s investment projects.

The strategic partnership programme covers investment projects to upgrade and expand existing urea production facilities at Acron and Dorogobuzh, and to construct the Oleniy Ruchey mine. The projects are scheduled for completion in 2014. Total financing is planned at roughly USD  1 billion, part of which will be provided by VTB North-West Regional Centre.