Acron Group Releases 1H 2011 Operating Results

OREANDA-NEWS. July 21, 2011. Acron Group Announced Consolidated Output (Operating Results for Acron, Dorogobuzh and Hongri Acron).

Comments:

In H1 2011, the Group’s total commercial output was up 6% year-on-year to 2,922,000 tonnes. Higher commercial product capacity utilisation and stable operation of production facilities allowed an output increase.

Nitrogen Fertilisers and Ammonia

With the aim to fully meet the higher seasonal demand for nitrogen fertilisers Acron and Dorogobuzh production facilities increased their ammonium nitrate output 15% and 7% respectively. Liquid UAN output increased 16%. The main regions for nitrogen products sales in the reporting period were Russia, CIS, Latin America and North America.

Complex Fertilisers

In H1 2011, dry blended fertilisers accounted for major output growth in the complex fertiliser sector; their increase was considerable at both Dorogobuzh and Hongri Acron production facilities. Bulk blends are expected to reach the pre-crisis level this year. Due to ongoing strong demand from Asian countries, NPK operations at the Group’s three facilities are proceeding at full capacity.

Organic and Non-organic Compounds

In the reporting year, the Group’s facilities continued to ramp up production of industrial products. Dorogobuzh resumed production of low-density and technical-grade ammonium nitrate and calcium carbonate, and overall performance of Russia-based production facilities in terms of these products increased 21% and 16% respectively. Liquid carbon dioxide and UFR output also increased 21% and 12% respectively.

Global Prices

Global economic recovery and ongoing rise in demand for agricultural products drive the price upswing in the global mineral fertiliser market.

Indicative Global Prices for Mineral Fertilisers (USD per tonne)