Annual Report

30 Apr 2009 13:57



April 30, 2009

Acron placed draft Annual Report on its web-site www.acron.ru. In compliance with Russian law this draft is subject to approval by the general shareholders meeting to be held on May 28, 2009.

For Further Information:

Acron

Elena Kochubey - Tel: +7 (495) 777 08 65

Head of Public Relations

Ilya Popov - Tel: + 7 (495) 411 55 94 

Head of Investor Relations

Notes to editors

Acron 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 2008, the Group's output of ammonia and mineral fertilisers (exclusive of own use) totaled 3.6 million tonnes. The Group's key markets are Russia, China and other Asian countries, Europe, Latin America, and FSU countries.

Acron employs over 13,000 people In 2008 the Group's consolidated revenues under IFRS were RUB 43,132  million (US$ 1,734 million), and net income was RUB 9,891 million (US$ 398 million). Acron's ordinary shares are listed and traded on the MICEX, RTS and LSE stock exchanges under the symbol "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 Group operates distribution networks in Russia and China.

Acron plans to enhance its vertical integration and secure supplies of phosphate and potash inputs through the development of its own mineral resource base. The Group owns licences to develop two apatite-nepheline ore deposits in the Murmansk region and a potassium-magnesium salts deposit in the Perm region (both located in Russia).