Public () | |
Traded as | MCX: AKRN, : |
Industry | Chemicals |
Founded | 1961 |
Headquarters | Velikiy Novgorod, Russia |
Key people
|
Vladimir Kunitsky, (CEO) Alexander Popov, (Chairman) |
Products | Nitrogen fertilizers, nitrates |
Revenue | US$ 1.33 billion (2016) |
Profit | US$ 381 million (2016) |
Number of employees
|
11,201 |
Website | www.acron.ru/en |
Acron Group (Russian: Группа Акрон) is a Russian group of interrelated companies and one of the leading global mineral fertilizer producers in the world.
At the core of the Group are two production facilities, Acron (established in 1961) and Dorogobuzh (established in 1966), which at one time formed the basis of the Soviet fertiliser industry. After the collapse of the Soviet Union, both enterprises were privatised, underwent a large-scale revamping and adopted the long-term reconstruction and upgrade programme and consolidated corporate governance system. Early in this decade the Company set a course to develop a vertically integrated business. Today, in addition to its production assets, the Group has its own logistics and distribution networks and is investing in raw material projects. In order to strengthen its hand in the world's largest fertiliser market – China – in 2005 the Group acquired complex fertiliser producer Hongri Acron and created its own extensive distribution network. In August 2016 Hongri Acron plant was sold to a Hong Kong industrial and investment company. In 2011 the company entered a joint venture with Rio Tinto to develop the Albany potash prospect in Saskatchewan, Canada.
Shareholder structure as of 30 June 2017
Vladimir Kunitsky, Chairman of the Managing Board and CEO (since 29 July 2011). Vladimir Gavrikov was executive director in 2005–2011; he is still a member of the board of directors and also a deputy of the duma (parliament) of Novogord Oblast.
Alexander Popov, Chairman of the Board of Directors.
The Group’s ultimate parent is Subero Associates Inc (British Virgin Islands). The Group is ultimately controlled by Mr Viatcheslav Kantor.
Acron is a global mineral fertiliser producer with a diversified product portfolio consisting of complex fertilisers such as NPK and bulk blends, and nitrogen fertilisers such as urea, ammonium nitrate and urea-ammonium nitrate. The Group's key markets are Russia, China and other Asian countries, Europe, Americas.
Acron has two production facilities – Acron (Veliky Novgorod, Russia) and Dorogobuzh (Smolensk Region, Russia). 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 Muuga port. The Group operates distribution networks in Russia and China. Acron employs over 11,000 people. North-Western Phosphorus Company (NWPC) was established by Acron in 2005 to secure an independent phosphate raw material base. On 24 October 2006 NWPC obtained state licences to develop apatite-nepheline ore deposits at the Oleniy Ruchey and Partomchorr fields in the Murmansk region.
Oleniy Ruchey Mine: