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News Article | April 28, 2017
Site: globenewswire.com

Acron (Moscow Exchange and LSE: AKRN) has released draft 2016 Annual Report on its website http://www.acron.ru/en/. To comply with the Russian law, the draft is subject to approval by the annual general meeting. Acron Group is a leading vertically integrated mineral fertiliser producer in Russia and globally, with chemical production facilities in Veliky Novgorod (Acron) and Smolensk (Dorogobuzh). The Group owns and operates a phosphate mine in Murmansk region (NWPC) and plans to implement a potash development project in Perm Krai (VPC). It has a wholly owned transport and logistics infrastructure and distribution networks in Russia and China. In 2016, the Group sold 6.4 million tonnes of various products to 63 countries, with Russia, Brazil, Europe and the United States as key markets. In 2016, the Group posted consolidated revenue under IFRS of RUB 89,359 million (USD 1,333 million) and net profit of RUB 25,525 million (USD 381 million). Acron's shares are on the Level 1 quotation list of the Moscow Exchange and its global depositary receipts are traded at the London Stock Exchange (ticker AKRN). Acron employs over 11,000 people. For more information about Acron Group, please visit www.acron.ru/en.


News Article | April 26, 2017
Site: globenewswire.com

Change of Stake in Acron's Authorised Capital Held by a Member of Its Management Body Member of Acron Management Board Ivan Antonov increased his shareholding in Acron, bringing up his stake in Acron's authorised capital to 0.0818% from 0.0809%. Acron Group is a leading vertically integrated mineral fertiliser producer in Russia and globally, with chemical production facilities in Veliky Novgorod (Acron) and Smolensk (Dorogobuzh). The Group owns and operates a phosphate mine in Murmansk region (NWPC) and plans to implement a potash development project in Perm Krai (VPC). It has a wholly owned transport and logistics infrastructure and distribution networks in Russia and China. In 2016, the Group sold 6.4 million tonnes of various products to 63 countries, with Russia, Brazil, Europe and the United States as key markets. In 2016, the Group posted consolidated revenue under IFRS of RUB 89,359 million (USD 1,333 million) and net profit of RUB 25,525 million (USD 381 million). Acron's shares are on the Level 1 quotation list of the Moscow Exchange and its global depositary receipts are traded at the London Stock Exchange (ticker AKRN). Acron employs over 11,000 people. For more information about Acron Group, please visit www.acron.ru/en.


News Article | April 26, 2017
Site: globenewswire.com

*    Commercial output is output less in-house consumption. **  Excluding Hongri Acron output (due to sale of the plant in 2016) Chairman of Acron's Board of Directors Alexander Popov comments:  "In Q1 2017, commercial output of mineral fertilisers and ammonia was up an amazing 25%. The Group's total output of its core commercial products was 1,773 kt, up 17.8% year-on-year. "Output increased mainly due to the operation of the new ammonia unit, commissioned in 2016 at Acron's production site in Veliky Novgorod. Moreover, Dorogobuzh upgraded its AN and NPK units in 2016, which led to record high production of these products in Q1 2017, both for Dorogobuzh and the Group. The significant increase in bulk blends output was due to production diversification and alignment with changing market needs. Production of apatite concentrate at the Oleniy Ruchey mine was down due to extensive overburden rock removal in the reporting period. Novgorod-based Acron increased commercial output 29.8% year-on-year, and commercial output at Dorogobuzh was up 9.7%. "We are successfully utilising the production potential of our new capacity, and we are confident that our output numbers will continue on a growth trend". In early 2017, urea prices continued to rise due to high seasonal demand. In February 2017, prices reached USD 260 FOB Baltic Sea Ports. Chinese producers increased capacity utilisation to 60%, against 50% at the beginning of the year. As a result, Chinese exports increased just as spring sowing orders began to wind down, causing prices to fall back to USD 210 FOB Baltic Sea Ports in April. It should be noted that prices remain high for coal, which is the main input for urea production in China, which makes most of the country's urea producers unprofitable. As a result, we expect a decrease in Chinese capacity utilisation during the following months, which will support urea prices above USD 200 FOB China. Prices for premium nitrogen products like AN and UAN also increased in Q1 2017 due to strong seasonal demand and the upward trend for urea, which is the base product. The AN premium remained high, while the UAN premium was still under pressure from the commissioning of new capacity in the United States and increased production. In Q1 2017, NPK prices started to recover after a decline in 2016 due to higher prices for base products and strong seasonal demand. Premiums above the basket of products remained flat. Acron Group is a leading vertically integrated mineral fertiliser producer in Russia and globally, with chemical production facilities in Veliky Novgorod (Acron) and Smolensk (Dorogobuzh). The Group owns and operates a phosphate mine in Murmansk region (NWPC) and plans to implement a potash development project in Perm Krai (VPC). It has a wholly owned transport and logistics infrastructure and distribution networks in Russia and China. In 2016, the Group sold 6.4 million tonnes of various products to 63 countries, with Russia, Brazil, Europe and the United States as key markets. In 2016, the Group posted consolidated revenue under IFRS of RUB 89,359 million (USD 1,333 million) and net profit of RUB 25,525 million (USD 381 million). Acron's shares are on the Level 1 quotation list of the Moscow Exchange and its global depositary receipts are traded at the London Stock Exchange (ticker AKRN). Acron employs over 11,000 people. For more information about Acron Group, please visit www.acron.ru/en.


News Article | May 4, 2017
Site: globenewswire.com

Acron Signs a Five-year Syndicated Structured Pre-export Finance Facility for up to US$ 750 Million Acron Group has announced that on 3 May 2017 it executed a five-year syndicated structured pre-export finance facility for up to USD 750 million with a club of relationship banks. The agreement is governed by English law. The facility will be utilised for refinancing of the outstanding balance (US$ 468.2 million) under syndicated structured pre-export finance facility dated 30 December 2014 and for general corporate purposes. Coordinating Mandated Lead Arrangers and Bookrunners under the facility are Commerzbank Aktiengesellschaft, Filiale Luxemburg, Crédit Agricole Corporate & Investment Bank, ING Bank N.V., Nordea Bank AB (publ), PJSC ROSBANK, Sberbank of Russia, Société Générale S.A. and AO UniCredit Bank; joined by Credit Suisse AG, Zurich and HSBC Bank plc. as Mandated Lead Arrangers and Bookrunners, Intesa Sanpaolo Bank Luxembourg S.A. as Mandated Lead Arranger and Joint-Stock Commercial Bank BANK OF CHINA (RUSSIA) and BANK ICBC (JSC) as Lead Arrangers. Acron Group is a leading vertically integrated mineral fertiliser producer in Russia and globally, with chemical production facilities in Veliky Novgorod (Acron) and Smolensk (Dorogobuzh). The Group owns and operates a phosphate mine in Murmansk region (NWPC) and plans to implement a potash development project in Perm Krai (VPC). It has a wholly owned transport and logistics infrastructure and distribution networks in Russia and China. In 2016, the Group sold 6.4 million tonnes of various products to 63 countries, with Russia, Brazil, Europe and the United States as key markets. In 2016, the Group posted consolidated revenue under IFRS of RUB 89,359 million (USD 1,333 million) and net profit of RUB 25,525 million (USD 381 million). Acron's shares are on the Level 1 quotation list of the Moscow Exchange and its global depositary receipts are traded at the London Stock Exchange (ticker AKRN). Acron employs over 11,000 people. For more information about Acron Group, please visit www.acron.ru/en.


Antonov D.V.,LLC in Perm | Kondratiev S.A.,LLC in Perm | Zhukovskij A.A.,LLC in Perm | Kochneva T.S.,LLC in Perm
Neftyanoe Khozyaistvo - Oil Industry | Year: 2014

The experience in carrying out hydrofracturing in the fields of the Perm region is summarized. Its effectiveness dependences on the geological and physical characteristics of the reservoirs and process parameters of the performed operations are revealed. The basic directions to increase the efficiency of standard hydrofracturing and to improve technology on the basis of the results of experimental-industrial works are determined.


Vlasov A.I.,LLC in Perm | Andreev K.V.,LLC in Perm | Kyrnaev D.V.,RITEK OJSC
Neftyanoe Khozyaistvo - Oil Industry | Year: 2014

The paper provides an overview of trends and analysis of the current situation and the implementation of projects of elements of smart field. Describes the main achievements in the field of intelligent systems in the fields of the Group of companies LUKOIL in the Perm region. Criteria of selection fields for subsequent pilot projects smart field. Described production and technical audit of the development and exploitation of the deposit.

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