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Acron Group to rename its international sales companies

Acron Group has made a decision to rename its international sales companies, the company said in a press release.

In particular, the name of the Switzerland-based Agronova Europe AG has been changed to Acron Switzerland AG and the U.S.-based Agronova International Inc. has become Acron USA Inc.

"This step will improve Acron's trademark recognition and enhance brand alignment between the Group's production facilities and its sales companies as part of the effort to support further expansion of the distribution network and penetration of target markets", Dmitry Khabrat, Vice President Overseas of Acron, noted.

At the end of 2017, Acron Group established Acron France SAS in Paris to distribute urea-ammonium nitrate (UAN) and dry fertilisers in France and neighbouring countries. The name for this company was chosen in line with Acron's new policy.

Acron Group is a leading vertically-integrated producers of mineral fertilizers in Russia and worldwide. The Group's chemical production facilities are located in Veliky Novgorod (PJSC Acron) and Smolensk region (PJSC Dorogobuzh). The group is engaged in the own production of phosphate raw materials in Murmansk region (JSC NWPC) and intends to implement a potassium deposit development project in Perm Krai (CJSC Verkhnekamsk Potash Company). Also, Acron Group has own transport and logistics infrastructure and sales networks in Russia and China. Acron's subsidiary North Atlantic Potash Inc. (NAP) owns permissions for geological prospecting at 11 sites of the Prairie Evaporate potassium salt deposit in the Saskatchewan province (Canada). Acron also owns a minority 19.8% stake in Poland's Grupa Azoty, one of the biggest producers of chemicals in Europe.

IFRS net profit of Acron for 9 months 2017 decreased to RUB 10.135 billion from RUB 21.423 billion the year before. Revenue increased by 4% year-on-year to RUB 69.289 billion from RUB 66.785 billion.

"AK&M", 11.01.2018 18:34


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