Group’s Consolidated Output (Operating Results for Acron, Dorogobuzh and Hongri Acron)
| Stated in ‘000 tonnes | 1Q 2012 | 1Q 2011 | YOY |
| Ammonia | 475.1 | 462.4 | 3% |
| Incl. inhouse consumption | 438.9 | 409.8 | |
| Nitrogen fertilisers, including: | 688.5 | 635.9 | 8% |
| Incl. inhouse consumption | 101.3 | 95.9 | |
| Ammonium nitrate | 419.0 | 397.5 | 5% |
| Incl. inhouse consumption | 31.2 | 31.5 | |
| Urea | 125.3 | 111.7 | 12% |
| Incl. inhouse consumption | 70.1 | 64.4 | |
| Urea-ammonium nitrate (UAN) | 144.2 | 126.7 | 14% |
| Complex fertilisers, including: | 735.6 | 688.4 | 7% |
| Incl. inhouse consumption | 17.1 | 14.4 | |
| NPK | 637.6 | 605.7 | 5% |
| Incl. inhouse consumption | 17.1 | 14.4 | |
| Bulk blends | 98.1 | 82.7 | 19% |
| Organic compounds, including: | 90.4 | 94.6 | -4% |
| Incl. inhouse consumption | 47.5 | 49.6 | |
| Methanol | 18.5 | 18.7 | -1% |
| Incl. inhouse consumption | 17.2 | 18.0 | |
| Formalin | 32.5 | 34.3 | -5% |
| Incl. inhouse consumption | 30.3 | 31.4 | |
| Urea-formaldehyde resins (UFR) | 39.4 | 41.6 | -5% |
| Non-organic compounds, including: | 191.8 | 170.8 | 12% |
| Low-density and technical-grade ammonium nitrate | 63.2 | 48.3 | 31% |
| Calcium carbonate | 78.6 | 68.2 | 15% |
| Liquid carbon dioxide | 12.4 | 10.2 | 21% |
| Argon | 1.9 | 1.8 | 8% |
| Hydrochloric acid | 35.7 | 42.3 | -16% |
| TOTAL COMMERCIAL OUTPUT (output less own consumption) | 1,576.6 | 1,482.4 | 6% |
Acron’s Board of Directors Chair Alexander Popov comments on the results:
“We have had a very dynamic beginning of 2012. First quarter operating performance demonstrates that we have been running at full capacity with high demand for our products.
“Higher ammonia production and processing allowed us to increase output of nitrogen fertilisers by 8% and complex fertilisers by 7% compared with the first quarter of 2011. This performance stands out against the overall 8% drop in domestic mineral fertiliser production.
“At the end of the first quarter, we launched a new urea unit and increased output to 800,000 tonnes. Now we have the ability to further increase our nitrogen fertiliser output.
“In the industrial segment, a slight slide in organic compounds output was offset by a rise in non-organic compounds production.
“The price environment in the beginning of the reporting quarter was worse than in the fourth quarter last year due to temporary seasonal factors. However, as early as late March, spring demand sent global prices for some fertilisers above last year’s records, and they continue to grow. In the first quarter of 2011, the price for our key product, NPK 16-16-16, was sustainably at USD 451 per tonne, which corresponds to the 2011 average.”