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JSC Acron Holding Announces 2006 Performance

In 2006, the three companies that make up the Holding produced a total of 3,981,300 tonnes of mineral fertilizers, down slightly from 4,091,100 tonnes in 2005.

According to Acron vice-president Alexander Popov, the 2006 drop in consolidated fertilizer output was due to scheduled repairs at the Dorogobuzh ammonia plant. In 2005, the company converted its ammonia unit to a two-year cycle, for the first time operating successfully without stoppage for two years in a row.

Output was also influenced by the closing of unprofitable plants in China at the Hongri Acron site. The slight decrease was also due to demolition of the ABC fertilizer production section and the old ammonia section, which had production capacity of 50,000 tonnes per year.

The company is actively expanding capacity in other areas. As part of JSC Acron’s 2005-2015 Investment Programme, a methanol production section at Hongri Acron with a capacity of 100,000 tonnes per year was put into operation in May 2006. In Veliky Novgorod, a formalin and urea-formaldehyde concentrate plant and an amino resins plant with respective capacities of 75,000 tonnes and 105,000 tonnes per year were brought on line.

Production Breakdown:

Urea output (413,600 tonnes) remained at last year’s level. Ammonium nitrate output increased 20.3% to 1,160,800 thousand tonnes.

NPK production was 2,213,600 tonnes, close to last year’s output of 2,293,300 tonnes.

Blended fertilizer output was up 9% to 270,400 tonnes. In 2006, NP 32:6 and ABC fertilizer production were reduced to 29.8 thousand tonnes and 30.9 thousand tonnes, respectively.

Ammonia output decreased 6.9% to 1,591,000 tonnes.

Organic synthesis products were up 24% to 444,300 tonnes, with methanol output up to 157,000 tonnes against 97,400 tonnes last year.

Urea-formaldehyde resin production showed a 12% increase to 134,900 tonnes.

Press release