10 October 2018

Acron and REP Holding concluded the strategic partnership agreement

PJSC “Acron” and JSC “REP Holding” concluded the strategic partnership agreement within the framework of the Russian agro-industrial exhibition “Golden Autumn”. Within the frames of partnership, the cooperation development of the innovative projects is planned.

From the side of “Acron”, the document was signed by the President of the company, Mr. Vladimir Kunitsky, from the side of “REP Holding”, by the President of the company, Mr. Tagir Nigmatulin.

The agreement foresees the development of strategic cooperation between the companies within the frames of different areas, including the assessment of the possibility of using import substitution technological solutions of JSC “REP Holding” at the production sites of PJSC “Acron”. The companies also agreed the joint development of the priority innovative projects and create the conditions for the new products implementation.

“The strategic partnership agreement was signed between our companies creates a platform for the further development of mutually beneficial relations between PJSC “Acron” and JSC “REP Holding”, said Mr. Vladimir Kunitsky, the President of PJSC “Acron”. In particular, during next three years we are planning to work together on the design, manufacturing, installation and commissioning of turbine units for the production of nitric acid at our Novgorod enterprise. This scope of work allows to increase the volume and improve the quality of the product”.

“PJSC Acron is an innovatively oriented company, which is actively expanded and reequipped the existing production facilities,” said Mr. Tagir Nigmatulin, the President of REP Holding. - We are confident that this agreement will be the solid basis for our joint projects and transactions. In prospective, during the nearest 10 years, we are planning to manufacture and ship to Acron 8 turbine units, manufactured by our company. ”

Acron Group is one of the leading vertically integrated manufacturers of mineral fertilizers in Russia and in the world. The chemical enterprises of the group are located in Veliky Novgorod (PJSC Acron) and the Smolensk Region (PJSC Dorogobuzh). The group performs its own extraction of phosphate raw materials in the Murmansk region (JSC NWPC) and implements the potash in the Perm region (CJSC VKK), the group has its own transport and logistics infrastructure, including three port terminals in the Baltic, and distribution networks in Russia and China. Subsidiary of PJSC Acron - North Atlantic Potash Inc. (NAP) - owns mining licenses at 13 sites of the Prairie Evaporit potash salt deposit in the province of Saskatchewan (Canada). Acron also owns a minority shareholders (19.8%) in Polish company Grupa Azoty S.A., one of the largest manufacturer of chemical products in Europe.

JSC “REP Holding” is the leading Russian power engineering holding, developer, manufacturer and supplier of new generation power equipment. Since 2010, REP Holding was included into the industrial group of Gazprombank. REP Holding performs the design development, manufacturing and comprehensive supply of energy and electrical equipment for the oil and gas, metallurgical and chemical industries, for the energy sector and the power grid complex. REP Holding is the key Russian manufacturer of gas turbine and compressor equipment for the largest infrastructure projects of the country, the manufacturing leader at the segment of the industrial gas turbines of average power, the only Russian manufacturer of industrial gas turbines of 16 and 32 MW and compressors of mixed refrigerant for the production of LNG.

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