Russian Ice Hockey Federation to wage ruthless war on doping abuseSport July 26, 19:53
Two Siberian residents jailed for killing three zoo birds in failed barbeque attemptSociety & Culture July 26, 18:43
Moscow slams Western media allegations about alleged Russian support for TalibanRussian Politics & Diplomacy July 26, 18:31
Ex-Georgian president Saakashvili stripped of Ukrainian citizenshipWorld July 26, 18:25
Russia bolsters military potential in South to respond to emerging threats — defense chiefMilitary & Defense July 26, 16:09
Moscow to frame stance on new sanctions once US bill becomes lawRussian Politics & Diplomacy July 26, 16:03
Kazakhstan hopes to develop its own module for joint space station with RussiaScience & Space July 26, 15:34
EU diplomats move to slap more sanctions on Russia over Siemens turbines furorBusiness & Economy July 26, 15:11
London court binds Ukraine to pay par value of Eurobonds to RussiaBusiness & Economy July 26, 15:05
MOSCOW, August 3. /TASS/. Acron sold its subsidiary holding 50.5% shares in China’s Hongri-Acron, the Russian fertilizers company said on Wednesday.
An investment and industrial company from Hong Kong acted as a buyer, Acron said.
"In line with Acron Group’s long-term development strategy, we decided to sell our stake in Hongri Acron plant in China and focus on further development of our Russian production assets. Nevertheless, China has been and will remain our key partner and a priority market to sell our products outside Russia. For this reason, Acron Group will maintain its strong presence in China turning our efforts to advancing the local distribution network Yong Sheng Feng, which has been successfully selling Russian fertilizers under Acron brand in the Chinese market for eight years," Acron’s Board Chairman Alexander Popov commented on the deal.
Acron specializes in production of mineral fertilizers.