Moscow-As part of Acron Group’s efforts to streamline its financing structure for purchasing technological equipment in 2010, the Italian Export Credit Agency SACE S.p.A has provided coverage under a contract executed between Acron and DIEMME S.p.A. (Italy) providing for payment in installments over seven years for the equipment supplied from Italy. Based on its successful prior experience, Acron intends to further cooperate with SACE in order to strengthen and expand trade relations with Italian hi-tech equipment manufacturers. Currently Acron is implementing a large-scale investment program, under which it will import equipment for ~US$300 million from the EU, Japan, and the U.S. to upgrade its existing facilities and build new production facilities. These purchases are funded by long-term financing covered by export credit agencies.
Transparency Across the Fertilizer Value-Chain