After the collapse of the Soviet Union, both enterprises were privatised, underwent a large-scale revamping and adopted the long-term reconstruction and upgrade programme and consolidated corporate governance system.

In addition to its production assets, the Group has its own logistics and distribution networks and is investing in raw material projects.

In August 2016 Hongri Acron plant was sold to a Hong Kong industrial and investment company.

[3] In 2011 the company entered a joint venture with Rio Tinto to develop the Albany potash prospect in Saskatchewan, Canada.

North-Western Phosphorus Company (NWPC) was established by Acron in 2005 to secure an independent phosphate raw material base.

On 24 October 2006 NWPC obtained state licences to develop apatite-nepheline ore deposits at the Oleniy Ruchey and Partomchorr fields in the Murmansk region.

The Group is currently developing its own distribution network in China, called Yong Sheng Feng.

Agronova comprises 10 specialised agrochemical companies, which allow direct access to product consumers in major farming regions of the country.