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Nizhnekamskneftekhim's shareholders summarized results of 2009

April 21/2010

(NKNH.ru) -- Results of Nizhnekamskneftekhim's operations in 2009 were discussed at the Annual Meeting of Shareholders held on April 15, 2010. The meeting was attended by President of the Republic of Tatarstan Rustam Minnikhanov.

 

The report on the results of financial and economic activities in 2009 was presented by Vladimir Busygin, General Director of Nizhnekamskneftekhim. The previous year turned out to be the period of getting over the consequences of the world economic crisis. Thanks to the anti-recession measures taken at the Company the revival and recovery became quite evident in the second quarter of 2009, the pre-depression level of output was reached in the third and fourth quarters. The commercial production output exceeded the sum of 57 billion rubles in the reported year, and the Company fulfilled its obligations as to product shipments to its partners. Sales proceeds moved at 60.3 billion rubles, while exports amounted to 31 billion rubles. Company's capitalization increased 2.4 times and moved at 23.3 billion rubles.

 

Polyethylene production was put into operation in February 2009, at capacity of 230,000 kta, which brought overall plastics output to 600,000 tons a year. That was a significant event because commissioning of that plant meant successful completion of the program of transition from production of monomers to polymers. Production of plastics and new rubber grades promotes development of private business at Nizhnekamsk industrial area. Presently, the most demonstrative example is the establishment of the Industrial Park in Kamskiye Polyany on the basis of Public Private Partnership, under the auspices of Nizhnekamskneftekhim.

 

mrcplast.com

Shareholders of OAO Nizhnekamskneftekhim summarized results of 2009

MRC Reference

PP-block - 34.7%,

 PP-random - 22.1%);

 polystyrene - 34.5%.

Leader in polymer processing technologies:

 moulding.


 

 

 

 

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