MOSCOW (MRC) - Kazanorgsintez (KOS, part of the TAIF group) in January-September 2021 increased its net profit by 3.1 times compared to the last year - to Rb19.9 bn, according to the company's report on Russian accounting standards.
The company's revenue grew 1.6 times - up to Rb76.5 bn, the cost price - by 32.8%, up to Rb45.6 bn, sales profit - 3.2 times, up to Rb25.8 bn, profit up to taxation increased by 3 times - up to Rb25 bn.
Earlier it was reported that in the first nine months Kazanorgsintez produced 512 thousand tons of polyethylene and 72,000 tonnes of polycarbonates. In general, the production output at the enterprise in January - September 2021 decreased by 4.4%. Including the production of low-density polyethylene fell by 13.5%, the company focused on the maximum production of more expensive high-density polyethylene.
The general director of Tatneftekhiminvest-holding Rafinat Yarullin noted that this year the problem with the supply of raw materials to polyethylene plants at Kazanorgsintez is increasing.
According to the ScanPlast survey of MRC, last month the total volume of HDPE production at Kazanorgsintez decreased to 19,400 tonnes against 29.500 tonnes in August, the decrease in production was due to a stop for preventive maintenance in mid-September. Thus, for the period under review, the total production of this type of polyethylene amounted to 283,600 tonnes, which is 26% less than a year earlier.
According to the ICIS-MRC Price Report, Kazanorgsintez (KOS, part of the TAIF group) partially stopped the operation of its polyethylene (PE) production facilities due to technical problems. By 21 October, KOS partially stopped production of low-density polyethylene (LDPE) and high-density polyethylene (HDPE) due to technical problems. The idle capacity is unplanned, the time frame for reaching full capacity has not yet been announced.
It is also worth noting that from October 12, Stavrolen stopped its HDPE capacities for scheduled repairs. The Budennovsk manufacturer plans to resume production of PE from 17 November. The annual production capacity is 300,000 tonnes.
PJSC Kazanorgsintez is one of the largest enterprises in the Russian Federation (PJSC TAIF Group of Companies). It produces 40% of all Russian polyethylene and is its largest exporter. Currently, PE, polycarbonate (PC), polyethylene pipes, phenol, acetone, bisphenol A are produced. KOS is the only Russian PC manufacturer. There are 170 types of products in total. The annual production volume is 1.6 million tonnes. The enterprise is the largest producer of low-pressure polyethylene (HDPE) pipes in Russia. The annual production capacity of HDPE is 540,000 tonnes, and LDPE - 225,000 tonnes.
MRC