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Ruslan Shigabutdinov headed the board of directors of KOS

April 30/2021

MOSCOW (MRC) - General Director of TAIF PJSC Ruslan Shigabutdinov has been elected Chairman of the Board of Directors of Kazanorgsintez PJSC, the company said.

His candidacy was unanimously approved at the annual general meeting of shareholders of the enterprise. The previous composition of the Executive Directorate of Kazanorgsintez PJSC remained unchanged. It includes General Director Farid Minigulov, Chief Engineer Rafael Safarov, Deputy General Director for Personnel and General Issues Aidar Akhmetshin, Deputy General Director for Production Rinat Zaripov, Chief Accountant Larisa Kaleeva, Deputy General Director for Economics and Finance Fanis Kalimullin, Deputy General Director for corporate management of property and investments Bulat Sabirov; Deputy General Director for Economic Security and Regime Rostislav Sarkisov; Deputy General Director for Commerce Timur Sulteev.

Chairman of the Board Ruslan Shigabutdinov on behalf of the Board of Directors and the entire staff of Kazanorgsintez PJSC expressed gratitude and gratitude to Zeljko Milich and Rinat Sabirov for their fruitful activities.

Earlier it was reported that SIBUR and TAIF on April 26 announced the start of the merger of the oil and gas chemical businesses of the companies. As part of the merger, a company will be created on the basis of SIBUR Holding PJSC, in which the current shareholders of TAIF PSC will receive a 15% stake in exchange for the transfer of a controlling stake in a group consisting of petrochemical and energy enterprises.

Earlier it was reported that Kazanorgsintez began a project to build a production of polyethylene-vinyl acetate (EVA) and high-pressure polyethylene (LDPE). The capacity of the new production will be 100 thousand tons of EVA / LDPE per year. The Japanese company Sumitomo Chemical will act as the licensor. The production complex will be located on a free site, inside the territory of Kazanorgsintez. To implement the project, it is planned to use the company's own funds and attract debt financing.

Ethylene and propylene are feedstocks for producing polyethylene (PE) and polypropylene (PP).

According to MRC's ScanPlast report, Russia's estimated polyethylene (PE) consumption totalled 356,370 tonnes in the first two month of 2021, down by 9% year on year. Shipments of exclusively low density polyethylene (LDPE) increased. At the same time, polypropylene (PP) shipments to the Russian market was 246,870 tonnes in January-February 2021, up by 30% year on year. Supply of homopolymer PP and PP block copolymers increased.

Kazanorgsintez PJSC is one of the largest polyethylene producers and the only polycarbonate producer in Russia (part of TAIF Group). The only Russian member of the international Association "PE100 +". All products manufactured by Kazanorgsintez PJSC are certified in the system of the State Standard of the Russian Federation. The enterprise is the largest exporter of polyethylene among Russian manufacturers. Kazanorgsintez PJSC supplies products to 31 countries of the world.
Author:Anna Larionova
Tags:ABS, PP, PE, Kazanorgsintez, Nizhnekamskneftekhim, Sibur Holding, Taif -NK.
Category:General News
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