News

• 16.09.2016 PJSC «Nizhnekamskneftekhim» masters bimodal polyethylene for the production of sheathed power cable
  

  PJSC «Nizhnekamskneftekhim», in cooperation with the enterprises of Tatarstan, is mastering a new development in production i.e. the production of bimodal polyethylene for power cable sheath. Nizhnekamsk polyethylene can be used as an alternative to imported materials in the production of power cables. These are the results of comparing the quality indicators of the polyethylene Brand RE6146KM with import analogues, as well as the positive results of the process of applying bimodal polyethylene sheath on the cables manufactured by Tatkabel.

  Forum "Plastics - Import Substitution in the Cable Industry" took place on September 8, 2016 within the framework of the XXIII Tatarstan petrochemical Forum. Specialists of PJSC «Nizhnekamskneftekhim» reported on the results of a joint work with Tatkabel and R&D ChemTech associated with research and polyethylene tests for power cables oversheath. The Forum was organized by RT Ministry of Industry, with the participation of representatives of PJSC «Nizhnekamskneftekhim», PJSC Kazanorgsintez, Tatkabel Plant, R&D ChemTech, Kama plant polymer materials, KNRTU and others. Experts discussed possibilities of using certain brands of domestic polyethylene made by PJSC «Nizhnekamskneftekhim» and PJSC Kazanorgsintez, instead of imported materials in the production of power cables.

  Nizhnekamsk specialists carry on research and testing of bimodal polyethylene brand. As of     to-day, three stages of the planned works out of four have been carried out. Expected completion of the tests is scheduled at the end of September 2016.
• 09.09.2016 Linear Alpha Olefins facility (LAO) is Awarded a Grand Prix at the All-Tatarstan Petrochemical Forum
  

  On August 20, 2016 the LAO production facility was commissioned in the oligomers plant at PJSC «Nizhnekamskneftekhim». A contest was held 7-9 September 2016 in Kazan with “The  Best Exhibit, the Best Project or the Best Technical Solution” nomination.

  PJSC «Nizhnekamskneftekhim» was awarded a Grand Prix "For the organization of the production of linear alpha-olefins, C4 fractions (Butene-1) and C6 (Hexene-1) and products based on them"

  The award was accepted by the CEO, Azat Bikmurzin from the hands of the President of the Republic of Tatarstan Rustam Minnikhanov.

  The 23rd All-Tatarstan Petrochemical Forum was attended by more than 200 companies from dozens of countries, including Russia, Azerbaijan, Germany, China and Poland.
• 25.08.2016 Results of economic activity for 6 months approved
  

  The regular meeting of the Board of Directors of PJSC «Nizhnekamskneftekhim» was held in Kazan on August 25, 2016 under the chairmanship of Vladimir Busygin, chairman of the Board of Directors of the Company.

  The Board of Directors approved the plans of activities of the Audit Committee and the HR and Remuneration Committee for 2016 – 2017.

  The Board members adopted the results of financial and economic activity of PJSC «Nizhnekamskneftekhim» and of NKNK Group in general for 6 months of 2016. The plan of commercial production was exceeded by the Company by 8.8% in January – June. Over 336.7 thousand tons of rubber was produced and 368.7 thousand tons of plastics. Increase in output in physical terms compared to same period of 2015 is 2.3%. SKD-N rubber production increased by 34.5% and halobutyl rubber production – by 14%, production of plastics was increased too. Revenue from sales of products and services at half-year end for NKNK Group reached 86.3 billion rubles.

  The Board of Directors acknowledged the information about the receivables and payables of PJSC «Nizhnekamskneftekhim» as of July 01, 2016; analysis of loan and pledge portrolios, efficiency of investments into subsidiaries and associates of PJSC «Nizhnekamskneftekhim» at half-year end of 2016.

  The Board members acknowledged the information about the actual payments of PJSC «Nizhnekamskneftekhim» to the consolidated budget of the Republic of Tatarstan in the first half of 2016 that amounted to over 4 billion 486 million rubles.

  Consideration was also given to utilization of production capacities and reciprocal deliveries of crude hydrocarbons and petrochemical products between Nizhnekamskneftekhim, and the companies of the RT gas and petrochemical complex and the entities of the small industrial business as part of resolution of the Board of Directors of OAO “Tatneftekhiminvest-holding”, and the information on the activities of the internal supervision department of the Company in the first half of 2016.