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On October 3, 2018, as part of the Russian Energy Week 2018 forum, PJSC Nizhnekamskneftekhim signed a long-term loan agreement covered by the insurance policy of Euler Hermes for about 240 million Euros until the end of 2033.
The creditor will be a consortium of six banks, representing mainly the Federal Republic of Germany and organized Deutsche Bank AG. In addition to Deutsche Bank, the original lenders include UniCredit Bank AG, Bayerische Landesbank, Landesbank Baden-Wurttemberg, DZ BANK AG.
The agreement was signed by Azat Bikmurzin, the General Director of PJSC Nizhnekamskneftekhim, and Daniel Schmand representing Deutsche Bank AG, who is the head of the global trade finance department, and also heads the commercial banking department for EMEA (Europe, Middle East and Africa). The signing ceremony was attended by the President of the Tatarstan Republic Rustam Minnikhanov and the General Director of TAIF Albert Shigabutdinov.
The funds of the credit line will be used to finance the contract with Siemens as part of the project for the construction of a new electric power plant with a capacity of 495 MW (CCGT-TPP) being implemented by PJSC Nizhnekamskneftekhim.
PJSC Nizhnekamskneftekhim – is one of the largest petrochemical companies in Europe, it takes up the leading position among domestic producers of synthetic rubber, plastics and ethylene. The Company is part of TAIF Group. The company was founded in 1967. The main production facilities are located in the city of Nizhnekamsk, Republic of Tatarstan. The range of products output comprises more than 120 items. The products of the company are exported to 50 countries in Europe, America and Southeast Asia. The share of export in the total volume of production is about 50%.
TAIF group is one of the largest industrial investment companies in Russia with significant assets and a strong production potential, a flexible form of administration and a high level of management. TAIF group of companies, which unites 47 subsidiary and affiliated companies, operates in many areas. Five of them are basic: oil and gas processing and petrochemistry, energy production, construction industry, investment and service sectors. All enterprises of the Group are closely interconnected financially, technically, technologically and in management. TAIF is the largest holding in terms of production volumes among the enterprises of the petrochemical industry in Russia.
Deutsche Bank AG is the leader of the German banking industry, having a strong position in Europe, North and South America and the Asia-Pacific region. Deutsche Bank AG provides financing for trade operations, investment banking services, commercial banking services, banking services to individuals and offers products and services for managing assets and large private capital. The bank's clients include corporations, government agencies, institutional investors, small and medium-sized businesses, and individuals.
Euler Hermes is a world leader in the field of insurance and receivables management, as well as a recognized expert in the field of credit insurance. The history of Euler Hermes has more than 100 years, during which the company has experienced a series of ups and downs with the global economy, having accumulated considerable expertise in the analysis of financial and economic risks on an international scale. Company's offices are located in more than 50 countries.
Nizhnekamskneftekhim has successfully passed the second round of the competition for the award of the Tatarstan Republic Government for quality in the “Business Excellence” nomination. Such a conclusion was made by the expert committee members after checking the production and social facilities of the company. It was held from September 17 to 19.
The experts evaluated the activities of 14 divisions and the results achieved by them according to 9 criteria from financial indicators to staff satisfaction. Conclusions on the strength area of PJSC Nizhnekamskneftekhim's activities, as well as possible areas for improvement, were summarized by the committee.
The competition for award of the Tatarstan Republic Government for quality is held in two rounds among republican enterprises and organizations annually. The first round is held in absentia (in June, July) - the contestants send materials about themselves and their activities for the last 5 years to the expert committee in the form of a report. At the second round, the commission gets acquainted with the course of affairs when visiting a plant where evidence is collected that confirms the materials of the report. The issue of awarding the prize is decided according to results of the two rounds. Winning the competition gives the right to use the quality mark - the emblem of the competition to promote its brand for three years, and also contributes to strengthening its position in the market and enhancing the company's image.
PJSC Nizhnekamskneftekhim participates in competitions since 2000. It became the laureate of the competition for prize award of the Tatarstan Republic Government in 2004, 2010 and 2014, and it became the laureate of the Russian Federation in 2007 and 2014. The company received another award of the Independent Commonwealth Award for achievement in the field of product and service quality in 2008.
It is about the 160-apartment house number 52 and the 80-apartment house number 56 in Korabelnaya Street in the 49th microdistrict. Eighty eight petrochemists’ families got the keys of their own apartments - 49 of them under the social mortgage program and other 39 families under the additional housing program of PJSC Nizhnekamskneftekhim.
There are 10 floors in the new buildings, and the total living area is about 12,500 square meters. All of them are shell and core and have interior and exterior doors, plastic windows, plumbing and fire extinguishing system. Each apartment is equipped with water, gas and electricity meters and heat regulators.
The first place was taken by the team of PJSC Nizhnekamskneftekhim following the results of the XXIV Spartakiad of the Tatarstan Republican organization of the trade union of workers in the chemical industries. This year the Spartakiad was conducted in Kazan in the CRC Solnechniy territory from September 7 to 9.
The main competitions for chemists and petrochemists were timed to coincide with two anniversaries - the 60th anniversary of PJSC Kazanorgsintez and the 100th anniversary of Roskhimprofsoyuz. Eleven teams arrived to the current Spartakiad with more than 300 people competed in 7 types of competitions: field-and-track relay, tug-of-war, men's and women's volleyball, table tennis, football, chess.
PJSC Nizhnekamskneftekhim representatives were the first in the relay, women's volleyball and table tennis, and they became the second in tug-of-war and men's volleyball. Thus, the top prize of the Spartakiad - the cup – was landed to petrochemists. By the way, our athletes hold the lead positions in these competitions for many years.
PJSC Nizhnekamskneftekhim became the first Russian petrochemical company to implement a legally significant Electronic Document Management (EDM) integrated with the company’s management system to work with international companies.
Technologically, the documentation is managed via platform Kontur Diadoc of EDO AO PF SKB Kontur operator.
In 2017, Nizhnekamskneftekhim started up a project of switching to a legally significant EDM to work with domestic counterparties. The switch procedure involved not only the integration solution that allows working with electronic documents directly in accounting system ERP, but also a fundamental change in the business processes. EDM with non-residents did not require significant efforts due to the interest of counterparties in establishing electronic exchange and the simplicity of the paperwork procedure proposed by SKB Kontur for the approval of legal significance by the parties.
The scope of the first stage of the exchange project included powers of attorney for the receipt of finished goods, which significantly shortened the processing time for shipment to overseas customers and saved the cost for documentation processing. In the future, the company plans to expand the list of documents to be exchanged electronically.The use of international EDM will have a positive effect in the interaction between partners and will widen their coverage, as well as allow to indirectly facilitate the company’s document flow with currency control agents (customs, banks, tax authorities).
21 employees of Nizhnekamskneftekhim were presented with keys to their new apartments in a new residential building No. 33 on ul. Pobedy, 30. The housewarming party took place on Saturday, August 4.
The new 80-apartment house is located in the 49th microdistrict. In the 10-storey house with a total area of about 3800 square meters includes one and two-room apartments. PJSC Nizhnekamskneftekhim employees became owners of 16 apartments under the social mortgage program, and 5 more under the additional housing construction program.
Since 2005, 1219 apartments have been distributed among the company’s employees under the social mortgage program in total. Since 2015, the number of apartments distributed under the additional housing construction program made 1400. These programs are implemented by Nizhnekamskneftekhim jointly with the State Housing Fund under the President of the Republic of Tatarstan.
17 houses are expected to be built in the 49th microdistrict. The new residential building No. 33 became the fifth one. Additionally, three new buildings in the microdistrict, two 80-apartment houses and one 160-apartment house, are highly near completion.
According to the results of the first half of 2018, the gain in commercial production in comparable prices to the same period last year amounted to 101%. In physical volume, output increased almost throughout the whole main commercial product mix making 1,275 thousand tons of products, which is 55 thousand tons more than for 6 months in 2017. 358 thousand tons of rubber were produced, which is 2 thousand tons more than the same period last year.
Revenue from sales exceeded 87.5 billion rubles, growth by the same period last year - 8.1%.
July 31 is a red-letter day for PJSC Nizhnekamskneftekhim since 51 years ago to the day the first product was produced at the central gas fractionation plant of the Company. Since 1967, the Company has been celebrating its birthday on July 31. Over more than half a century of its history, the company has made a good name and image as a reliable business partner and has gained unique experience in mastering modern technologies.
Today, Nizhnekamskneftekhim is the leading Russian company in production volume and product mix, it is a brand recognized not only in our country, but also in many countries of the world and continues its successful development.
On July 19, 2018, the Board of Directors of the Company held a regular meeting by absentee voting, where the Activity Plan of the Board of Directors for 2018-2019, the structure of the HR and Remunerations Committee and the Audit Committee of the Board of Directors were approved, and members of the Executive Board of PJSC Nizhnekamskneftekhim were elected.
The Audit Committee of the Board of Directors of PJSC Nizhnekamskneftekhim was approved as follows:
The HR and Remunerations Committee of the Board of Directors of PJSC Nizhnekamskneftekhim was approved as follows:
The following members of the Executive Board of PJSC Nizhnekamskneftekhim were elected at the meeting of the Board of Directors:
July 8, the Day of Family, Love and Fidelity was celebrated in City Park “Semiya” (“Family”) with support of PJSC Nizhnekamskneftekhim. Traditionally, the best Nizhnekamsk families, including workers of the city’s major petrochemical company, became the center of attention.
Vyacheslav Borisov and Natalia Borisova, a married couple that have been living together for 41 years, were awarded medals “For Love and Fidelity”. The Borisovs is a prominent image of the labor dynasty which employment history in Nizhnekamskneftekhim dates back 257 years.
Another 12 married couples that have been working in the petrochemical company participated in “Anniversaries Parade”. These married couples represent families who have been successfully working in the petrochemical company for many years. A young specialist from the Company’s Sales Department, Matvey Aleksandrov, and his fiancée Adelya became lead characters of the theatrical engagement ceremony.A lot of citizens of all ages attended
The first in this year were 15 young specialists who joined the ranks of technicians (instrumentation and automation), all of them are graduates of Petrochemistry and Oil Refining College named after N.V. Lemayev in Nizhnekamsk. Welcoming ceremony was held today at the Automation Center of PJSC Nizhnekamskneftekhim. The future petrochemists were shown films about the Youth Policy of the Company and about the Automation Center activities. Vadim Ineshin, the Director of the Automation Center explained all peculiarities and specifics of the profession chosen by them. At the end of the meeting, they wrote employment applications.
Graduates of the basic educational institutions enjoy special attention at PJSC Nizhnekamskneftekhim. Since before joining the enterprise, they are distributed among the divisions, vacancies are reserved in advance. Each young worker is assigned to an experienced employee.
In total, in 2018, it is planned to employ more than 200 young specialists in the plants and divisions of the Company. Among them are equipment operators, machinists of pumping and compressor units, electric and gas welders, maintenance technicians, electricians for repair and maintenance of electrical equipment, laboratory assistants.
On July 3, Linde Engineering delegation, headed by Board Chairman Christian Bruch paid a familiarization visit to PJSC Nizhnekamskneftekhim. Other members of the delegation were Managing Director John van der Velden, Project director of the New Olefins Complex Roland Hein and Director of business development (petrochemical plants) Danil Efremov. In 2017, PJSC Nizhnekamskneftekhim and Linde AG signed a Primary Agreement at the SPIEF for the implementation of contracts for a New Olefins Complex with a capacity of 600 thousand tons of ethylene per year.
Today, the representatives of Linde Engineering, accompanied by the General Director of PJSC Nizhnekamskneftekhim Azat Bikmurzin, visited the production sites of the company, in particular, inspected the territory for the construction of the Olefins Complex, visited the finishing lines for synthetic isoprene rubbers (SKI-3) at the IR Plant and the control room of the Ethylene plant.
In the course of plant trip, Azat Bikmurzin told the visitors about the prospects of the company's development, about large-scale projects to increase the capacity of SKI-3 rubber production unit, which is in demand among the well-known tire manufacturers. Today, PJSC Nizhnekamskneftekhim is one of the largest producers of polyisoprene in the world.
At the Ethylene plant, the visitors were shown two new SRT-VI type Pyrolysis Heaters under construction, a modern control room, wherefrom an automated control is being conducted.
Representatives of the German company visited PJSC Nizhnekamskneftekhim for the first time and were superimposed by the scale of production, the territory of the petrochemical complex.
During the visit, further actions to implement the new project were discussed. To date, the Linde AG and PJSC Nizhnekamskneftekhim project teams in Munich and Nizhnekamsk are working according to the agreed schedule. Now, pre-construction activities are at full swing and the Foundation stone laying.
For the New Olefins Complex, the latest technologies will be used with minimal impact on the environment. The implementation of this project will require resolving many issues, such as: infrastructure development, provision with energy and raw materials resources, and highly qualified personnel.
Linde Engineering is a leading supplier of highly competitive services related to innovative and reliable process units and their components. The main production centers of the company in Germany, China, India and the USA are employed more than 3,000 highly skilled and experienced engineers. Linde Engineering excels in the development of individual technological solutions. Linde’s customers are from more than 100 countries around the world. To this day, Linde Engineering has built more than 4,000 plants worldwide.