print version 

Find company
Home About the ProjectContact usFor the Clients
Enter code or ISIN
 
alpha / industry search

Issuers' Corner
Press Releases
Annual Reports Library

Financial Statements
SEC & FFMS Filings
Corporate Presentations
GM Materials
Issues Documents
Corporate Governance Materials
Russian Company Guide
Company Profiles
Corporate Calendar
Markets Corner
Consensus Estimates
Media Corner
News Line


Get updates



Home  Issuers' Corner  Press Releases  Nizhnekamskneftekhim REGISTER LOG IN

Press Releases > Nizhnekamskneftekhim  all about the company

company search
all press releases
all Nizhnekamskneftekhim press releases

Nizhnekamskneftekhim

May 29, 2002

Business card of "Nizhnekamskneftekhim" Inc (NKNK) (update)

"Nizhnekamskneftekhim" Inc is one of the biggest producers and exporters of petrochemical products in the Russian Federation. The company is located in the city of Nizhnekamsk (Republic of Tatarstan), which is on the left bank of the Kama river and 250 km of the Tatarstan capital - Kazan.
The Company launched its first production 31 July 1967, and "Nizhnekamskneftekhim" Inc celebrates its 35 years in 2002. Today, the production complex of NKNK embodies 10 major plants, seven divisions (goods and feedstock, ethylene pipeline systems and so forth), several research and development centers, 15 general-purpose subdivisions.
The range of products output comprises more than one hundred items. A total number of the employed is more than 20 thousand. The Company is town-forming for the city of Nizhnekamsk.
The production backbone of NKNK is large-capacity plants yielding:
Monomers as feedstock to produce different types of rubber
General and specialty purpose synthetic rubber
Basic chemicals - ethylene, propylene, benzene, butadiene and their derivatives - styrene, linear alpha-olefins, ethylene glycols, surfactants and so on.
With such marketed products like linear alpha-olefins, propylene oxide, polyethers, ethylene glycols, styrene, as well as a range of synthetic rubber - isoprene, butyl, ethylene-propylene (EPDM) types, NKNK is the only or dominating producer in CIS.
At present, NKNK is commercializing production of butadiene rubber on cobalt support (SKD-K grade) basing on the-state-of-the-art technological process. Up-to-date processes, and production of halobutyl rubber (chlorobutyl- and bromobutyl-based) widely used in the modern tyre industry to produce tubeless tires, are being established.
In 2001, NKNK signed a number of Contracts with overseas companies to build new polymer plants in Nizhnekamsk to produce polystyrene and polypropylene. These plants are currently under construction which to be completed in 2003-2005. Bringing them into operation will initiate creation of polymer materials plants at "Nizhnekamskneftekhim" Inc.
At the same time, there is being implemented enhancement of capacities for ethylene (up to 600 000 TPA), isoprene by one-stage synthesis, divinyl, polyethers.
To implement these and other projects, which are making part of the development conception, NKNK is prepared to cooperate with domestic and overseas investors. Favorable investment climate in Tatarstan and availability of the developed bank network create fair conditions for such cooperation.
NKNK is also actively sharing with "Tatneft" JSC construction of the Nizhnekamsk Refinery.
The annual volume of the NKNK product output reached a record figure of over 19 billion rubles in the year 2000. The Company has its balance sheet profit significantly grown. The Government of the Republic of Tatarstan set the NKNK personnel a task to bring the output volume of marketed products to 2 billion dollars by 2005.
As far back as in the Soviet Union, NKNK was extensively implementing external economic activities. The Company's products are being exported to nearly a hundred countries worldwide including Europe, America and Far East. To expand and deepen the external economic activities, there have been established and are successfully functioning five Joint Ventures, the partners of which are the companies of the USA, Germany, Czechia, Finland and a number of other countries.
Production and economic activities of NKNK during the last years have been positively appraised by the Russian Federation Official Authorities: in November 2000, NKNK was awarded the prize "The Russian National Olympus". Besides, NKNK won a quality award of the Russian Federation Government among the ten other major companies of Russia and repeated that success in the year 2001. The objective of taking part in such prestigious competitions is to obtain an international quality certificate ISO-9002 for all the products of "Nizhnekamskneftekhim" Inc.
To-date, such international quality certificate has been conferred upon six of the ten NKNK plants.
In May 2002, NKNK inter alia 16 best companies of Russia was conferred upon a prestigious international prize "The Silver Svitok" in two nominations - "Manager of XXI Century" (personally to General Director V. Busygin) and "Company of XXI Century" as the most stable developing company. These awards have been approved by the European Community Council and conferred for the first time upon "Nizhnekamskneftekhim" Inc.
Basing on the year 2001 sales, NKNK ranks 25th in the general list and 2nd among chemical and petrochemical companies of the Russian Federation per the rating of 200 biggest companies of Russia published by "Expert-RA" agency.
Per the results of the competition held by the Ministry for Economic Development and Commerce of the Russian Federation in 2001, NKNK has won in the nomination "The best Russian exporter - 2000", and ranked 26th in the rating of the leading Russian exporters "TOP - 100".
A development strategy of the Company occupying a key position in the oil, gas and chemical complex of Tatarstan, highly qualified personnel potentialities and powerful production potential shall constitute a guarantee for further successful performance of "Nizhnekamskneftekhim" Inc.
Russian and overseas companies interested in a business-like co-operation with "Nizhnekamskneftekhim" Inc shall have, as a warranty, a stable political situation in the Republic of Tatarstan, as well as the support to the company on the part of the President M. Shaimiyev and the Cabinet of Ministers of the Republic of Tatarstan.
The General Director of "Nizhnekamskneftekhim" Inc is Vladimir Mikhailovich Busygin. For the last three years, he as a reputed manager has become well known in the business quarters of CIS countries, as well as in a number of West and East European countries. He has been honored with some Russian and international awards.

Press Service NKNK Inc

 

 

 

Search by industry

Agriculture, Foresty and Fishing | Chemicals | Engineering | Ferrous Metals | Financial, Insurance & Real Estate | Food & Kindred Products | General Construction | Information Technology | Media & Publishing | Non-Ferrous Metals | Oil & Gas | Pharmaceuticals | Power Industry | Precious Metals and Diamonds | Telecommunications | Transportation | Wholesale & Retail Trade

Search by alpha index

A B C D F G I K L M N O P R S T U V W X Z


Site Map
© RUSTOCKS.com
Privacy Statement | Disclaimer