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January 28, 2005

General Director of "Nizhnekamskneftekhim" Inc. Mr. V. Busygin has hold a press conference on the results of the year 2004

On January 27, 2005, Mr.Busygin, General Director of “Nizhnekamskneftekhim” Inc. has hold a press conference on results of financial and economical activities of the company in 2004 and prospects for the year 2005.

According to Mr. Busygin, from year to year the company is improving technical and economic indices of its operations. The commodity output in 2004 has made 31.6 billion rubles in existing prices, having achieved a record-breaking yield of major products, including butyl rubber, ethylene, propylene, benzene, neonols etc. As a whole, increase in last year commodity output amounted to 4.75% compared to that of 2003 in comparable prices. Balance sheet profit is over 6 billion rubles. Almost 60 % of manufactured products were exported. Currently, average monthly salary at our company amounts to 11 020 rubles.
Achieved results have brought to a large scale realization of programs in social sphere. Particularly, last year Nizhnekamskneftekhim” Inc. assigned 191 million rubles for housing construction, this has not only provided 20 000 square meters of accomodation, but also allowed to make a reserve for 2005.
Vladmir Busygin dwelt also on Nizhnekamskneftekhim” Inc. contribution to municipal social programs. The total amount used in 2004 for construction, revamp and equipping of medical and other institutions of Nizhnekamsk has made 100 million rubles. In addition to this, Nizhnekamskneftekhim” Inc. has largely contributed to construction of the city water treatment unit, more than 450 million rubles have been allocated for its reconstruction since the start of works at treatment facility.
As for the enterprise development perspectives , the general director noted that Nizhnekamskneftekhim” Inc. has a large stability margin from the financial point of view and is confident in its future. Planned commodity output in 2005 was determined as 35.3 billion rubles, the growth of commodity output and physical volumes has been planned as 1.5%. For example, isoprene rubber production is planned to be increased from 181 thousand tons to 185 thousand tons, butyl and halobutyl rubbers – from 74 thousand tons to 85 thousand tons, polybutadiene rubber ( on neodymium catalyst) – from 29 thousand tons to 50 thousand tons, EPDM – from 10 thousand tons to 12 thousand tons.
About 7 billion rubles have been provided for use in 2005 in accordance with technical revamp and reconstruction program, including 5 billion rubles of loan assets. Particularly, it is planned to finalize construction-installation works at one-stage isoprene synthesis unit, to put into operation the second polystyrene production line with the capacity of 50 thousand tons per year, to increase the production of butyl rubber, polybutadiene rubber ( on neodymium catalyst), to continue the reconstruction of ethylene complex and construction of polypropylene production.
339 million rubles should be assigned according to financial planning of 2005 for maintenance of social infrastructure objects, 312 million rubles – for social benefits and bonuses; it is planned to construct 30 000 square meters of housing for company employees.
Mr. Busygin has also answered the questions of reporters on environment protection, energy saving, joint projects with other Tatarstan enterprises, youth policy and personnel training and others. Above 30 reporters, representing Russian and republican information agencies, newspapers and television and radio broadcasting companies participated in press conference.

Press service
Nizhnekamskneftekhim Inc.
423574, R.F. Republic of Tatarstan, Nizhnekamsk, Nizhnekamskneftekhim Inc.
Tel.: +7 ( 8555) 37 – 78- 64
Tel/ fax : +7 ( 8555) 37 – 74 - 92
E-mail :
Internet: www




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