Rustam Minnikhanov: Kazanorgsintez should keep running at full capacity

At annual shareholders’ meeting of OAO “Kazanorgsintez” Tatarstan President Rustam Minnikhanov said that the company’s priority task is provision of high-quality raw materials to use production capacities at full.

Director General of OAO “Kazanorgsintez” Farid Minigulov presented report on results of company’s activity in 2012. In particular, he said that good financial results were obtained. Net profit made 3,28 bln rubles, proceeds increased by 22 per cent, physical overall production increased by 16 per cent. Average salary accounted for 31,5 thousand rubles.

Shareholders approved annual and accounting reports. New Board membership comprised of 11 people was elected. First session of new Board of directors was held after shareholders’ meeting. By the decision of Tatarstan President Rustam Minnikhanov TAIF Director General Albert Shigabutdinov was elected as the Board Chairman.

Speaking at the meeting, Rustam Minnikhanov said that OAO “Kazanorgsintez” is one of leading enterprises in Tatarstan and Russia. He supposes that presence of such a powerful producer of polymers in republic provides conditions for development of small and medium-size business.

The President continued that the company’s priority task is provision of high-quality raw materials. He thanked employees of OAO “Kazanorgsintez” for efficient work and wished further success.