Government of the Republic of Tatarstan

Rustam Minnikhanov: OAO “Nizhnekamskneftekhim” is one of the biggest tax payers in republic

14 April 2014, Monday

On April 14 at an annual shareholders meeting of OAO “Nizhnekamskneftekhim” Tatarstan President Rustam Minnikhanov said that oil processing and petrochemistry are growing points of Tatarstan economy. He also noted that OAO “Nizhnekamskneftekhim” is the biggest polystyrene producers in the world.

For 12 years we have been launching new large-scale production, and today we also took part in solemn launching of the 4th stage of polystyrene production at OAO “Nizhnekamskneftekhim”, Rustam Minnikhanov reminded.

Tatarstan President continued that a powerful petrochemical cluster was created under the auspices of OAO “Nizhnekamskneftekhim”. “We are speaking about increasing production two or three times, and building new complex for manufacturing 1 million tonnes of produce,” he said.

Rustam Minnikhanov noted that the company is the biggest producer of ethylene and rubber. “We have got industrial and intellectual potential to deal with the most complicated tasks,” he added.

Rustam Minnikhanov also noted that the republic has to achieve new economic growth rates of 5-6 per cent.

Summing up, Rustam Minnikhanov said that Nizhnekamskneftekhim is one of the biggest tax payers in republic, and in spite of difficult economic situation net profit in 2013 amounted to 6.1 billion roubles. He also reminded about production modernization as one of priority tasks to decrease environmental load.

Tatarstan President's Press Office, Elena Britvina

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