On July 31, 2017, a solemn function named Creators of Labour Achievements to mark the 50th anniversary of the first product output by Nizhnekamskneftekhim PJSC took place in the Folk Art Center in Nizhnekamsk.
The employees, who was involved in the start-up of Nizhnekamskneftekhim’s “first” – central gas fractionation unit (CGFU-1), and issuing the first tons of products of the chemical enterprise, as well as those, who later on put the monomer, rubber and plastics production plants into operation, were invited to the event. Azat Bikmurzin, General Director, Nizhnekamskneftekhim PJSC and Aydar Metshin, Head, Nizhnekamsk Municipal District congratulated all the gathered on the anniversary and wished them new labour advances and brilliant achievements.
A celebratory tea party was arranged for the guests and participants of the ceremony. The celebration was finished with a big concert featuring performing artists of the Republic of Tatarstan.
On June 27, Albert Shigabutdinov, General Director, TAIF PSC took part in the ordinary meeting of the Board of Directors of Tatneftekhiminvest-holding OJSC held by Rustam Minnikhanov, the President of the Republic of Tatarstan. The meeting was held in Kazan, in the Government House of the Republic of Tatarstan; the agenda contained a number of innovative project proposed for implementation in the territory of the republic.
On June 19, Rustam Minnikhanov, the President of Tatarstan, launched a new 405.6 MW power generating unit at Kazan CHPP-3 of TGK-16 OJSC. The formal opening ceremony was also attended by Ilsur Metshin, Mayor of Kazan, Albert Shigabutdinov, General Director of TAIF PSC, and John Rice, Vice President of General Electric, the USA.
It took a year and a half to build the power generating unit, and its commissioning was the last step in a comprehensive modernization of the Kazan CHPP-3. This unit has become the first in Russia and the second in the world electricity generating facility equipped with a GTU of such kind.
On 2 June, 2017, TAIF Group and LINDE AG signed a Memorandum of Strategic Cooperation in the framework of the St. Petersburg International Economic Forum in the presence of Vladimir Putin, the President of the Russian Federation, Rustam Minnikhanov, the President of the Republic of Tatarstan, and Horst Seehofer, the Prime Minister of Bavaria (Federal Republic of Germany). The Memorandum, which defines the main areas of cooperation, was signed by Christian Bruch, Chief Operating Officer, LINDE AG, and Albert Shigabutdinov, General Director, TAIF PSC.
On March 14, the 18th Energy. Resource Saving international exposition and the 17th Energy Resources Efficiency And Energy Saving international symposium were opened in Kazan.
The event was attended by Rustam Minnikhanov, the President of the Republic of Tatarstan, Ildar Khalikov, the Prime Minister of the Republic of Tatarstan, Albert Karimov, Deputy Prime Minister -Minister of Industry and Trade of RT, Anton Inyutsyn, Deputy Minister of Energy of the Russian Federation, and representatives of the federal and republican public authorities. Such TAIF Group's companies as Kazanorgsintez PJSC, Nizhnekamskneftekhim PJSC and TAIF-NK OJSC presented their achievements in the field of energy saving at the forum. This year, over 140 leading companies from Russia, Belarus, Italy and the United States, as well as 14 representative offices of foreign companies from Germany, Israel, Italy, Spain, China, Korea, Poland, Slovenia, the United States, Czech Republic, Sweden and Finland presented their state-of-the-art solutions.
On September 1, a function to mark launching a new power generation facility of Grid Company OJSC, Begishevo 220 kV Substation, took place in Tukaevsky municipal district of Tatarstan.
The function was attended by Rustam Minnikhanov, the President of the Republic of Tatarstan, Aydar Metshin, head of Nizhnekamsky municipal district, Albert Shigabutdinov, General Director, TAIF PSC, heads of ministries and authorities of RT as well as representatives of various enterprises.
The Begishevo 220 kV Substation put into operation will allow addressing a problem with insufficient power energy in the territory where the petrochemical majors of the republic, Nizhnekamskneftekhim, TAIF-NK, and TANECO, are concentrated today.
On August 20, Nizhnekamskneftekhim PJSC formally launched its linear alfa-olefin (LAO) production unit in Nizhnekamsk as upgraded. The solemn function was attended by Rustam Minnikhanov, the President of Tatarstan, Albert Shigabutdinov, General Director, TAIF PSC, Vladimir Busygin, the Board Chairman, Nizhnekamskneftekhim PJSC and Azat Bikmurzin, General Director, Nizhnekamskneftekhim PJSC as well as by representatives of the licensor Linde AG (Germany).
The unit’s output capacity will be 37.5 kta. Nizhnekamskneftekhim is the only alfa-olefin producer in the Russian Federation.
On August 15, a function was held to mark the launch of improvement work of the Lebjazhie (Swan) forest park facilities in the framework of the Year of Water Protection Zones in Tatarstan. Rustam Minnikhanov, the President of RT, participated in the launch ceremony.
A memorable sign was launched at the ceremony bearing the following inscription: "On August 15, 2016, Kazanorgsintez PJSC started reconstruction of Lebjazhie Lakes Systems. All the work aimed at reconstruction of a unique natural reservoir is a bounty to the residents of Kazan and the guests of the capital". TAIF PSC and Kazanorgsintez PJSC will implement the major part of the improvement program.
On August 4, the delegation of Univation Technologies (100% subsidiary of Dow Chemical, an American petrochemical giant) met with the senior management of TAIF Group at TAIF PSC's headquarters in Kazan.
During the meeting, the representatives of Univation Technologies told about the changes occurred in the company that may be of interest to TAIF's business including the company's business structure and the achievements in the development of a polyethylene production technology - UNIPOL ™ PE.
This is not the first time this American company cooperates with TAIF. Thus, in 2004, Univation Technologies sold a license for a high quality polyethylene production technology to Kazanorgsintez, a company of TAIF Group.
On July 8, the delegation of General Electric met with the management of TAIF Group in the framework of the visit to Tatarstan. John G. Rice, Vice-Chairman, President and CEO, General Electric and Albert Shigabutdinov, General Director, TAIF PSC discussed the possibility to create General Electric's maintenance center to provide services to the power generation units supplied by the company and operated in Tatarstan. It is planned that the center, inter alia, will ensure an uninterrupted operation of a state of the art gas turbine unit supplied by General Electric to Kazan CHP-3. During the meeting, the parties came to a conclusion that the maintenance center may be established on the basis of Tulpar Technik.
Today, on April 28, 2016, a general annual meeting of TAIF PSC’s shareholders was held to summarize the results of the company's activity in 2015. The meeting was attended by Rustam Minnikhanov, the President of Tatarstan.
A report on the results of TAIF Group and TAIF PSC for the reporting year was presented by Albert Shigabutdinov, General Director, TAIF PSC. The company's annual report, annual accounting statements including the income statement and profit distribution based on the results of 2015 were approved and a new Board of Directors of TAIF PSC was elected during the meeting.
According to the tradition, after the conclusion of the annual general meeting of shareholders the first meeting of a new Board of Directors took place. Following the proposal of Rustam Minnikhanov, the President of Tatarstan, the Board members reelected Rustem Sulteev, First Deputy General Director, TAIF PSC as a Board Chairman.
On April 22, 2016, a general annual meeting of Kazanorgsintez PJSC’s shareholders was held to summarize the results of the company's activity in 2015. The meeting was attended by Rustam Minnikhanov, the President of Tatarstan, and the representatives of ministries and state agencies of the Republic of Tatarstan. A report on the company's results for 2015 was presented by Farid Minigulov, General Director, Kazanorgsintez PJSC. A Board of Directors consisting of 10 people and an auditing committee were formed during the meeting.
After the conclusion of Kazanorgsintez PJSC's annual general meeting of shareholders the first meeting of a new Board of Directors took place. Following the proposal of Rustam Minnikhanov, the President of Tatarstan, the Board members reelected Ruslan Shigabutdinov, Deputy General Director, Corporate Governance, Property and Investments, TAIF PSC as a Board Chairman.
On April 15, 2016, a general annual meeting of Nizhnekamskneftekhim PJSC’s shareholders was held to summarize the results of the company's activity in 2015. The meeting was attended by Rustam Minnikhanov, the President of Tatarstan.
A report on the company's financial and economic results was presented by Azat Bikmurzin, General Director, Nizhnekamskneftekhim PJSC. The company's annual report, and annual accounting statements including the income statement for 2015 were approved during the meeting.
According to the tradition, after the conclusion of Nizhnekamskneftekhim PJSC's annual general meeting of shareholders the first meeting of a new Board of Directors took place. Following the proposal of Rustam Minnikhanov, the President of Tatarstan, the Board members reelected Vladimir Busygin as a Board Chairman and confirmed the powers of Azat Bikmurzin in the capacity of a General Director, Nizhnekamskneftekhim PJSC.
On March 28, the leadership of TAIF Group and a delegation of LINDE AG, Germany, held a meeting in the office of TAIF PSC. The purpose of LINDE AG’s delegation visit was to discuss strategic aspects of cooperation in the implementation of large projects brought to life by the companies of TAIF Group. So far, TAIF and LINDE AG have already implemented a number of joint projects - these are pyrolysis furnace construction for Kazanorgsintez and linear alpha-olefin plant modernization for Nizhnekamskneftekhim. In 2014, TAIF-NK and LINDE AG, Germany, entered into the contract, under which a German party provided engineering and procurement services in the framework of a hydrogen plant construction as a part of the Heavy Residue Conversion Complex.
Nizhnekamskneftekhim PJSC became the winner of the all-Russian contest Russian Business Leaders: Dynamics and Responsibility-2015 in the category For High-Quality Reporting in the Field of Sustainable Development.
The organizer of the annual contest Russian Business Leaders: Dynamics and Responsibility is the Russian Union of Industrialists and Entrepreneurs. Its objectives include facilitation of the sustainable development of companies, that is in line with the long-term economic interests of the Russian Federation, and identification of dynamic companies on the basis of their economic and social performance.
On March 15, the 17th international specialized exposition Energy Production. Resource Saving started in Kazan. The opening ceremony was attended by Rustam Minnikhanov, President of the Republic of Tatarstan, Anton Inyutsyn, Deputy Energy Minister of the Russian Federation, heads of ministries and governmental authorities, and directors of the republic’s industrial majors. TAIF Group’s companies such as Kazanorgsintez PJSC, Nizhnekamskneftekhim PJSC, and TAIF-NK PSC demonstrated their achievements in the area of energy saving at the forum. This year, 133 enterprises focusing on energy and resource saving participated in the exposition; they came from 27 Russian regions and 9 countries worldwide: Germany, Belarus, Kazakhstan, Kyrgyzstan, Denmark, Slovenia, USA, Switzerland, and Japan.
On January 28, 2016 a meeting of Nizhnekamskneftekhim’s Board of Directors presided by Vladimir Busygin, Chairman, was held in Kazan.
Board of Directors’ members approved the progress in the programme of the improvement of Nizhnekamskneftekhim’s production facility safety, Health, Safety and Environment Management Programme for 2013 – 2015 and the way this work was covered in mass media. The Board of Directors also approved the progress of Nizhnekamskneftekhim’s Environmental Program for 2014-2020. Nizhnekamskneftekhim’s Board of Directors scheduled the Annual General Shareholders Meeting for the year 2015 for April 15, 2016.
On January 13, a function to present the VI volume of the Book of Philanthropists and Letters of Appreciation to the managers of companies and enterprises and the citizens who have made a contribution to the Republican Foundation of Tatarstan’s Historical and Cultural Monuments Revival was held in the Kazan Kremlin.
Rushan Shamgunov, General Director, TAIF-NK PSC was among those awarded for active participation in the project Cultural Heritage of Tatarstan: Ancient Town of Bulgar and Town-Island of Sviyazhsk. Mintimer Shaimiev, State Advisor of the Republic of Tatarstan, the Chairman of the Board of Guardians of the Revival Foundation handed over the Book of Philanthropists and the Letter of Appreciation to Rushan Shamgunov.
On December 24, an awards ceremony to mark laureates of 2015 Manager of the Year contest was held in Korston hotel, shopping and entertainment mall in Kazan.
Rustam Minnikhanov, the President of the Republic of Tatarstan, Mintimer Shaimiev, Tatarstan State Advisor, Ildar Khalikov, RT Prime Minister, members of the Government of the Republic of Tatarstan, heads of the republic’s ministries and governmental agencies, local offices of the federal authorities and municipalities as well as managers of the enterprises.
Ildar Khalikov, RT Prime Minister, awarded Albert Shigabutdinov, TAIF PSC General Director, and Azat Bikmurzin, Nizhnekamskneftekhim PJSC General Director, with Certificates “To a Patron of Parks” for active participation in upgrading of parks within the framework of Year of Parks and Public Gardens program announced in the Republic of Tatarstan in 2015.
Mintimer Shaimiev, Tatarstan State Advisor, awarded Albert Shigabutdinov, TAIF PSC General Director, with the sixth volume of the Book of Philanthropists, and the letter of gratitude of the Republican Historical and Cultural Monuments Revival Foundation of the Republic of Tatarstan. Rushan Shamgunov, TAIF-NK PSC General Director, became a winner of the contest in the nomination For Investment Activity.
Today, on June 25, Annual General Meeting of TAIF PSC’s shareholders was held to summarize the company’s performance for 2014. Rustam Minnikhanov, Interim President of the Republic of Tatarstan, participated in the meeting.
Albert Shigabutdinov, General Director, TAIF PSC delivered a report of the results of TAIF Group’s and TAIF PSC’s business for 2014. During the Annual Meeting, the annual report, the annual accounting statements including the income statement, and the profit distribution based the results of the fiscal year 2014 were approved, too, and a new Board of Directors of the Group’s holding company - TAIF PSC - was elected.
Traditionally, upon the closing of the Annual General Meeting of Shareholders, a newly elected Board of Directors held its first meeting. Following the proposal of Rustam Minnikhanov, Rustem Sulteev, First Deputy General Director, TAIF PSC was reelected as the Board Chairman, and the powers of Albert Shigabutdinov in the capacity of General Director were confirmed.
Today, on April 29, the Annual General Meeting of Kazanorgsintez OJSC’s Shareholders was held, where the company’s performance for 2014 was summarized. Rustam Minnikhanov, acting President of the Republic of Tatarstan, representatives from ministries and authorities of the Russian Federation and the Republic of Tatarstan took part in the meeting.
Farid Minigulov, General Director, Kazanorgsintez OJSC delivered a report on financial and economic performance of the company. The Board of Directors consisting of 10 members and the auditing committee were set up during the meeting.
Traditionally, following the Annual General Meeting of Kazanorgsintez OJSC’s Shareholders, the first meeting of the re-elected Board was held. Ruslan Shigabutdinov, Deputy General Director, Corporate Governance, Property and Investments, TAIF PSC was re-elected as the Chairman of the Board following the proposal by Rustam Minnikhanov, acting President of RT.
On April 27, a function to mark commencement of a new hotel facilities construction was held in Bolgar. Rustam Minnikhanov, acting President of Tatarstan, Mintimer Shaimiev, RT State Adviser and the President of the Guardianship Board of the Vozrozhdenie (Revival) Foundation, Albert Shigabutdinov, General Director, TAIF PSC, and other officials participated in the event.
The function to celebrate the commencement of the hotel facilities construction was organized with a glance to ancient Bolgar and Tatar traditions. A cornerstone was established at the site, on which the participants of the ceremony fixed symbolic signs – metallic embossed plates. Nail Maganov attached a symbol of a snake embodying strength and protection, Albert Shigabutdinov attached a symbol of a fish embodying sustainability and stability, and Mintimer Shaimiev attached a symbol of a turtle (wisdom and eternity). Rustam Minnikhanov attached a symbol of a coin embodying prosperity and welfare on the cornerstone that will be a part of the hotel yard’s decoration in the future. A concrete plate containing the same symbols was laid in the foundation of the hotel, too.
See also: Photos
On November 27, a regular meeting of Nizhnekamskneftekhim PJSC’ Board presided by Vladimir Busygin, the Board’s Chairman was held in Kazan.
The Board took note of the information on financial and operating performance, implementation of the capital expenditures and financing plan of Nizhnekamskneftekhim PJSC and across the entire Nizhnekamskneftekhim Group based on the results of the 9 months of 2014. The commodity production plan was fulfilled at 102.1 per cent, and the commodity output increment made up 2.8 per cent year-on-year in comparable prices.
The Board’s members took note of the information on the status of Nizhnekamskneftekhim PJSC’s accounts payable and accounts receivable.
The Board approved the operating and financial plan, the capital expenditures and financing plan of Nizhnekamskneftekhim PJSC and across the entire Nizhnekamskneftekhim Group for 2015.
The Board took note of the information on the actual taxes and charges paid by Nizhnekamskneftekhim PJSC to the consolidated budget of the Republic of Tatarstan based on the results of the 9 months of 2014 and on the estimated payments to the consolidated budget of the Republic of Tatarstan in 2015.
The Board took note of the information on activity of Nizhnekamskneftekhim PJSC’s internal control department for the 10 months of 2014 and approved the work schedule for 2015.
The Board’s members approved specialized committees as follows: for audit (chairman – R. Gaizatullin, Minister of Finance, the Republic of Tatarstan) and for HR and remunerations (chairman – R. Zaripov, Deputy Prime Minister, the Republic of Tatarstan – Minister of Industry and Trade, the Republic of Tatarstan).
On October 1, 2014, the ordinary meeting of Nizhnekamskneftekhim OJSC’s Board of Directors headed by its Chairman Vladimir Busygin was held in Kazan.
The Board noted the results of the financial and economic activity, execution of the investment plans and financing of Nizhnekamskneftekhim OJSC and the entire NKNK Group based on 1H 2014 performance.
The Board members took note of the cost-benefit analysis of Nizhnekamskneftekhim OJSC’s subsidiaries and associated companies as of the 1st of July 2014 as well as information on current and potential raw material supply to Nizhnekamskneftekhim OJSC.
Due to assignment of Azat Bikmurzin as the company’s general director, the Board recommended to include the following candidates into a voting list for the Extraordinary General Shareholders Meeting:
Sergey Alexeev – First Deputy General Director, Svyazinvestneftekhim OJSC;
Vladimir Busygin – Deputy General Director, TAIF PSC;
Azat Bikmurzin – General Director, Nizhnekamskneftekhim OJSC;
Radik Gaizatullin – Minister of Finance, Republic of Tatarstan;
Ravil Zaripov – Deputy Prime Minister, Republic of Tatarstan – Minister of Industry and Commerce, Republic of Tatarstan;
Nail Maganov – General Director, Tatneft OJSC named after V.D. Shashin;
Zeljko Milic – Executive Director, IPCO-TRADING S.A.;
Vladimir Presnyakov – Deputy General Director, TAIF PSC;
Alexander Rappoport – Managing Partner, Rappoport & Partners Lawyer Office;
Rinat Sabirov – Aide to the President of the Republic of Tatarstan (based on a special right of “a golden share”);
Guzeliya Safina – Deputy General Director, TAIF PSC.
Following the changes made in the Civil Code of the Russian Federation, which are effective from September 1, 2014, the Board approved draft amendments and addenda to the Charter of Nizhnekamskneftekhim OJSC and proposed them to be approved by the company’s Extraordinary General Shareholders Meeting (EGSM), which will be held on October 29 this year. The Board members approved also forms and wordings of the voting ballots for EGSM.
On September 9, 2014, the most heavy and unique piece of equipment was delivered by inland water transport to Nizhnekamsk for the Heavy Residue Conversion Complex – a hydrocracking reactor, item R-104. The total transport weight of the reactor is 1,377.9 tons, length – 36.6 meters, inner diameter – 5.2 m.
The reactor R-104 is designed for hydrotreating and hydrocracking of heavy oil residue products at the VCC Unit and production of a high quality EURO-5 diesel fuel.
The reactor R-104 was manufactured for TAIF-NK under the contract with a Japanese company Toyo Engineering Corporation at its plant Larsen & Toubro (India). The reactor R-104 and a number of other heavy equipment items for the HRCC were shipped from Hazira (a port in India) and delivered to the port of Saint-Petersburg by sea with a crane vessel of Jumbo.
After the transshipment from the sea vessel to a river barge, the reactor R-104 along with the high pressure separator Ĺ-107 were sent to Nizhnekamsk. Transportation of the entire reactor equipment from the port in Saint Petersburg to the construction site of the HRCC at TAIF-NK PSC was carried out by Spetstyazhavtotrans.
Land transportation of this equipment will be performed along a specially developed 22-kilometer long route from a riverside jetty on Kama River to the HRCC’s construction site.
This reactor as well as a range of other heavy equipment items will be installed by a pivot lifting method by a Russian branch of MAMMUT.
This equipment is designed for the construction of a Heavy Residue Conversion Complex based on a unique Veba Combi Crańking (VCC) technology aimed at improvement of oil conversion rate with an increase in light oil product yield. The conversion depth at TAIF PSC will grow up to 95% once the project is implemented. At the time being, HRCC is the largest project of TAIF-NK and it has a strategic importance for the development of the entire national oil refining industry.
Today, on April 14, the Annual General Meeting of Nizhnekamskneftekhim OJSC’s Shareholders was held in Nizhnekamsk with the attendance of the President of the Republic of Tatarstan Rustam Minnikhanov. A report on the company’s financial and economic performance was presented by Oleg Nesterov, General Director, Nizhnekamskneftekhim OJSC. The results of the company’s business for 2013 were summarized. At the Annual General Meeting of Nizhnekamskneftekhim OJSC’s Shareholders a Board of Directors was elected consisting of 11 members along with an Audit Committee consisting of 5 members.
Once the Annual General Meeting of Nizhnekamskneftekhim OJSC’s Shareholders was over, traditionally, the first meeting of the new Board of Directors was held. The Board members again supported the proposal by Rustam Minnikhanov to elect Vladimir Busygin as the Board Chairman and also confirmed the powers of Oleg Nesterov, General Director, Nizhnekamskneftekhim OJSC.
See also: Photos
Today, on April 14, 2014, Rustam Minnikhanov, the President of the Republic of Tatarstan, Vladimir Busygin, the Board Chairman, Nizhnekamskneftekhim OJSC, and Oleg Nesterov, the General Director, Nizhnekamskneftekhim OJSC, participated in a solemn function to mark the launch of the forth polystyrene production line in Nizhnekamsk. The line construction commenced in the first quarter of 2013, and the commissioning work commenced here as early as on December 27, 2013. The unit is designed to produce 13 polystyrene grades including 7 main and 6 additional grades that are supposed to be processed with the use of molding, extrusion and foam molding processes. The production is based on a process licensed by Toyo – Mitsui (Japan).
On March 18, the 15th International Specialized Exhibition “Power Engineering. Resource Saving” began working at “Kazanskaya Yarmarka” (Kazan Fair) center in Kazan. The solemn exhibition opening ceremony was attended by the President of Tatarstan Rustam Minnikhanov, Supervisory Board Chairman of Housing and Utility Reform Foundation Sergey Stepashin, RT Prime Minister Ildar Khalikov, RF Deputy Minister of Energy Anton Inyutsyn, General Director of Housing and Utility Reform Foundation Konstantin Tsitsin. This year, over 170 enterprises from Russia, CIS countries and Germany present their latest developments at the exhibition in Kazan. 65 companies and enterprises from Tatarstan including TAIF Group’s companies – TAIF-NK PSC, Kazanorgsintez OJSC, TGK-16 OJSC and Nizhnekamskneftekhim OJSC – participate in the exhibition.
On February 5, a final meeting of the Joint Board composed of RT Industry and Trade Ministry and RT Economy Ministry representatives was held on the topic
“Enterprises’ Innovative Development is a Basis for Enhancement of the Republic’s Economy Competitiveness”.
The Joint Board’s final meeting was attended by the President of the Republic of Tatarstan Rustam Minnikhanov along with the representatives of Ministries and agencies and the heads of the major industrial companies and enterprises.
On behalf of the petrochemical sector, Albert Shigabutdinov, General Director of TAIF PSC delivered a report “Innovations are the Main Mechanism of TAIF Group’s Development” at the Joint Board’s meeting.
On December 23, 2013 NKNK FINANCE PLC paid out the coupon yield to the NKNK-2015 Eurobond holders in the amount of USD 658.9 thousand and redeemed 1/10th of the issue to the amount of USD 3 million and 100.6 thousand according to the redemption schedule.
Nizhnekamskneftekhim OJSC’s Eurobonds (NKNK-2015), a debut issue of which took place at the end of 2005, have been listed and are traded at the Irish Stock Exchange (Dublin). The Eurobonds were issued by a specially established company NKNK Finance plc (Ireland). The NKNK-2015 Eurobond float was USD 200 million, the interest rate – 8.5% per annum for the entire circulation period with the yield paid out every six month. The Eurobond maturity period till the final redemption is 10 years.
Today, the management of TAIF Group and the delegation of a German concern Siemens held a meeting at TAIF PSC’s office.
See also: Press-release Photos
On October 29, a function to mark the 55th anniversary of the establishment of Kazanorgsintez OJSC and the 50th anniversary of its first output production was held in the Pyramid Cultural and Entertainment Complex. The event was attended by Rustam Minnikhanov, the President of Tatarstan.
The President expressed appreciation to every employee, who contributes to the company’s and the republic’s economy, and extended his gratitude to the executive committee, the Board of Directors of Kazanorgsintez OJSC and its major stakeholder – TAIF PSC.
Today, on September 18, an extraordinary general meeting of Nizhnekamskneftekhim OJSC’s shareholders was held in Nizhnekamsk, where the powers of the Board members elected by the general meeting of shareholders dated April 18 2013, were terminated ahead of schedule. After that, a new Board of Directors was elected.
Upon the closure of the extraordinary general meeting of shareholders, the first meeting of a newly elected Board of Directors was held. Vladimir M. Busygin, TAIF PSC Deputy General Director, Management and Strategic Development of Nizhnekamskneftekhim OJSC was elected as the Board Chairman. The Board approved the powers of General Director of Nizhnekamskneftekhim OJSC Oleg N. Nesterov.
Today, on August 8, 2013, an extraordinary General Meeting of Kazanorgsintez OJSC’s Shareholders was held, where the Company’s new Board of Directors was elected. Upon closing the Meeting, the re-elected Board held its first meeting, where the Chairman of the Board was elected. Ruslan A. Shigabutdinov, TAIF PSC Deputy General Director, Corporate Governance, Property and Investments became the Chairman. Farid G. Minigulov, Kazanorgsintez OJSC General Director was elected as Deputy Chairman, Kazanorgsintez OJSC Board.
The results of the competition Best Goods and Services of the Republic of Tatarstan 2013 conducted in the framework of the programme 100 Best Russian Goods were summarized. The competition evaluates quality and competitive ability of the products and services produced and rendered in the republic. TAIF-NK PSC participates in the competition every year. This year the products of TAIF-NK PSC were among the winners of the competition. The laureates in the category “Producer Goods” became:
Diesel fuel, EURO-5 class 2 type III (DF-5) for cold weather;
Diesel fuel, EURO-5 class 2 sort C, E type III (DT-5) for temperate climate.
The diploma of this competition was awarded to granular technical sulfur.
On June 26, 2013 an extraordinary meeting of Nizhnekamskneftekhim OJSC’s Board of Directors chaired by Albert Shigabutdinov, TAIF PSC’s General Director, Nizhnekamskneftekhim OJSC’s Board Chairman, was held in Kazan.
The Board of Directors adopted a decision to hold an extraordinary General Meeting of Nizhnekamskneftekhim OJSC’s Shareholders as a collective meeting with attendance by the shareholders. The extraordinary meeting of Nizhnekamskneftekhim OJSC’s shareholders will take place on September 18, 2013.
Today, the Annual General Meeting of TAIF PSC Shareholders was held, where the company’s performance in 2012 was summarized. The meeting was attended by Rustam Minnikhanov, the President of the Republic of Tatarstan.
Albert Shigabutdinov, General Director, TAIF PSC, made a report on the company’s financial and economic performance. At the meeting, the Annual Report, the annual accounting statements including the income statement and profit appropriation based on 2012 performance, were also approved and the Board of Directors of the parent company – TAIF PSC – was re-elected. The first meeting of the re-elected Board of Directors was traditionally held after the Annual General Meeting of Shareholders. Rustem Sulteev, First Deputy General Director, TAIF PSC, was re-elected as the Board’s Chairman following the proposal of the President of the Republic of Tatarstan.
By decision of the contest commission and the Independent public council of the competition "100 Best Russian Organizations. Ecology and environmental management" TAIF-NK PSC was titled the laureate - with presentation of a diploma and a gold medal. The ecological competition award ceremony took place on the VII annual All-Russia conference "Ecology and manufacture. Prospects of environmental protection economic mechanisms development ", held from the 29th of March till the 1st of April, 2013 in St.-Petersburg.
A feature of 2012-2013 is preparation and acceptance of some strategic, organizational and program documents of the federal level, directed at solving of the most acute problems in the sphere of environmental protection and maintenance of ecological safety. 2013 is declared a “Year of environmental protection" in Russia and a "Year of ecological culture and environment" - in Tatarstan.
On February 20, General Director, TAIF PSC, Albert Shigabutdinov had a meeting with the President of General Electric (GE) in Russia and CIS Ron Pollett. At the meeting, the possibilities of cooperation in power engineering and oil, gas and chemicals were discussed. “We are interested not only in supplying equipment from the top vendors to TAIF’s enterprises, those both under construction and modernization, but also in a long-term cooperation with foreign partners in terms of the development of petrochemical technologies and improvement of heat and electric power production efficiency,” Albert Shigabutdinov, General Director, TAIF PSC, said. The parties discussed involvement of GE in TAIF Group’s projects aimed at modernization and expansion of petrochemical production and power generation facilities.
On October 25, a ceremony to award prizes of the Government of the Russian Federation to winners of the 2011 quality competition was held in Moscow. TAIF-NK PSC General Director Amil Kalimullin was bestowed a prize and a laureate diploma. The Chairman of the Government of the Russian Federation Dmitry Medvedev personally awarded the prizes. This is the highest award the Russian entities may receive by counting on the quality as an important factor in competition on a local and global scale, irrespective of the number of employees, a sectoral profile and a type of ownership.
TAIF-NK PSC has a certified and efficiently functioning quality, industrial safety, occupational health and environmental management system integrated that meets requirements of the four international standards: ISO 9001:2008 “Quality Management System”, ISO 14001:2004 “Environmental Management System”, OHSAS 18001:2007 “Occupational Health and Safety Management System”, AS/EN 9100 “Quality Management System” – these are requirements to aviation, space and defense entities. IMS (integrated management system) enables to system-based and rapidly procure sustainable development of an entity, which yields oil products meeting international standards and responding to customers’ needs, expands its capitalization, sets fair and mutually beneficial relationship with partners, improves life quality of its employees, and provides environmental and occupational safety in all its business lines. Permanent and hard work aimed at upgrading of both technological and managerial processes stands behind the high quality and the all-Russian recognition achieved.
Today the Annual General Meeting of TAIF PSC Shareholders was held, where the results of the company’s business in 2011 were summarized. The meeting was held with participation of the President of the Republic of Tatarstan Rustam Nurgalievich Minnikhanov.
Also, the Annual Report, annual accounting statements, including the Income Statement, and Profit Appropriation Statement for 2011 were adopted, and a new Board of Directors of the holding company – TAIF PSC – was elected. At the meeting of the new Board of Directors held after the shareholder’s meeting Rustem Nurgasimovich Sulteev, First Deputy General Director, TAIF PSC was re-elected as its Chairman following the proposal of the President of the Republic of Tatarstan.
PSC “TAIF” summarized the results of operation in 2010
Today the Annual General Meeting of PSC “TAIF” Shareholders was held to summarize the results of operation in 2010. The President of Tatarstan Republic Rustam Nurgalievich Minnikhanov took part in this meeting. A report on the results of 2010 operation was presented by the General Director of PSC “TAIF” Mr. Albert Shigabutdinov, where he said that the major tasks set by the government of the republic and the shareholders to TAIF Group in the past year had been fulfilled.
Total volume of investments made by TAIF Group in 2010 amounted to RUB 22 billion that is by RUB 9.1 billion (+71%) higher year-on-year.
The aggregate revenue of TAIF Group amounted to the highest ever value – RUB 340 billion. EBITDA exceeded RUB 54 billion. The net profit amounted to RUB 33 billion. Over RUB 33 billion of taxes and charges were allocated to all-level budgets, including RUB 9 billion – in the consolidated budget of Tatarstan Republic that is 3 times higher if compared to 2009. In charity, social affairs, support of sports, healthcare and culture, over RUB 10.3 billion was allocated, and RUB 3.4 billion - in environmental protection and ecology.
Also, at the meeting, the Annual Report, annual accounting statements including Income Statement, and profit distribution according to the results of the financial year 2010 were approved. Besides, a new Board of Directors of the holding company – PSC “TAIF” – was elected. The First Deputy General Director of PSC “TAIF” Sulteev Rustem Nurgasimovich was reelected as Chairman of the Board.
April 22 annual general meeting of shareholders Kazanorgsintez. The meeting was attended by President of Tatarstan Rustam Minnikhanov.
A report on the results of JSC Kazanorgsintez made ??CEO Leonid Alekhin. He said that the main event in 2010 was the completion of the investment program of the first stage of modernization "Kazanorgsintez", adopted in 2004.
In 2010, JSC Kazanorgsintez achieved a net profit of 1.14 billion rubles, compared with a loss a year earlier.
According to Leonid Alekhin, Kazanorgsintez for the year increased revenue and a half times - from 22.50 billion rubles in 2009 to 33.73 billion in 2010.
OAO Nizhnekamskneftekhim pays the coupon yield on NKNH-2012 (LPN) Eurobonds and redeems a tranche totaling to 39 million 881 thousand and 640 US dollars
On April 20, 2011 NKNK FINANCE PLC paid out the yield in the amount of 6 million 83 thousand and 640 US dollars to the holders of NKNH-2012 Eurobonds and redeemed 1/3 portion of the bond issue in the amount of 33 million 798 thousand US dollars as per the redemption schedule.
On November 3, 2009 OAO Nizhnekamskneftekhim exchanged a portion of NKNH-2015 Eurobonds for new NKNH-2012 Eurobonds for redemption in 2012 at coupon rate 12 per cent per annum. Coupon payments shall be made every six months. The date of final redemption shall be April 20, 2012. A specially established company NKNK FINANCE PLC (Ireland) became the issuer of the Eurobonds and Citibank is the arranger of the issue. The volume of NKNH-2012 Eurobond floatation was 101.394 million US dollars.
Our company never had any defaults in its business and the payments of coupon yields and the principal debt on all primary obligations were made in due time.
April 18 began to work the official site of JSC "TGC-16" - a subsidiary of TAIF. Site TGC-16 is made at a high professional level in a single corporate style of the Group TAIF. Along with informative emphasis on vivid graphics, and the contextual effect of promo-site. Main purpose of the site - the development of the company's brand, as well as providing maximum convenience for information about the company.
From now on all visitors - customers, partners, representatives of the media - can read for free access to the company, watch the latest news, information on the tendering procedures, as well as through the electronic trading platform "OnlineContract" to take part in tenders for TGK-16.
Site Address: www.tgc16.ru
Three new grades of polypropylene ĐĐ7445LM, ĐĐ8334SM and ĐĐ4445S are mastered at Polyolefins Plant of OAO Nizhnekamskneftekhim. Currently they are passing operational testing at the processers’ plants.
The plant monthly produces up to twenty grades of polypropylene – homopolymers, random copolymers and block copolymers. Year by grade range of the products produced shifts to production of complex and import-substituting grades, primarily block copolymers and random copolymers.
Output of visbreaking homopolymers like ĐĐ1362R and ĐĐ1365S has been developing as regards quality and production volume.
Polypropylene of ĐĐ1362R grade is successfully consumed at the enterprises of Nizhnekamsk Industrial region: Polimatiz. Elastik, industrial park Kamskie Polyany. Homopolymer of RR1525J grade used for the production of BOPP (biaxially oriented films) withstood the test of time and acquired its regular customers.
Today Polyolefins Plant produces 44 grades of polypropylene and 29 grades of polyethylene.
OAO Nizhnekamskneftekhim was awarded Grand Prix diploma “For implementation of energy-saving technologies of pertochemical plants” following the results of annual exhibition “Fuel and energy complex of Russia in XXI century”, held within the framework of Moscow International Energy Forum “Fuel and energy complex of Russia in XXI century”.
Enterprise is also awarded the diploma “For success achieved in the field of energy saving" and Commemorative of Moscow International Energy Forum partner “Fuel and energy complex of Russia in XXI century”.
Exhibition “Fuel and energy complex of Russia in XXI century” is an annual exposition within the framework of Moscow International Energy Forum. At this exhibition regional investment projects and achievements of Russian and international companies in the field of fuel and energy complex are traditionally presented.
Assuarance of safe working conditions and health advocacy – determinant of ÎŔÎ "Nizhnekamskneftekhim" development
Reapproved labor protection and industrial safety policy was brought into being at ÎŔÎ "Nizhnekamskneftekhim". It as before makes known the provision of safe working conditions and staff health advocacy to be one of the main corporate priorities and one of the determinants of its own development.
Compared to the earlier active policy the new one covers far more extended sphere of responsibilities of ÎŔÎ "Nizhnekamskneftekhim" management taken to minimize industrial risks, avert risk of occupational traumatism and work-related diseases of employees, provide continued operation of labor protection and industrial safety management system based on the best world standards and allocation resources required for working conditions improvement.
Event list to exercise the policy became much more broader. Among other things assuarance of openness and information in the field of industrial safety will be made by adequate communication and dialogue with all the parties concerned.
Meeting of Board of Directors of OAO Nizhnekamskneftekhim
On March 14, 2011, a regular Meeting of the Board of Directors of OAO Nizhnekamskneftekhim was held in Kazan under the chairmanship of Mr. A. Shigabutdinov, General Director of OAO TAIF, Chairman of the Company’s Board of Directors.
Members of the Board of Directors tentatively approved of the Company’s Annual and Social Reports for 2010.
The Board of Directors recommended to pay dividends based on the results of the Company’s financial and economic activity in 2010 in the amount of 30 percent of net income, which makes RUR2.152 bln., or RUR 1.176 per each ordinary and preferred share.
The Board of Directors approved of the Agenda of the Annual Meeting of Shareholders, the Announcement for publishing purposes, the form and texts of voting bulletins; list of information items to be provided to the shareholders; amendments and addendums to the Statute and internal documents.
The Annual Meeting of Shareholders of OAO Nizhnekamskneftekhim will be held on April 15, 2011, at 10 a.m. at the Company Headquarters.
Based on the results of the tender on selection of an independent auditor of OAO Nizhnekamskneftekhim in accordance with Russian Accounting Standards (RAS) and International Financial Reporting Standards (IFRS), PricewaterhouseCoopers was recommended as an auditor for 2011 for approval at the General Meeting of Shareholders.
The Board of Directors took notice of information about payables and receivables of OAO Nizhnekamskneftekhim, metrics of the Company’s financial stability, the progress of implementing activities focused on improvement of occupational and industrial safety, as well as of the Company’s business in the stock market, credit ratings and capitalization.
Results in the Field of Intellectual Property Summarized for 2010
OAO Nizhnekamskneftekhim’s Portfolio of Intellectual Property was replenished with four RF Certificates of State Registration of computer programs. Documents of title in confirmation of the Company’s exclusive rights for said programs were obtained from Rospatent in December, 2010. All 4 programs are being successfully applied in the production and commercial activities of the Company.
According to legal protection regulations with regard to technical solutions and individualization instruments as of December 31, 2010, 395 patents of invention, 62 useful model patents, and 42 trade mark certificates were obtained in favor of OAO Nizhnekamskneftekhim.
Based on the results of 2010, the Company innovators filed 488 applications for technical innovations, more than 1260 employees were involved in technical creativity. The percentage of young innovators within the number of authors of technical solutions increased compared to the previous year and amounted to 37%. The quantity of implemented technical innovations, inventions and utilities grew by 6.7%.
Nizhnekamskneftekhim for the fifth time participates in the Interplastica trade fair
OAO Nizhnekamskneftekhim for the fifth time participated in the specialized international trade fair for plastics and rubber products manufacturers Interplastica 2011, which took place in January 25-28, 2011 at the Krasnaya Presnya Expocenter in Moscow.
The company’s stand traditionally attracted the attention of a large number of potential Nizhnekamsk plastics customers. Currently the total capacity of polystyrene, polypropylene, and polyethylene produced by OAO Nizhnekamskneftekhim amounts to 600 thousand tons. At present the company produces 15 grades of polystyrene, 38 grades of polypropylene and 12 grades of polyethylene.
A total of more than 900 companies from 30 countries exhibited their stands at the trade fair. About 25,000 peoples from different parts of Russia and foreign countries familiarized themselves with the new developments in the field of plastics and rubber industry.
Collective agreement for 2011 was approved
On January 19 labour collective conference was held at OAO Nizhnekamskneftekhim where fulfillment of collective agreement for 2010 was summarized and a document which regulates relationship of collective and company’s management in 2011 was approved.
At the conference V.Busygin General Director of OAO Nizhnekamskneftekhim reported about the results of company’s financial and economic activities in the reference year.
Last year the collective achieved the highest performance in the whole history of the company. Sales proceeds reached 94 billion rubles that is 57 % more than in 2009. Net profit exceeded 7 billion rubles. This enabled company’s management to pay the so called 13th salary to the company’s employees based on the results achieved by the year end.
Supplements and premiums have been paid provided for by collective agreement and all one-off payments were made. Retired employees received payments for anniversaries and holidays and pension supplements.
Within the framework of the voluntary health insurance agreement 132 million rubles were allocated through “Spasenie” company in the reporting year for medical examination and treatment of petrochemists.
According to the Provisions 100 young families received loans for goods of first priority totaling 5 million rubles.
Employees who served in the Army were paid assignment allowances in the amount of 5000 rubles, new employees – 3000.
In reporting year more than 229 women received financial assistance for the newborn, more than 2 million rubles were allocated for these purposes. 119 employees raising handicapped children received financial assistance totaling 515 thousand rubles.
16 million rubles were transferred to the account of the trade union committee for development of cultural, educational and recreational activities for 12 months of 2010.
Financing of project construction for nonproductive purposes in 2010 reached 267 million rubles.
The company’s total social payments amounted to about two billion rubles at the year end.
Within the framework of activities on reduction of negative impact on environment the amount of contaminants release into the atmosphere was reduced by 19 thousand tons over the last 5 years. The reduction was achieved due to the technological equipment replacement for more advanced one and optimization of technological process control mode.
At the conference A.Khairullin the chairman of trade union committee of ÎŔÎ Nizhnekamskneftekhim reported on collective agreement fulfillment.
A. Metshin, the head of Nizhnekamsk municipal region, took part in the conference.
Conference delegates considered collective agreement for 2010 completely fulfilled.
In the document which regulates relationship between employer and employee for 2011 all the bonuses and payments included in collective agreement 2010 remain valid.
Central Committees for labor disputes and social insurance also were elected at the conference.
Nizhnekamskneftekhim is a Leader in the Environmental Activity Again
OJSC Nizhnekamskneftekhim was pronounced the winner of all-Russian environment-related review competition for the fifth time and awarded the title of honor “Russia’s Environmental Activity Leader 2010”.
The award was made on November 30th in the State Kremlin Palace within the VI All-Russian Conference “New Priorities of National Ecological Policy in Real Economy” dedicated to ecological safety, economical development and human life environment improving matters as well as to development of ecological policy project in the Russian Federation for the period until 2030.
All-Russian review competition “Russia’s Environmental Activity Leader” is annually held to socially encourage the plants for their vigorous activity in the field of environment protection and rational nature management facilitating resilient growth of the Russian economy, population health improvement and ecological safety of the country.
Ildar Khalikov; ‘Thanks to “Rubin” Kazan is world-wide known’
Members of the Guardian council of “Rubin” Football Club discussed matters related to further club’s development, material and technical base growth and development of football in whole. Today there was held a meeting of the Guardian council of “Rubin” FC in the Government House where Mr. Rustam Minnikhanov, the President of the Republic of Tatarstan took a part, according to the press center of the President of RT.
The meeting was also attended by Mr. Ilshat Fardiev, Deputy Prime-Minister of RT - Minister of RT on Power, Mr. Alexander Gusev, President of “Rubin” Football Club – Deputy Chairman of the State Council of RT, Mr. Ilsur Metshin, Kazan City Mayor, Mr. Albert Shigaboutdinov, General Director of PSC TAIF, and Mr. Kurban Berdyev, Vice-President of “Rubin” FC – Head Coach.
The Guardian council’s members were bestowed by Mr. A. Gusev with bronze medals of the Russian Premier League Football Championship.
Let us recall that the “Rubin” Football Club became a bronze medalist of 2010 Russian Premier League Football Championship. The players, the coaching staff and the Football Club personnel were honored in Pyramid Cultural and Entertainment Complex yesterday. Mr. I. Khalikov, Prime-Minister of RT, and Mr. I. Metshin, Kazan City Mayor, participated at that festive occasion.
While congratulating “Rubin” players the Prime-Minister noted that “Rubin” is not only a well-known team now but also a beloved one. ‘Thank you very much for thousands of Tatarstan boys which learning by example of yours, go in for sports. Owing to you our capital Kazan, the Kremlin and the Kul-Sharif Mosque have become world-wide known’, said the head of RT’s Government.
Mr. I. Khalikov on behalf of the President of Republic of Tatarstan bestowed to “Rubin” players the State awards “For Valuable Contribution in Physical Education and Sport Development”.
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