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OJSC “Kazanorgsintez” resumed the production of polycarbonates

  First Deputy General Director - Director for Production of OJSC «Kazanorgsintez» Andrey Potashkin informed that the Company resumed the production of polycarbonates with reported 70% capacity utilization rate. He explained that the production of Bisphenol- (Bisphenol A makes a feedstock for production of polycarbonates) and polycarbonates on the facilities of the Company was stopped on December 26, 2008 as the supplies of steam were ceased following the accident on the TTP-3 in Kazan. Mr. Potashkin said that steam in heat tracers pipelines used to apply steam to product pipeline to maintain stable temperature) converted into water and, as a result, the product solidified in pipeline and the low-level partial polymerization happened.
At present, all plants of OJSC “Kazanorgsintez” are in operation. Volume of physical production index for the first quarter reached 101.5% to the result of January-March last year. «In money terms, about 80% were received if compared with the same period last year, as the cost of production decreased», said Deputy General Director.
On September 3, 2008, OJSC “Kazanorgsintez” put into operation the only in Russia and the CIS countries polycarbonates plant with the capacity of 65 thousand tons per year; on November 26, the Company signed with licensee - Asahi Kasei Chemicals Corp. — the certificate stating the completion of performance tests that confirmed that the capacity and quality were in compliance with the stated requirements. OJSC “Kazanorgsintez” produces more than 170 types of chemical production. “Telecom-Management” (a wholly-owned subsidiary of TAIF) holds the controlling stake of the Company’s shares, OJSC «Svyazinvestneftekhim» - 28.4%.


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